JACKSONVILLE, Fla. — Fidelity National Information Services Inc. (FIS) has announced three new core processing agreements. The financial institutions, which will convert to FIS' MISER platform, are NJM Bank in West Trenton, N.J., with assets of $550 million; Oregon Community Credit Union in Eugene, Ore., which has $800 million in assets; and Memphis Area Teachers' Credit Union (MATCU) in Memphis, Tenn., with assets of $550 million.
"The addition of these three new core processing customers illustrates the scalability and broad feature functionality of the MISER platform," said James A. Susoreny, executive vice president of FIS. "We look forward to further strengthening these customer relationships and providing each institution with the same high quality service that our customers have come to expect."
The MISER platform, which is available in an online, real-time, memo-post or hybrid environment, was designed to provide financial institutions with increased efficiency, revenue and profitability through its integrated and scalable design. Banks and credit unions currently utilizing MISER range in size from $100 million to $40 billion in total assets.
"As part of our vendor selection process, we sought a strong, collaborative partner and a processing system that will provide us with the flexibility we need to achieve our strategic objectives," said Mandy Jones, chief executive officer of Oregon Community Credit Union. "FIS' strong reputation and MISER's ability to support financial institutions of various sizes were key factors in our decision to change vendors."
"MATCU needed a core processing system that would support our growing commercial lending, residential real estate and student loan portfolios," said Carlos Webb, president and chief executive officer of Memphis Area Teachers Credit Union. "Our move to MISER will improve overall operating efficiency, while enabling us to offer more competitive products and services to our members and the Midsouth community."