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Fiserv reconciliation solution earns 14th consecutive SWIFT certification

September 12, 2013

Financial services tech provider Fiserv has received the 2013 SWIFT "Certified Application for Reconciliation" label for the company's Accurate Reconciliation solution for transaction matching, reconciliation and exception management.

"Fiserv has once again met the stringent criteria set out by SWIFT," said Filip Versluys, head of partner management at SWIFT. "The reaccreditation of Accurate Reconciliation for the fourteenth time shows that Fiserv is serious about its commitment to help customers mitigate risk and increase operational efficiencies throughout their operations."

To be granted renewed accreditation the Accurate Reconciliation solution was required to meet SWIFT criteria linked to the support of messaging standards, services and connectivity needs, which are re-evaluated every year to ensure alignment with market changes.

According to Eric Werab, portfolio director of financial control solutions and financial and risk management solutions at Fiserv, the renewal reflects the company's investment in the Accurate Reconciliation solution to meet the SWIFT FIN message reconciliation needs and support adoption of the ISO20022 SWIFT MX format messages.

SWIFT is a global, member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 FIs and corporations, allowing them to exchange automated, standardized financial information securely and reliably.

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