Welcome to our dedicated page for Fiserv news (Ticker: FI), a resource for investors and traders seeking the latest updates and insights on Fiserv stock.
Fiserv, Inc. (NYSE: FI) is a Fortune 500 payments and financial technology company whose news flow reflects its role across banking, merchant acquiring, digital assets and data-driven insights. Company announcements frequently emphasize its position as a global leader in payments and financial technology, with offerings that span account processing and digital banking solutions, card issuer processing and network services, payments, e-commerce, merchant acquiring and processing, and the Clover® point-of-sale and business management platform.
News about Fiserv often covers financial results and guidance, including quarterly earnings releases that discuss performance in its Merchant Solutions and Financial Solutions segments and outline initiatives such as the One Fiserv action plan. Investors and analysts can follow updates on organic revenue growth, segment trends, capital allocation decisions, and new debt offerings through these releases and related SEC filings.
Another key theme in Fiserv news is product and platform innovation. Recent announcements include Content Next™ from Fiserv, a multi-tenant, cloud based content management and workflow solution developed with OpenText, and the Fiserv digital asset platform, which supports FIUSD stablecoin and state-level initiatives like North Dakota’s Roughrider coin. These stories highlight the company’s focus on AI-enabled workflows, digital assets, and operational modernization for financial institutions.
Fiserv’s news feed also features merchant and small business initiatives, such as the Clover x Shark Tank Summit and the Fiserv Small Business Index®, which uses transaction data from approximately 2 million U.S. small businesses, including many using Clover. Capital markets updates, including the planned transfer of Fiserv’s stock listing from the New York Stock Exchange to Nasdaq and new senior notes offerings, provide additional context for market participants.
By monitoring this page, readers can follow Fiserv news on earnings, strategic plans, digital asset developments, small business trends, and listing or financing activities in one place.
The Fiserv Small Business Index™ for July 2024 shows a rebound in consumer spending at small businesses. The index rose to 141, with small business sales growing 3.5% year-over-year and 1.3% month-over-month. Key highlights include:
- Retail sector saw strong growth, with the national Retail index rising to 146
- Restaurant sales declined 1.6% annually and 3.1% monthly
- Professional, Scientific, and Technical Services experienced significant growth (15.2% YoY)
- Specialty Trade Contractors saw increased demand, with 5.7% YoY sales growth
The report indicates shifting consumer spending patterns and potential pricing relief in some sectors, providing valuable insights for small businesses and the broader economy.
Fiserv (NYSE: FI) reported strong Q2 2024 results, with GAAP revenue growth of 7% both in the quarter and year-to-date. GAAP EPS increased 39% in both periods. The company achieved organic revenue growth of 18% in Q2 and 19% year-to-date, while adjusted EPS rose 18% in both timeframes.
Key highlights include:
- Q2 GAAP revenue: $5.11 billion
- Q2 GAAP EPS: $1.53
- Q2 Adjusted EPS: $2.13
- Q2 Organic revenue growth: 18% (Merchant Solutions: 28%, Financial Solutions: 8%)
Fiserv affirmed its 2024 organic revenue growth outlook of 15-17% and raised its adjusted EPS outlook to $8.65-$8.80, representing 15-17% growth.
Fiserv (NYSE: FI) will release its second quarter financial results on July 24, 2024, before the market opens. The company, known for its payments and financial services technology solutions, will hold a live webcast at 7 a.m. CT on the same day to discuss the results. Investors can access the webcast and supplementary financial information on the Fiserv website under the investor relations section. A replay will be available approximately one hour after the webcast concludes.
The Fiserv Small Business Index for June 2024 shows a decline to 140, reflecting a slowing pace in small business growth. Year-over-year, small business sales increased by 1.6% and transactions by 4.4%, but month-over-month, sales fell by 2.9% and transactions by 1.5%. Retail sales saw mixed results, with general merchandise up 8.5% yearly but significant monthly declines in categories like gasoline stations (-4.5%) and health/personal care (-7.2%). Restaurant sales grew 3.6% annually but declined 1.2% monthly. Other sectors like professional services and specialty trade contractors experienced slower growth. Fiserv attributes the slowdown to inflation reduction and seasonal demand shifts.
Fiserv, a global provider of payments and financial services technology solutions, has announced the appointment of Takis Georgakopoulos as Senior Advisor, Executive Vice President, and a member of the Management Committee, effective September 3, 2024. Georgakopoulos brings extensive experience in payment solutions and merchant services, having served as the Global Head of Payments at J.P. Morgan. He also has a background as a partner at McKinsey & Company, where he advised major banks and asset managers. Fiserv's CEO, Frank Bisignano, emphasized that Georgakopoulos’s expertise will contribute to delivering top-notch technology and client outcomes.
Fiserv's Small Business Index for May 2024 highlights modest growth in small business sales amidst shifting consumer spending patterns. The index held steady at 145, with small business sales growing 4.3% year-over-year and 0.2% month-over-month. Foot traffic increased by 5.2% year-over-year but dropped 0.5% compared to April. The data reveal a shift towards non-discretionary spending, with notable growth in grocery store purchases over restaurants. Retail spending was flat, with gains in categories like Food & Beverage (+2.1%) and slight declines in General Merchandise (-0.4%) and Auto Parts (-0.9%). Service categories showed mixed results, with Professional Services up 13.5% year-over-year but down 0.7% month-over-month, while Truck Transportation saw a robust 4.0% month-over-month growth.
Monex USA has announced its integration with Fiserv's Payments Exchange, enhancing international payment options for financial institutions. This collaboration allows financial entities using Payments Exchange to partner with Monex USA for foreign exchange wire transfers. The integration supports straight-through processing and paperless transactions, simplifying global payments. Mike Rockouski, Managing Director at Monex USA, highlighted the enhanced service offerings for their clients. Additionally, Mark Hill emphasized the automation of complex processes, which boosts customer relationships and expands client bases. This integration links Payments Exchange with multiple global financial networks, offering a streamlined and efficient payment solution.
Fiserv, a global leader in payments and financial services technology, announced its participation in two major investor conferences. CEO Frank Bisignano will present at the Baird Global Consumer Technology and Services Conference on June 4 at 7:55 a.m. ET, and the Mizuho Technology Conference on June 12 at 9:15 a.m. ET. Interested parties can access live webcasts and archived replays through the investor relations section on Fiserv's website.
Fiserv has launched Fiserv University, an expanded training and consulting program aimed at enhancing the productivity of financial institutions through technology optimization. The program offers role-specific learning, solution-specific training, and customized consulting services. Delivery options include in-person, on-demand, virtual, and onsite engagements. A key feature is the Performance Scorecard, which provides data insights to help institutions choose the most effective educational resources. Intracoastal Bank has already benefited from the program, improving operational efficiency and technological knowledge. The initiative aims to equip financial institutions with the skills needed to adapt in a fast-paced tech environment.
Fiserv, a global provider of payments and financial services technology, will be presenting at investor conferences with their CEO, Frank Bisignano. The conferences include Barclays Emerging Payments & Fintech Forum on May 16 and J.P. Morgan Global Technology, Media & Communications Conference on May 21.