Chase Manhattan Bank of Connecticut has decided to outsource nearly all of it's check processing operation.
Fiserv Inc., based in Milwaukee, will do the $2.2 billion-asset Connecticut bank's processing in a New Haven data center. The Chase Manhattan Corp. subsidiary generates about 1.9 million items a month.
While Chase, like other money-center banks, generally does its own data processing, it has previously outsourced operations of acquired banks. In late 1991, Chase outsourced the then newly-acquired Connecticut unit's data processing work to International Business Machines Corp. Chase's Arizona bank similarly relies on a unit of Milwaukee-based Marshall & Ilsley Corp.