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Johnson Bank picks Fiserv for trust and custody billing platform

Wednesday 7 April 2010 13:46 CET | News

US financial services provider Fiserv has entered a partnership with Johnson Bank, a subsidiary of Johnson Financial Group to offer the latter access to its Advantage Fee service.

According to the agreement, Johnson Bank is set to move all trust and custody billing for its Trust and Investment Management division on Fiserv’s Advantage Fee in order to conduct all fee activity from a single platform. The adoption of Fiserv’s service will enable Johnson Bank to have one central point where debit fees for multiple accounts are automatically calculated, adjusted and debited, all contributing to an accelerated rate of revenue collection.

The Johnson Financial Group is a US-based financial services company that offers financial solutions in the areas of banking, trust, insurance, investments and leasing.
 


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Keywords: Fiserv, Johnson Bank, Advantage Fee, trust and custody billing, payments general
Categories: Payments & Commerce
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Countries: World
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