The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Fiserv Partners With Eutron to Provide Cash and Logistics Solutions to Romanian Banks and Retailers

Tuesday, March 26, 2013

Fiserv Partners With Eutron to Provide Cash and Logistics Solutions to Romanian Banks and Retailers03:00 EDT Tuesday, March 26, 2013 BROOKFIELD, Wis. (Business Wire) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced a partnership with a Romanian solution integrator, Eutron Invest Romania, to provide the entire Cash and Logistics solution portfolio from Fiserv to the Romanian market. The solution portfolio will primarily focus on the Integrated Currency Manager™ cash management system, Device Manager™ and CorPoint™, the end-to-end cash management system for retailers, but will cover the full spectrum of cash and logistics needs. “Our partnership with Fiserv enables us to deliver a trusted technology platform that will automate communication within the cash cycle,” said Dan Tone, general manager, Eutron. “The partnership will help our clients create cost savings and lead to increased customer satisfaction as a result of improved self-service device availability and industry leading business analytics that assist future business strategy and decisions.” “We chose Fiserv because it is the leading provider of independent multivendor solutions and can offer our clients a potential 20 to 40 percent reduction in cost of cash and transportation via total cost optimization and return on investment within twelve months,” Tone added. “Our partnership with Eutron will help extend our collective product and value added service offerings into the Romanian market,” said David McLaren, business development director of EMEA, Cash and Logistics, Fiserv. “Together, we are meeting the need for comprehensive solutions that can help the financial services industry and retailers in Romania automate processes and optimize costs within the cash management lifecycle.” Fiserv offers integrated currency and self-service device management solutions that reduce costs and optimize efficiencies. Solution areas include currency forecasting, device management, decision support, enterprise track and trace, automated invoice validation and reconciliation and web base business intelligence reporting. Fiserv and Eutron will host a joint event to launch the partnership and introduce the Cash and Logistics solutions to the Romanian market on March 28th at the Crowne Plaza Hotel in Bucharest, Romania. About Eutron Eutron is the first integrator in Romania able to simultaneously provide complex solutions for cash flow management, customer flow management, automatic identification and data capture management, and asset management. This strategic partnership will enable Eutron to deliver leading international Cash and Logistics solutions from Fiserv coupled with its local knowledge and expertise, to Romanian financial institutions and retailers. For more information, visit www.eutron.ro. About Fiserv Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com. FISV-G Media Relations:Julie NixonSenior PR ManagerFiserv, Inc.+1 678-375-3744julie.nixon@fiserv.comorAdditional Contact:Wade ColemanDirector, Public RelationsFiserv, Inc.+1 678-375-1210wade.coleman@fiserv.com