Bank of Botetourt Chooses Fiserv Account Processing

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Bank of Botetourt in Buchanan, Va., has chosen Fiserv's account-processing system.

The $320 million-asset bank will use Fiserv's Precision system along with the vendor's online banking, bill payment, mobile banking and remote deposit capture offerings, the financial technology firm said Monday. For its business clients, the bank will implement Fiserv's systems for wire transfers and image check capture.

Bank of Botetourt had been processing its accounts in-house before choosing Fiserv.

"The Precision platform and Fiserv integration from multiple access points will help us virtually eliminate data-entry errors and free up staff time to serve customers," Andrew Shotwell, Bank of Botetourt's senior vice president of operations, said in the news release. "Our move to outsourced processing will enable us to move additional people from the back office to the front line."

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