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Tony Catalfano has been named president of Fiserv CBS Worldwide, a global provider of core account processing to financial institutions and a unit of Fiserv, Inc. (Nasdaq:FISV), to drive the organization's growth.
Catalfano previously was president and chief operating officer of Fiserv EFT, another unit of Fiserv and one of the nation's largest providers of electronic funds transfer processing. In his new role, Catalfano will lead one of Fiserv's primary business lines with more than 280 in-house and outsourced clients in 42 countries.
"CBS Worldwide is an important and vibrant part of Fiserv, offering core banking and related solutions domestically and internationally," said Michael Gantt, president of Fiserv's Bank Systems Group. "Tony Catalfano brings the energy, experience and knowledge necessary to lead this organization to new levels of growth.
"Tony's background in software, operations, process management, project management and general management, as well as his knowledge of Fiserv and international business, make him an outstanding choice to head CBS Worldwide," Gantt added.
Catalfano said his key mission will be to further increase growth both through new sales and acquisitions.
"The vision for CBS Worldwide is to take the lead on Fiserv's global growth," Catalfano said. "CBS Worldwide already has the people, the product suite and the client relationships that give us a strong base to grow - both in the United States and internationally. In the United States, CBS Worldwide has demonstrated strong momentum in the past two years as it led the industry in selling to banks with more than $1 billion in assets. We will continue to push hard on domestic growth while looking for acquisitions and other opportunities to build our offering in international markets."
Catalfano came to Fiserv through its 2002 acquisition of the Consumer Network Services electronic funds transfer business of Electronic Data Systems Corp. Catalfano became president of that unit in 1999. During an extensive career at EDS, Catalfano managed numerous large-scale relationships across the financial institution, health care and insurance industries.
CBS Worldwide is a financial information systems provider serving the global marketplace. More than 280 commercial banks, private banks, finance houses, building societies, credit unions, thrifts and diversified financial companies use CBS technology. CBS Worldwide is on the Internet at www.fiservcbs.com.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004.
Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
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