AFTECH Press Releases

AFTECH Aligns with Andera to Offer Web-Based New Member Account Opening

Malvern, Pa. June 29, 2005 - AFTECH, a technology provider to credit unions nationwide and a unit of Fiserv, Inc. (Nasdaq: FISV), announced a strategic alliance with Andera, the leader in online account opening technologies. The alliance gives AFTECH Clients the ability to offer new member account opening services via the Internet or with an in-branch model using the Andera New Accounts Online product.

"The competitive environment among today's financial institutions, coupled with the instant gratification capacity of the Internet, makes it essential that credit unions can accept new members on the web," said AFTECH President Joseph Antellocy. "The Andera product brings several efficiencies to the new member process. It moves the application process out of the credit union, saving staff time while speeding up the process for the potential new member. It also addresses fraud and security concerns by matching member I.D. with OFAC and similar lists, while providing marketing opportunities through its cross-sell function."

Many credit unions today are burdened by cumbersome and lengthy enrollment and account opening processes, typically resulting in extensive training and support requirements, as well as dissatisfaction by members and staff. Using Andera's New Accounts Online, AFTECH Clients are able to speed up and streamline the application process, as well as significantly increase the number of new accounts opened and funded with their credit union.

"We are excited to be working with AFTECH and their Client base," said Andera President Charles Kroll. "Integrating New Accounts Online with the AFTECH core processing system was a natural fit and the joint solution is ideal for credit unions looking to improve their account opening process or securely extend it to the Web or other alternate delivery channels."

AFTECH, a unit of Fiserv, Inc., provides the Advantage core processing system to credit unions either through in-house capabilities or as an ASP, as well as best-of-breed Internet member service tools, including aftech@net.

Andera is the leader in online customer acquisition technologies for retail financial institutions. Dedicated to helping banks and credit unions use the Web as a tool for sales and growth, Andera offers a suite of integrated products and services for automated online account opening, funding and cross-selling. Andera is headquartered in Providence, R.I. and can be found on the Internet at www.andera.com.

Fiserv, Inc. (Nasdaq: FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.

Dick McConnell
Director of Marketing
AFTECH
(610) 993-8000

Mike Muckian
Asst. PR Director
Fiserv, Inc.
(262) 879-5966