Financial outsourcer Fiserv Inc., looking to recalibrate its growth strategy, has begun a program to consolidate its far-flung data processing operations, a company executive told an investors' group last week.

Leslie M. Muma, president and chief operating officer at Milwaukee-based Fiserv, said his company, after acquiring dozens of bank service bureaus over the past six years, was ready to "accelerate the consolidation of our data centers and products."

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