Salt Lake City-based Zions Bancorporation completed the roll out of new electronic check re-presentment and reporting capabilities to its business customers.
The service, powered by Brookfield, Wis.-based Fiserv's Check Recovery Services product, is delivered free to Zions' corporate customers and could help mitigate check fraud and loss.
"We looked at several check recovery solutions and chose Fiserv because of the robustness and flexibility of the service," said Debbie Innes, executive vice president, Zions Bancorporation. "Plus, we have a long-standing relationship with Fiserv and know we can count on them to provide the level of service and commitment we require at Zions."
Zions Bancorporation ($51.6 billion in combined assets) operates eight bank brands across 10 western and southwestern states. It also uses Fiserv products for account processing, bill payment, ACH processing, cash supply chain management, risk and compliance, and remittance.
"Check Recovery Services from Fiserv will relieve Zions Bancorporation business customers of the time-consuming and costly burden of collecting returned checks, freeing up needed cash flow for their businesses," said Ken Patrick, managing director of Revenue Enhancement Solutions at Fiserv. "Additionally, Zions has decided to offer Check Recovery as a free service to its business customers, providing more value to those customers and helping to deepen those relationships."