GREENVILLE, Penn.–Bessemer System FCU said it has reached an agreement in a lawsuit it filed against Fiserv alleging a website the company created and hosted for the credit union contained security vulnerabilities and defects.
“Bessemer System Federal Credit Union and Fiserv have amicably resolved their disputes on a confidential basis and agreed to dismiss the litigation between them,” Charles Nerko, counsel to Bessemer System FCU said in a statement to CUToday.info. “Bessemer is unable to comment on Fiserv’s performance.”
As CUToday.info originally reported, BSFCU in early 2019 filed suit alleging the defects in a suit filed in the Court of Common Pleas of Mercer County, Penn.
The Allegations
The lawsuit alleged that Fiserv’s own security review uncovered more than 40 weaknesses in its security, including providing confidential member information to an authorized third-party, placing an invalid return address on member account statements for the biannual verification of accounts, ceasing to update antivirus software, and other issues.