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ByDesign merges with Clearpoint Credit Counseling Solutions

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ONTARIO, Calif. (5/5/09)--Counseling agency ByDesign Financial Solutions has partnered with ClearPoint Credit Counseling Solutions as of Friday. ByDesign is a business partner of the California Credit Union League. ClearPoint, based in Virginia, is a member of the National Foundation for Credit Counseling. The merger allows California credit unions and those in Nevada to tap into increased counseling opportunities for their members, according to Sylvia Fath, senior vice president of business services with the California and Nevada Credit Union Leagues. ByDesign’s Los Angeles office will become ClearPoint’s Pacific Region office. ByDesign will continue offering in-person counseling and workshops statewide in California. The expanded organization will offer counseling in more than 50 offices in 11 states.

Fiserv looking to international market for growth

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BROOKFIELD, Wis. (5/5/09)--International markets could offer Fiserv Inc. more chances to grow, according to Fiserv President/CEO Jeffrey W. Yabuki. On a conference call last week, Yabuki noted that his company is looking to increase organic growth and indicated that it could seek more acquisitions because the market is saturated (American Banker May 4). Fiserv also is hoping to benefit on Fidelity National Information Service’s acquisition of Metavante Technologies, which is set to close next quarter, Yabuki said. Given today’s competitive landscape, Fiserv had expected that people would ‘come together’ to try and emulate what Fiserv has done, he added. Fiserv bought CheckFree Corp. of Atlanta a year and a half ago. Last week’s conference call focused on Fiserv’s first-quarter earnings, which dropped 69% to $103 million. Revenue dropped 20% to $1.04 billion.