Brookfield, WI
October 18, 2004

Fiserv, Inc. (NASDAQ:FISV) has acquired CheckAGAIN, LLC, a provider of electronic check re-presentment services, in a move to expand its abilities in electronic check processing. The acquisition will contribute approximately $15 million in annualized revenues. The purchase price was not disclosed.

Fiserv already is the nation's largest third-party processor of checks. With the added capabilities from CheckAGAIN, Fiserv will be able to expand its services into a fast-growing, complementary market and cross-sell a valuable service to its financial institution clients.

"We are at the crossroads of a major change in the way that checks are processed," said Leslie M. Muma, Fiserv president and chief executive officer. "After decades of moving paper all across this country, we are driving very quickly toward converting the paper to electronic transactions. The addition of CheckAGAIN will enable Fiserv to continue to enhance our leadership in the conversion of checks to electronic transactions."

CheckAGAIN uses automated clearinghouse (ACH) transactions to electronically re-present returned checks, primarily for major retailers. The company has developed a proprietary system for electronically recovering checks that were returned because of insufficient funds. With CheckAGAIN's services, businesses are able to dramatically reduce the costs associated with check recovery.

Mark Damico, president of the Fiserv Item Processing Group, said Fiserv sees great potential with the addition of CheckAGAIN.

"The vast majority of returned checks are still processed using paper," Damico said. "However, as checks continue to decline in volume and as more checks move toward electronic processing, we can provide our clients a very valuable service by offering electronic processing of returned checks through CheckAGAIN."

CheckAGAIN is based in Herndon, Va., and provides services to more than 400 clients. The company's employees, including Chief Operating Officer Don Bauernfeind, are expected to join Fiserv.

"CheckAGAIN's ACH processing offerings and our future Check 21 service are a natural extension to Fiserv's products," Bauernfeind said. "Being a part of Fiserv will allow us to accelerate our growth in the retail and banking industries."

About CheckAGAIN

Established in 1998, CheckAGAIN uses innovative technology to simplify and improve the recovery process on returned checks for merchants. The widely used system helps businesses nationwide increase their recovery on return checks, while lowering associated transaction fees. CheckAGAIN assists consumers by significantly reducing inconveniences normally associated with resolving misunderstandings due to returned checks. CheckAGAIN is on the Internet at www.checkagain.com.

About Fiserv

Fiserv, Inc. (NASDAQ:FISV) provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com.