Fiserv Extends Loan Processing and Private Label Credit Relationship With John Deere Financial
OREANDA-NEWS. Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that it has renewed its contract with John Deere Financial, the global financial services division of Deere & Company, to continue providing their revolving credit card processing for another 10 years. The new agreement extends a relationship with Fiserv that began in 2000.
Fiserv will continue to support John Deere Multi-Use Account loans, which assist with the growing season procurement needs of its clients. Fiserv will also provide complete lifecycle management for the John Deere closed-loop credit card portfolio that enables accountholders to make purchases at franchise- or factory-owned John Deere store locations.
"John Deere is an iconic American company, and its revolving credit products are vitally important to their customers — who play a pivotal role in the economic well-being of our nation. We are excited to continue delivering these important payment services, which provide John Deere customers with speed and convenience they need to live and work today," said Vincent Brennan, president, Card Services, Fiserv.
Fiserv, Inc. (NASDAQ: FISV) enables clients to achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more than 30 years, Fiserv has been a leader in financial services technology, and today is among FORTUNE® magazine's World's Most Admired Companies and Forbes magazine's America's Best Employers.