Fiserv is not the only company the CFPB ordered to provide anonymous data pertaining to overdraft programs – the Jacksonville, Fla.-based FIS has received the same request, the company revealed.
Like the Brookfield, Wis.-based Fiserv, FIS, which provides banking and payments technology to financial institutions, issued a statement assuring its clients that all data provided would be anonymous.
"FIS is participating with the CFPB in their overdraft market study," the company said. "FIS has anonymized all of the data we have provided the CFPB, which means no FIS clients or FIS client customers are identified in the data we have shared with the CFPB."
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
