Fiserv has announced that Allegacy Federal Credit Union has selected Fiserv DNA and Verifast in a bid to enhance its core platform as well as its business capabilities. Fiserv’s DNA is a real-time core account processing platform with open architecture whereas Verifast is Fiserv’s biometric solution. According to the supplier, these solutions are expected to be instrumental in simplification of loan originations, reduction of fraud and automation of marketing programs. It will also enhance authentication processes and front-line efficiency.
“We needed a comprehensive solution to support our strategy of expanding commercial and member relationships while providing the efficiency, integration and real-time processing benefits needed to manage our ongoing growth,” said Cathy Pace, president and CEO, Allegacy Federal Credit Union. “In the past five years, we have opened six new financial centres with one more scheduled for this fall. Enhancing our core enables us to continue that growth and better serve our members with an enriched experience, faster service and improved security around their accounts.”
Established in 1967, North Carolina-based Allegacy Federal Credit Union provides personal and business financial services to a membership base including the employees, retirees and families.