Search
 

Fiserv Launches Online Educational Program to Help Prepare for Check 21

BROOKFIELD, Wis. - Fiserv's credit union and banking clients process more than 4.2 billion checks a year through its 50 outsourcing processing centers, so the company figures it might as well help everyone handle the changes wrought by Check 21. An online preparedness program, addressing staff education and customer notification...

By Staff Writer | Updated on June 29, 2004

BROOKFIELD, Wis. – Fiserv’s credit union and banking clients process more than 4.2 billion checks a year through its 50 outsourcing processing centers, so the company figures it might as well help everyone handle the changes wrought by Check 21. An online preparedness program, addressing staff education and customer notification and awareness, is now available through the Fiserv Resource Center at www.fiservrc.com. It will be updated after the Federal Reserve publishes final rules in July in advance of the Oct. 28 implementation of the Check 21 law. The company already has hosted more than 2,000 financial institution managers at Check 21 seminars across the country but says more support is needed. Recent studies show that most businesses and consumers know little or nothing about the new law, said Norm Balthasar, Fiserv’s senior executive vice president and chief operating officers. “Financial institutions exist to serve their customers, so our program will include many tools for banks, savings institutions and credit unions to educate that important audience,” he said. “We have learned from talking with our clients that most still have quite a bit of work remaining to get ready for this new era in check processing,” Balthasar added. “We hope, through this program, to ease the transition and to give financial institutions the confidence that they are doing the right things to get ready for Check 21.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.