Louisiana-headquartered IberiaBank is to
implement a full suite of debit solutions from end-to-end business
and technology solution provider, Fiserv, in a bid to reduce
processing and network costs.
IberiaBank will
integrate Fiserv’s debit processing capabilities and enhanced
chargebacks in the process consolidating all of its electronic
funds transfer services from Wisconsin-headquartered
vendor.
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The 226-branch-strong
IberiaBank will also use Fiserv’s Accel/Exchange network as its PIN
debit provider.
“We were looking for a
solution to drive revenue and customer loyalty with debit card
customers,” said Don Ledet, IberiaBank executive
vice-president.
“With the data and
analytics and consulting services from Fiserv that we are
implementing, we fully expect to take our debit portfolio to a
whole new level.”
At the end of fiscal 2010 IberiaBank had
total assets of around $10.6bn. Its growth strategy has
incorporated five FDIC-assisted acquisitions in the past three
years.
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