Fiserv Inc., Brookfield, Wis., recently signed three new contracts for its comprehensive banking system. The Bank of Illinois in Champaign will install the system on an IBM AS/400 midrange computer. The bank has $250 million of assets and more than 30,000 customer accounts. It currently uses applications software on an IBM 3083.
The new system is composed of seven integrated modules: common file, customer information file, general ledger, transaction subsystem, time subsystem, loan subsystem, and collateral subsystem. These modules share common data, giving financial institutions easier access to customer information.