JACKSONVILLE, Fla., Feb. 23 /PRNewswire-FirstCall/ -- Fidelity National Information Services today announced that two credit unions have chosen the Mercury(TM) solution to meet their core processing needs. The new clients include Town of Palm Beach Federal Credit Union of Palm Beach, FL and Hayward Community Credit Union of Hayward, Wisconsin.
Hayward Community Credit Union, which received its community charter in 1935, was specifically seeking three attributes in a core solution: greater report-writing flexibility to make the generation of board reports faster; easier access to data from more fields for creating queries; and the ability to expand into business lending.
"With Mercury, we achieved all three objectives," said Cliff Williams, the credit union's president and CEO. "This solution was built from the ground up on Windows(R), as opposed to an older legacy system with a Windows-like look and feel added later. This will make training faster in the future. But more importantly, with FIS we found a partnership with a major player that will continually enhance the technology so we can stay competitive."
Town of Palm Beach Federal Credit Union, chartered in 1965, was formed for the purpose of providing saving and loan programs expressly for employees that work for the Town of Palm Beach governmental agency. Membership has expanded as the town has grown, and the institution wants to be ready for the possibility of adding new product lines.
"Mercury will allow us to add checking account capabilities if we choose to offer them without incurring any additional technology expense," said Debby Seadorf, the institution's manager and treasurer. "The functionality is already there, ready to go. All in all, we found the solution to be a great value at an affordable price."
Mercury is a Windows-complete solution, leveraging the Microsoft(R) tools that have become the industry standard. For this reason, installation is quick and easy, with most credit unions able to leverage their existing hardware and software, and maintenance is simplified. Mercury is available as an in-house solution, as selected by Town of Palm Beach FCU, or as an ASP model as selected by Hayward Community Credit Union.
"With the addition of these new clients, Mercury will be in use at 369 credit unions," said Santo Cannone, senior vice president for FIS' Integrated Financial Solutions division. "Credit union after credit union has found that because of the familiar appearance and navigation, member service representatives become immediately comfortable and efficient, which streamlines training and delivers improved member service."
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions and over 100,000 retailers in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/ .
FIS is a majority-owned subsidiary of Fidelity National Financial Inc. , number 261 on the Fortune 500. More information about FNF can be found at http://www.fnf.com/ .
This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission.
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FCMN Contact: JFleetwood@fnf.com
