Fiserv Acquires Electronic CheckPresentment Provider

October 19, 2004, 1:00 a.m. EDT 1 Min Read

BROOKFIELD, Wis. - (10/19/04) -- Fiserv Inc. announced Monday it hasacquired CheckAGAIN LLC., a Herndon, Va., provider of electroniccheck presentment services, as part of its plan to expandelectronic check processing. CheckAGAIN uses automated checkclearinghouse transactions to electronically re-present returnedchecks, primarily for major retailers. The company has developed aproprietary system for electronically recovering checks that werereturned because of insufficient funds. Terms of the deal were notdisclosed.

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