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SouthTrust Picks AnnuityNet Technology

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NU Online News Service, July 30, 2:22 p.m. – Fiserv Securities Inc., Brookfield, Wis., a unit of Fiserv Inc., has agreed to use Web-based annuity sales technology from AnnuityNet Inc., Leesburg, Va., to process variable and fixed annuity sales for the securities arm of SouthTrust Corp., Birmingham, Ala., a major southeastern bank holding company.

Fiserv handles transaction-processing services for 13,000 financial-services companies.