News

Fiserv Portico collects 11 new CUs

The zero-footprint solution has attracted a variety of new users over the past 13 months.

October 9, 2014

Fiserv Inc., a provider of financial services technology solutions, has announced the addition of 11 credit unions to its client portfolio for the Portico account processing solution.

Portico offers CUs a zero-footprint solution that provides powerful account processing without heavy infrastructure requirements, a Fiserv press release said. The solution also features an open architecture that allows for customized integration and applications.

CUs that have converted to Portico over the past 13 months include:

• Domino Federal Credit Union;
• Duluth Teachers Credit Union;
• Family Horizons Credit Union;
• First Kingsport Credit Union;
• Kellogg Midwest Federal Credit Union;
• Porter Federal Credit Union;
• R-G Federal Credit Union;
• Riegelwood Federal Credit Union;
• Southeast Federal Credit Union;
• USE Federal Credit Union; and
• Welcome Federal Credit Union.

Existing Portico clients have demonstrated notable loyalty to the product, the Fiserv release said. Of clients that have converted to Portico over the past 10 years, 99 percent have renewed their relationship with an average contract term of six years.

"With recent signings and conversions, we are delighted to welcome 11 additional credit unions to our Portico account processing solution," said Mark Sievewright, president of credit union solutions at Fiserv. "With more than 360 clients now using Portico, it is a proven solution for credit unions that need robust, powerful and adaptable account processing technology, available in ASP mode."