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Friday, January 26, 2007
Contact: Audrey Overton
Moorpark, Calif., January 26, 2007 – LynxGate Solutions, a provider of the CAT ATM management suite, a product of Fiserv, Inc. (NASDAQ: FISV), announced today that San Mateo Credit Union (SMCU) has selected LynxGate’s Controller for Automated Tellers (CAT) solution. SMCU has more than $570 million in assets and a growing network of 18 ATMs—six of those added in the past year. LynxGate’s CAT solution will provide the credit union with advanced ATM management, monitoring and switch gateway capabilities.
“CAT offers fluid expandability,” said Pete Kneisler, SMCU’s vice president of information services. “We can meet our members’ needs quickly and efficiently while controlling costs.”
“Using the marketing capabilities of CAT will help us fulfill our belief that an educated consumer makes wiser financial choices,” Kniesler continued. “We can market directly to each member, helping them attain their specific financial goals. LynxGate’s CAT helps us fulfill our mission of financially educating our members.”
SMCU currently handles in excess of 6.7 million point-of-sale (POS) transactions annually. This volume is expected to rise as they offer more sites and more cross-selling opportunities through the expanded ATM system. CAT will provide the credit union with complete control of their ATM network and strategic growth strategies.
San Mateo Credit Union will install the CAT product suite in 2007.
About San Mateo Credit Union
Headquartered in Redwood City, California, San Mateo Credit Union (SMCU) is a not-for-profit financial cooperative with five branches on the Peninsula. As a community-chartered credit union, SMCU is open to membership to anyone who lives, works or attends school in San Mateo County. Currently, San Mateo Credit Union has 59,000 members and more than $570 million in assets. As one of the leading financial institutions in the San Francisco Bay Area, the credit union’s strength lies in its faithful commitment to its members, its solid, secure history, and its long-standing track record of dedicated service.
About LynxGate Solutions
LynxGate Solutions serves 240 financial institutions and its products currently interface with nine core systems, including those of Fiserv’s XP Systems, Integrasys, USERS Incorporated, CUSA Technologies and Summit Information Systems units. CAT, the primary ATM product offered by LynxGate, deploys next-generation technology for the in-house management of ATM transaction processing. LynxGate markets the CAT product to financial institutions with eight or more ATMs, an estimated benchmark at which financial institutions benefit from driving ATMs in-house.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.
