Fiserv Inc. said Monday that American Bank of Texas in Sherman has begun using its ReserveLink deposit reclassification system.
ReserveLink sweeps funds from transaction accounts, where they do not earn interest, into nontransaction accounts, where they do.
The bank replaced a system that had broken and that its vendor no longer supported.
"We needed a replacement and we needed it implemented quickly," Rich Bateman, American Bank's core systems administrator, said in a Fiserv press release. ReserveLink helped us "to immediately optimize our reserves and automate our deposit reclassification process."
