Fiserv and Bank of America Connect Through Image Exchange

Today, May/Jun 2007

Viewpointe Chosen for Electronic Check Network

Fiserv (www.fiserv.com), the nation's largest third-party check processor, is now exchanging checks with Bank of America, through check image exchange and archive service provider Viewpointe. The agreement enables Bank of America to connect to thousands of endpoints on the Fiserv Clearing Network (FCN), while allowing other Fiserv customers to exchange images directly with Bank of America.

"Fiserv has invested significantly in moving the industry toward full check electronification," said Tom Warsop, Fiserv group president for financial institutions. "By partnering with key industry players such as Viewpointe and Bank of America, and establishing the Fiserv Clearing Network, we can expand our image and clearing services between thousands of our bank clients and other large volume banks."

Fiserv and Viewpointe worked together to develop technology and infrastructure that integrates Viewpointe's Pointe2Pointe solution with the Fiserv Clearing Network, a single source check clearing offering.

"Partnering with critical aggregators like Fiserv not only expands Bank of America's industry leading check image clearing capability, but also dramatically broadens the image exchange landscape for the financial services industry," said John Feldman, image and electronic payment services executive at Bank of America. "Viewpointe is a key partner in our efforts to greatly improve our efficiencies and is committed to bringing exchange partners together for further industry interoperability."

Viewpointe's Pointe2Pointe solution helps financial organizations reduce the financial and logistical burdens associated with processing paper-based checks, while getting started with electronic image exchange.