Canada's Largest Financial Cooperative Desjardins Selects Fiserv to Power Its Credit Card Processing

Desjardins Group, the largest financial cooperative in North America, will transition its credit card processing to Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. 

By streamlining management of consumer card, commercial card, prepaid card, and business lines of credit portfolios onto a single unified platform, Fiserv is enabling Desjardins to create synergies across products and power innovative new offerings for its consumer members and business clients.

Fiserv will support Desjardins' rapidly growing credit card portfolio, allowing Desjardins to expand existing digital and mobile-first capabilities to create a cohesive, real-time experience that includes push provisioning, self-servicing, and digital solutions for Desjardins members and clients.

Fiserv will also provide end-to-end credit processing functions for Desjardins, including core card processing, fraud detection, risk management and ancillary services. 

"As Desjardins modernizes for the future we're enhancing our card platform to continue to deliver a best-in-class experience for our members, clients, and employees," said Yann Jodoin, VP Payment & Retail Chief Product Officer at Desjardins. "Fiserv investments in digital innovation are allowing us to deliver new digital capabilities."

Desjardins will be the first large-scale issuer deployment for Fiserv in Canada.

"We look forward to working with Desjardins as our flagship card issuing client in Canada, and bringing our leading, modern capabilities which will enable Desjardins to best serve their loyal members and clients," said Andrew Gelb, Head of Issuer Solutions at Fiserv.