Magazine article American Banker

Fiserv Readies Option in Cash Management for Midrange System

Magazine article American Banker

Fiserv Readies Option in Cash Management for Midrange System

Article excerpt

Working with nearly a dozen banks, Fiserv Inc. is developing a cash management option for its Comprehensive Banking System division.

The new option should be ready for testing by the first quarter of 1994, according to those involved with the development project.

The Comprehensive Banking System is an integrated banking software package designed for the AS/400 line of midrange computers from International Business Machines Corp.

In designing the new software, Fiserv enlisted the aid of a number of the system's current users to make suggestions as to what features the product should incorporate, as well as assist in creating its look and feel.

ufbr A Variety of Functions

The new software "has everything you could possibly ask for in a cash management program," said Tony Dillion, deposit delivery services manager for Old National Bank, the $1.1 billion-asset lead bank of Old National Bankshares, a $3.9 billion-asset holding company based in Evansville, Ind.

According to Mr. Dillion, those features currently include balance reporting, funds transfer, account reconciliation, stop payments, batch processing for automated clearing house transactions, and automated report generation.

|Some Cosmetic Advantages'

There are actually two components to the Comprehensive Banking System cash management software - customer software that runs on personal computers using Microsoft Windows, along with the portion that runs on the AS/400.

Because the client portion of system runs on a Windows-based PC, "it has some cosmetic advantages over what's currently out there," Mr. …

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