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.
AnnuityNet has been competing for annuity sales systems accounts with Pivot/Info-One, Campbell, Calif., a unit of Wachovia Corp.
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