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.
Agilysys, Inc. (NASDAQ: AGYS) has appointed Terrie O’Hanlon as its new Chief Marketing Officer (CMO). With over 25 years of experience, O'Hanlon has led growth marketing strategies for various global technology firms. Her role will focus on enhancing Agilysys' global market presence and revenue growth through targeted marketing initiatives. O'Hanlon's previous roles include CMO at GreyOrange and DefenseStorm, contributing to significant brand advancements. Under her leadership, Agilysys aims to leverage recent investments in modernizing its software solutions.
Fiserv, a global leader in payments and financial technology, will have CEO Frank Bisignano present virtually at MoffettNathanson’s Annual Payments, Processors and IT Services Summit on May 12, 2022, at 10:00 a.m. ET. Investors can access a live webcast and archived replay on Fiserv's investor relations website. Fiserv aims to innovate in various sectors, including digital banking, payments, and merchant processing, and has been recognized by FORTUNE and Fast Company for its excellence and innovation.
The latest research from Fiserv reveals that credit and debit cards are the preferred payment method for consumers across generations. The study highlights that 75% of consumers choose cards for dining and groceries, while 51% opt for credit on purchases over $500. A significant 68% have multiple credit cards, with rewards being a primary selection factor. Notably, digital cards are gaining traction, though 68% still prefer physical cards for security and acceptance reasons. The survey involved 3,007 U.S. adults and emphasizes the importance of consumer control in card management.
Fiserv (NASDAQ: FISV) has been awarded the Omnichannel Provider of the Year for the second consecutive year by The Strawhecker Group. This recognition highlights Fiserv’s robust capabilities in delivering innovative omnichannel solutions through its Carat operating system for large enterprises and Clover POS platform for SMBs. TSG praised Fiserv's advancements in connected car commerce, social media payments, and voice-enabled commerce, showcasing the company's commitment to enhancing the consumer shopping experience.
Affirm has partnered with Fiserv, a global leader in payments technology, to integrate Affirm's services into Fiserv's Carat℠ operating system. This collaboration allows Fiserv's enterprise merchant clients to offer Affirm's Adaptive Checkout™, enabling consumers to select biweekly or monthly payment options at checkout. This move aims to address the increasing demand for buy now, pay later options. Notably, merchants using Affirm have reported up to an 85% increase in average order values. The rollout is set for later this year.
Fiserv has partnered with Affirm, integrating the Buy Now Pay Later (BNPL) option into its Carat system. This collaboration simplifies the adoption of BNPL for businesses of various sizes, allowing them to choose from multiple payment options effectively. Currently, Fiserv offers BNPL through Bread, Synchrony, and Zip, and the Affirm integration will enhance customer payment flexibility. Approximately half of U.S. consumers prefer merchants that provide pay-over-time options, making this integration a strategic move for attracting and retaining customers.
Fiserv is enhancing real-time payment capabilities for financial institutions through a partnership with The Clearing House. This collaboration allows Fiserv's clients to access the RTP network via the NOW Gateway, facilitating services like Zelle® payments and real-time bill payments. The RTP network currently connects over 60% of U.S. bank accounts. Fiserv reports consistent double-digit growth in real-time P2P payments, indicating strong demand for these services.
Outseer has appointed John Filby as its new CEO to lead the company's efforts in combating transactional fraud. Filby brings over 25 years of financial technology experience, previously serving at Global Holdings and Deluxe Corporation (NYSE: DLX). At Deluxe, he led essential FinTech acquisitions that modernized the business, while at Fiserv Inc. (NASDAQ: FISV), he developed successful transactional fraud products. His focus will be on leveraging Outseer’s capabilities to enhance fraud detection and customer service in a dynamic market.
Fiserv, Inc. (NASDAQ: FISV) reported a strong start to 2022, with a 10% growth in GAAP revenue, totaling $4.14 billion. The company achieved an impressive 127% increase in GAAP earnings per share (EPS), reaching $1.02. Organic revenue growth stood at 11%, driven by the Acceptance segment's 20% growth. Adjusted EPS also rose by 20% to $1.40. Despite a decline in net cash from operations to $815 million, Fiserv affirmed its full-year guidance, expecting organic revenue growth of 7% to 9% and adjusted EPS between $6.40 and $6.55.
Fiserv has launched AppMarket, enabling financial institutions to enhance their services with curated fintech solutions. This initiative aims to address opportunities in areas like crypto finance, SMB lending, and more. A survey revealed that 86% of consumers use fintech apps, highlighting the need for banks to innovate rapidly. Financial institutions can leverage AppMarket for faster market entry and to attract younger clients, while fintechs will gain access to thousands of banks. The move reflects Fiserv's commitment to advancing open finance and improving digital customer experiences.