Fiserv Inc. has announced that First National Bank of South Carolina has agreed to use its Precision processing platform as well as other services.
First National, a community bank in Holly Hill, S.C., said it is switching to the Brookfield, Wis., vendor after using an in-house system for 24 years.
"The regulatory scrutiny and risk associated with in-house processing became overwhelming for us," Ron Anderson, First National's president and chief executive, said in a press release Wednesday.
It has also agreed to use Fiserv products and services such as online banking, bill pay and account opening. "First National Bank will create a much better first impression with new customers" by using the account-opening system, Anderson said.
