| Fiserv Implements Avalon's ImagePoint Solutions for Check21
ATLANTA, Ga., February 13, 2007-Avalon International announced today that
Fiserv, Inc. (NASDAQ: FISV) has agreed to implement Avalon's recently released
ImagePoint product suite for the Fiserv Image Check Item Processing System
(IPS). This new agreement includes an upgrade from the currently installed
ImagePro software from Avalon used by Fiserv IPS. The ImagePoint software's
increased functionality will be an integral part of Fiserv's expanded
processing and service offerings in the Check 21 environment.
"We selected Avalon's solution because of its flexible nature" said John
Drahan, Technology Executive, Fiserv's Item Processing Transformation Group.
"Additionally, we remain impressed with their commitment to quality and
service," Drahan added.
"Avalon is proud to partner with Fiserv" said Seth Narayanan, President and CEO
of Avalon International. "This is a major milestone for Avalon and a validation
of its strategy, products and technology".
ABOUT AVALON INTERNATIONAL INC.
Founded in 1991, Avalon International is a fast-growing provider of software
products for the Check21 marketplace. Combining intellectual capital with
precision thinking and relentless execution skills, the company delivers
unique, powerful and reliable software solutions. Its flagship product
ImagePoint, built for Check21 from the ground up using Microsoft .NET, Web
Services and uses SQL Server and Oracle. Avalon combines today's technology and
the latest in regulatory advances in banking to deliver a set of powerful
solutions to its customers. The company is headquartered in Norcross, GA. For
more information, call 888-21-AVALON or visit its Web site at www.avalonintl.com.
ABOUT FISERV, INC..
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information
management systems and services to the financial and health benefits
industries. Leading services include transaction processing, outsourcing,
business process outsourcing (BPO), and software and systems solutions. The
company serves more than 17,000 clients worldwide and is the leading provider
of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv
was ranked the largest provider of information technology services to the
financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100
surveys. Fiserv Health provides health plan management, pharmacy benefits
management and BPO services to the managed care market and self-funded
commercial and government employers and health plans. Headquartered in
Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for
2006. For more information, please visit www.fiserv.com. |