Welcome to our dedicated page for Fiserv news (Ticker: FISV), a resource for investors and traders seeking the latest updates and insights on Fiserv stock.
Fiserv, Inc. provides payments and financial services technology for merchants, banks, credit unions and small businesses. Company news commonly covers earnings from its Merchant Solutions and Financial Solutions segments, product and platform activity around Clover, account processing, digital banking, card issuer processing, network services, e-commerce, merchant acquiring and payment processing.
Recurring updates also include client deployments such as CashFlow Central in Experience Digital, partnerships that extend card issuance or payment capabilities, expansion of Clover hardware manufacturing, investor presentations and Fiserv Small Business Index data on U.S. sales, transaction and ticket trends.
Fiserv is enhancing fan experiences at the Caesars Superdome, Smoothie King Center, and Champions Square in New Orleans by implementing over 1000 Clover devices. This initiative aims to modernize food and beverage operations and streamline purchasing processes, beginning with the 2022 NFL and NBA seasons. The Clover Sport solution will improve operational efficiencies by providing real-time data insights and enabling contactless, mobile, and self-service purchasing options. The partnership with ASM Global, which manages these venues, is part of a larger multi-year renovation project.
Fiserv, a global leader in payments and financial technology solutions, announced that Frank Bisignano, its Chairman and CEO, will present at the Goldman Sachs Communacopia + Technology Conference on September 12 at 5 p.m. ET. A live webcast and replay will be available on their investor relations website. Fiserv is a member of the S&P 500 and has been recognized among FORTUNE's Most Admired Companies and Fast Company's Most Innovative Companies.
Indian Oil Corporation Limited has partnered with Fiserv (NASDAQ: FISV) to enhance payment experiences across its 15,000+ retail fuel outlets in India. Customers can utilize various payment options, including debit and credit cards, UPI, and digital wallets. This collaboration utilizes Fiserv's Carat platform, enabling advanced analytics and efficient transaction processing. The initiative aims to accelerate digital payment adoption, improving customer experiences and operational efficiency.
Fiserv announces that Great Southern Bank has selected its DNA core processing platform to enhance digital banking and payments. With $5.6 billion in assets, the bank aims to meet growing customer demands for fintech solutions. DNA's open architecture allows integration of innovative services from fintech partners, supporting the bank's expansion plans. Fiserv's ecosystem will enable Great Southern to provide personalized services, adapting to future needs effectively.
Fiserv reported a strong second quarter 2022, with GAAP revenue increasing by 10% to $4.45 billion. This growth is attributed to a 14% rise in the Acceptance segment, 6% in Fintech, and 7% in Payments. GAAP EPS soared by 130% to $0.92. For the first half of 2022, total GAAP revenue reached $8.59 billion, with net cash from operations at $1.81 billion. The company raised its 2022 organic revenue growth outlook to 9%-11% and adjusted EPS to $6.45-$6.55, projecting 16%-17% growth.
Fiserv has partnered with the Georgia Institute of Technology's Financial Services Innovation Lab to enhance understanding of consumer financial health over three years. Funded by Fiserv, this initiative aims to analyze household financial behavior using Fiserv data, thereby informing policymakers, consumers, and small businesses. As U.S. inflation hits a four-decade high, the project focuses on improving financial inclusion and resilience. Researchers intend to provide insights into how economic trends affect consumers and small businesses, advancing Fiserv's mission to better serve its clients.
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Fiserv (NASDAQ: FISV) announces partnerships with Strategic Risk Associates and Moody’s Analytics to enhance data integration and analytics for financial institutions. These collaborations aim to streamline governance and operational risk management by merging systems of record with advanced analytical tools. Financial institutions can expect improved decision-making capabilities through the integration of the SRA Watchtower risk management platform and Moody's Analytics solutions, providing real-time risk intelligence and predictive analysis for better business outcomes.
Fiserv, Inc. (NASDAQ: FISV), a leading financial technology provider, is set to announce its Q2 financial results before market opens on July 26, 2022. A live webcast will take place at 7 a.m. CT on the same day, providing opportunities for stakeholders to gain insights on the company's performance. Fiserv specializes in various technology solutions including payments, digital banking, and merchant processing. The company is a member of the S&P 500 and has received multiple accolades for its innovation and industry impact.
Fiserv, a global provider of payments and financial services technology, was awarded Merchant Acquirer of the Year at the Merchant Payments Ecosystem (MPE) Awards. This recognition is attributed to the successful launch of Carat, an omnichannel commerce platform designed to enhance revenue and optimize costs for businesses. Carat currently processes billions of transactions globally for various retailers, aiding them in adapting to evolving customer payment preferences. The award ceremony took place during the 2022 MPE conference in Berlin, Germany.