Carreker-Antinori, Fiserv, National Processing Co., UPS Worldwide Logistics partnership
To remain competitive, banks are often forced to offer a host of services to their corporate customers that they cannot do efficiently themselves.Cash management is no exception. "Often, cash-management services are not money-makers for a bank," says Steve Ward, svp of Fiserv, Inc. The obvious solution is to outsource those services. "Outsourcing continues to be explosive," says George Logemann, director of outsourcing consulting for The Yankee Group. "It's more than a quarter of a trillion dollar market in the United States, and it's growing by about 20 percent each year."