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IBM Australia to provide support to Fiserv in 12-year services contract for 3 Australian banks

  • 06 June, 2005 11:53

<p>Sydney, Australia, 06 June, 2005 – IBM Global Services announced today that it has signed a 12-year IT services contract to support Fiserv, Inc. (Nasdaq: FISV) in its groundbreaking cheque processing agreement with three of Australia’s four largest banks. Fiserv is a leading provider of data and cheque processing services in the US. Implementation work for the contract, worth AU$50M, has already begun.</p>
<p>Fiserv is providing cheque processing services to VIPRO, a consortium of banks. The Commonwealth Bank of Australia, National Australia Bank and Westpac are currently members. Financial institutions using the service will be able to manage the costs of cheque processing more effectively, without making additional capital investments.</p>
<p>IBM Global Services will provide Fiserv with a full range of IT services, covering infrastructure, networks and desktops, as well as application development and management. In addition, IBM will provide e-Business hosting services from its data centres in Baulkham Hills and Cumberland Forest.</p>
<p>Ken True, CEO of Fiserv Solutions of Australia, said, “We believed it was important to leverage IBM’s existing infrastructure rather than create something from scratch.</p>
<p>“IBM is an important partner to us as we do our part to help transform the Australian payments industry.”</p>
<p>Rob Lee , IBM Global Services, said, “By working with Fiserv, IBM can provide a complete solution to meet the specific needs of the Australian financial services sector. IBM is helping Fiserv to create a new operating model for efficiently processing basic, yet essential, financial transactions.”</p>
<p>About IBM Global Services</p>
<p>IBM Global Services is the world's largest information technology services and consulting provider. Some 190,000 professionals in more than 160 countries help clients integrate information technology with business value -- from the business transformation and industry expertise of IBM Business Consulting Services to hosting, infrastructure, technology design and training services. IBM Global Services delivers integrated, flexible and resilient processes across companies and through business partners, enabling clients to save money and transform their businesses to be more competitive. For more information, visit</p>
<p>For further information please contact:</p>
<p>Reuben Young, IBM Communications, 0401 712 676</p>

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