Chase Manhattan Bank's announcement last week that it will outsource its check processing operations to Fiserv Inc. has some industry observers speculating as to whether other big banks will soon follow suit. TRENDLINE

Chase's $480 million, 12-year contract with Fiserv, whereby the Milwaukee-based outsourcing firm will take over management of the bank's four New York check-sorting centers and hire its 700 workers, is being seen by some as a bellwether event in the financial-technology business.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.