Genesis Bank Partners With Fiserv to Support Businesses in Low- and Moderate-Income Communities
20 Février 2024 - 2:30PM
Business Wire
Genesis Bank and Fiserv to Offer Clients Clover
POS System With Zero Upfront Costs and Discounted Subscription
Fees
Genesis Bank (“Genesis” or the “Bank”), announced today that
Genesis and Fiserv, Inc. (NYSE:FI) will partner to offer businesses
located primarily in low- and moderate-income (“LMI”) communities
access to Clover point-of-sale (“POS”) technology, with zero entry
costs and significantly discounted subscription fees. The popular
Clover point-of-sale and business management system from Fiserv
enables small- and mid-sized businesses to accept payments and run
their business while also offering capabilities to enhance customer
experience and streamline operations. Genesis Bank is one of only
two diverse multiracial Minority Depository Institutions (“MDI”),
out of nearly 4,600 banks in the U.S.
Stephen H. Gordon, Chairman and Chief Executive Officer of
Genesis Bank, stated, “We are incredibly excited to be partnering
with Fiserv, a leading global provider of payments and financial
technology solutions, to offer this low-cost retail solutions
bundle to small- and mid-sized businesses. As the underlying nature
and complexity of technology continues to evolve, gaining access to
advanced POS systems has become essential for businesses to
effectively operate, compete, and grow. As one of only two diverse,
multiracial MDIs in the U.S., Genesis Bank recognizes cost burden
as being a significant barrier to gaining access to such essential
technology, especially for the diverse small business owners and
entrepreneurs that have historically been underserved. Accordingly,
we believe this affordable Clover offering will further support our
mission to make an impact in the diverse, entrepreneurial LMI
communities we serve across Southern California. Additionally, we
applaud the efforts of Fiserv to stand by their community
commitments and believe this partnership will extend our collective
reach into those businesses in need of such essential
technology.”
Neil Wilcox, Head of Corporate Social Responsibility at Fiserv,
stated, “Fiserv is committed to innovation and accessibility, and
we’re proud to partner with Genesis Bank to provide critical
financial technology resources to the businesses that play a
meaningful role in creating the vibrant and entrepreneurial
communities that comprise Southern California, the second largest
and most diverse demographic in the U.S.”
Wilcox continued, “Throughout our long-standing history with the
Genesis leadership team, they have always exhibited an
entrepreneurial spirit and commitment to community, which aligns
with the culture and core values of Fiserv. Our shared commitment
inspired the rollout of this unique partnership, and we look
forward to building upon the community impact of each of our
institutions.”
Small businesses interested in learning more about accessing
Clover with zero entry costs can visit
https://www.mygenesisbank.com/cloverbundle.
About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move
money and information in a way that moves the world. As a global
leader in payments and financial technology, the company helps
clients achieve best-in-class results through a commitment to
innovation and excellence in areas including account processing and
digital banking solutions; card issuer processing and network
services; payments; e-commerce; merchant acquiring and processing;
and the Clover® cloud-based point-of-sale and business management
platform. Fiserv is a member of the S&P 500® Index and has been
recognized as one of Fortune® World’s Most Admired Companies™ for 9
of the last 10 years. Visit fiserv.com and follow on social media
for more information and the latest company news.
About Genesis Bank
Genesis Bank is a California state chartered commercial bank,
organized by a group of highly experienced and successful bankers,
investors, and business professionals. The Bank focuses on serving
the financial needs of small to mid-sized businesses and owners,
and investors in income-producing multifamily and commercial real
estate located in the Bank’s Target Markets of Los Angeles, Orange,
Riverside and San Bernardino Counties, California. Additionally,
Genesis Bank is designated by the FDIC as a Minority Depository
Institution (“MDI”), and is one of only two diverse, multi-racial
MDIs in the U.S., out of approximately 4,600 banks. The Bank is
powered by GenTeckSM, a groundbreaking combination of best-in-class
technologies, which are tightly integrated to give clients a
seamless, digital first, and transparent experience. The Bank’s
products, services, and solutions primarily include traditional
commercial business, Small Business Administration (SBA), income
property, and owner-occupied commercial real estate loan and
deposit products, as well as treasury management, escrow, and
Section 1031 exchange services and solutions. Genesis Bank is
headquartered in Orange County, California, and can be found online
at www.mygenesisbank.com. Genesis is an Equal Housing Lender and
Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240220276692/en/
Will Han Executive Vice President, Chief Financial Officer
Genesis Bank E-mail: whan@mygenesisbank.com Phone: 949-273-1226
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