Banco do Brasil Partners with Fiserv for New Venture

Banking giant to focus on underserved U.S. Brazilian immigrants
BROOKFIELD, Wis.--(Business Wire)--
Fiserv, Inc. (NASDAQ: FISV), a leading provider of information
management systems and services to the financial industry, announced
today a new partnership with Brazilian banking giant Banco do Brasil.
The financial institution has been operating successfully in the U.S.
since 1969, but this year, the $160-billion bank has a new initiative
for its U.S. division, to focus on underserved Brazilian immigrants
through the creation of Federal Savings Bank. Subject to regulatory
approval, the new financial institution will deploy the Premier(R)
core banking system from Information Technology, Inc. (ITI), a
business unit of Fiserv, and pursue an ambitious plan to open five
branches in the coming months. Federal Savings Bank will offer
mortgages and deposit accounts, and will utilize a range of other
Fiserv solutions to enhance their services, including Fiserv Credit
Processing, IPS-Sendero for enterprise risk management, Fiserv EFT for
ATM and debit cards, and Fiserv Lending Solutions.

"We found large pockets of Brazilian immigrants throughout the
U.S. who are not adequately served by existing banking institutions,
mostly because they are primarily Portuguese-speaking," explained
Leonard Whyte, deputy general manager for Banco do Brasil. "This
market is an obvious niche for the bank, and we chose Fiserv and ITI
because they have a strong reputation for supporting clients serving
niche markets. They will be an important partner to us, as we work to
serve the Brazilian community in the U.S., and give immigrants a
financial institution they can call their own."

Since the bank has an enterprising growth plan, scalability was
also a deciding factor in choosing the Fiserv ITI Premier suite and
outsourced processing services through the ITI data center in
Glastonbury, Conn. Available for either outsourced or in-house account
processing, Premier offers products and associated consulting services
for virtually every banking function.

"Opening five branches nearly simultaneously is not a typical
situation," said Whyte. "We obviously need state-of-the-art solutions
able to accommodate such rapid expansion, which is why we selected
Fiserv solutions."

"Banco do Brasil demands high levels of scalability and
integration to accomplish their ambitious growth plan," according to
Mike Young, president of the Fiserv Bank & Thrift Division. "Not only
is Premier the most widely used core banking suite in the nation,
serving financial institutions of all sizes, technology and business
models, but Fiserv delivers a large and comprehensive set of
solutions, all built around a dynamic core and outsourced services."

About Information Technology, Inc. (ITI)

Serving more U.S. banks and savings institutions than any other
vendor, ITI offers several core solutions for either outsourced or
in-house account processing, including the SOA-based Premier(R) and
PCS Vision(TM) suites. The company's highly scalable software and
advanced consulting services support virtually every banking function,
including core accounting, branch and Internet banking, business
intelligence, risk and compliance, remote capture and transaction
management, enterprise business process and content management - all
available on the industry's most popular hardware platforms for
financial institutions of all types and sizes. A business unit of
Fiserv, ITI can be found on the Internet at www.itiwnet.com.

About Fiserv, Inc.

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides
information management and electronic commerce systems and services to
the financial and insurance industries. Leading services include
transaction processing, outsourcing, electronic bill payment and
presentment, investment management solutions, business process
outsourcing (BPO), software and systems solutions. Headquartered in
Brookfield, Wis., the company is the leading provider of core
processing solutions for U.S. banks, credit unions and thrifts. Fiserv
was ranked the largest provider of information technology services to
the financial services industry worldwide in the 2004, 2005 and 2006
FinTech 100 surveys. In 2007, the company completed the acquisition of
CheckFree, a leading provider of electronic commerce services. Fiserv
reported nearly $4 billion in total revenue from continuing operations
for 2007. For more information, please visit www.fiserv.com.

(FISV-G)

Lori Stafford-Thomas
Assistant Vice President Corp. Communications
Fiserv, Inc.
262-879-5130
lori.stafford@fiserv.com
or
David Carden
Senior Vice President, ITI Marketing and Communications
Division
402-421-4211
david.carden@iti.fiserv.com

Copyright Business Wire 2008