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Atlanta, Georgia Office

3930 East Jones Bridge Road
Atlanta
GA
US

Owings Mills, MD Office

25 Crossroads Drive, Suite 200
Owings Mills
MD
US

Los Angeles Office

11150 Olympic Blvd, Suite 600
Los Angeles, CA
US

The Hague, Holland Office

Loire 200-202
The Hague
NL

London, UK Office

Baker's Hall 7 Harp Lane
London
GB

Singapore Office

30 Cecil St. #22-02/08 Prudential Tower
Singapore
SG

Scottsdale, Arizona Office

7272 E. Indian School Road
Scottsdale
AZ
US

Jersey City, NJ Office

10 Exchange Place, 23rd Floor
Jersey City
NJ
US

Brookfield, Wisconsin Head Office

255 Fiserv Drive
Brookfield
WI
US

Sydney, Australia Office

Level 14 124 Walker Street
North Sydney
AU

Luxembourg Office

4 Rue d'Arlon
Luxembourg
LU

Uxbridge, UK Office

7 Roundwood Ave
Uxbridge
GB

Lake Mary, Florida, US Office

600 Colonial Center Pkwy
Lake Mary
FL
US

Telephone

617-217-2816

Contact

Melanie Cousins
[email protected]
Back to all Fiserv announcements

Relationship Advance from Fiserv Now Available in ASP Model

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced general availability of the ASP version of Relationship Advance(TM), a solution that enables financial institutions to offer a configurable deposit-based lending product to their customers.

"Rewarding loyal customers by providing affordable credit alternatives can significantly differentiate an institution from among an otherwise homogenous set of deposit products in the marketplace," said Jeff Burton, Vice President, Financial Institutions Group, Fiserv. "With deposit-based lending, banks can go beyond a credit score to provide convenient credit solutions to help customers bridge their cash flow needs at a cost far lower than traditional alternatives."

Relationship Advance from Fiserv is a lending platform that can service a variety of deposit-based lending programs for either consumers or small businesses. The solution includes nightly account monitoring and remediation, quick and convenient account setup and usage, and flexible repayment alternatives to balance safety and soundness concerns with the need to provide the consumer with the best experience. These, and other features, can help the financial institution tailor the product to meet unique customer needs.

"The cost of providing the right level of functionality and integration to make these more highly personalized lending programs viable can put the product economics under water pretty quickly," said Carl Lazzell, consulting director Financial Institutions Group, Fiserv. "Having an out-of-the-box solution enables financial institutions to avoid a lot of this up-front cost. Moreover, by implementing as a hosted solution, Fiserv manages all aspects of the process, including compliance with key Federal regulations, within our core so that our financial institution clients can focus on their customers."