Fiserv Inc Stock Price, News & Analysis

Fiserv has launched the Clover Station Solo, an all-in-one point-of-sale solution aimed at helping full-service restaurants streamline operations in a post-pandemic environment. This device facilitates management of front and back of house tasks, allowing restaurants to efficiently handle in-person and online orders, employee scheduling, and sales tracking. As the restaurant industry recovers, Clover Station Solo aims to address ongoing challenges like rising labor costs and supply chain issues, processing $180 billion in annual payment volume.

Fiserv, a top provider of payments and financial services technology, reported a 17% increase in GAAP revenue to $4.05 billion for Q2 2021. The Acceptance segment grew by 36%, while Fintech and Payments segments grew by 6% and 8%, respectively. GAAP earnings per share rose from $0.00 to $0.40 in Q2. For 2021, Fiserv raised its revenue and EPS outlook, anticipating 10%-12% internal revenue growth. The company also launched enhanced digital banking solutions and initiated a joint venture with Deutsche Bank in Germany.

Fiserv, Inc. (NASDAQ: FISV) has launched enhanced Fiserv Digital capabilities aimed at improving integrated digital banking and card management for financial institutions. The new mobile-first suite, integrating recent acquisitions OnDot and SpendLabs, provides features like instant card issuance and enriched spending insights. CEO Frank Bisignano highlighted this innovation as critical for meeting customer demands for seamless digital experiences. The enhancements will also unify expense management platforms, benefiting both consumer and business customers.

Fiserv has announced the integration of Vesta's fraud prevention solution into its e-commerce payment gateway in Mexico. This partnership aims to reduce fraud-related chargeback risks for online merchants. The Vesta platform offers a 'Zero Chargeback Guarantee' and aims to enhance transaction approval rates, addressing the growing concern of Card Not Present (CNP) fraud, which cost retailers $35.5 billion globally in 2020. With a goal to reach over 30,000 Mexican businesses, this initiative underscores Fiserv's commitment to providing advanced technology solutions for enhanced online security.

Fiserv (NASDAQ: FISV) will announce its second quarter financial results on July 27, 2021, before the market opens. A live webcast discussing the results will be held at 7 a.m. CT on the same day. Investors can access the webcast and supplemental financial information on Fiserv's investor relations website. The company is recognized as a leader in payments and financial technology solutions, focusing on innovation in areas such as account processing, digital banking, and merchant processing.

Fiserv, Inc. (NASDAQ: FISV) has completed its first payment transaction under its newly signed merchant acquiring services agreement with Caixa Econômica Federal (CAIXA). The transaction occurred at Panificadora Santiago in Samambaia (DF) using CAIXA's point-of-sale terminal. This partnership aims to expand payment acceptance capabilities across Brazil's largest financial distribution network, which includes 4,160 branches. The agreement, lasting until 2040, allows for card transactions and proximity payments through mobile devices, enhancing merchant services in the region.

Fiserv (NASDAQ: FISV) announced key executive appointments aimed at enhancing client value and sustaining growth. Guy Chiarello is promoted to Chief Operating Officer effective June 24, 2021, leveraging 30 years of experience in banking and technology. Suzan Kereere joins as Chief Growth Officer on July 6, 2021, focusing on enterprise strategy and business development. Adam Rosman returns on July 26, 2021, as Chief Administrative Officer and Chief Legal Officer, overseeing legal and compliance efforts. These appointments are expected to strengthen Fiserv's leadership team and service innovation.

Fiserv (NASDAQ: FISV) has partnered with NYDIG to enable consumers to manage bitcoin transactions through their financial institutions' banking platforms. This integration allows banks and credit unions to offer services that let customers buy, sell, and hold bitcoin, aiming to meet the rising demand for cryptocurrency services. First Foundation Bank is among the financial institutions already implementing these capabilities. The partnership is seen as a strategic move to enhance customer engagement and generate non-interest income opportunities.

Deutsche Bank and Fiserv announced a joint venture to provide comprehensive payment acceptance and banking solutions for small and medium-sized enterprises (SMEs) in Germany. This venture aims to assist SMEs in adapting to a post-Covid marketplace by offering integrated digital and in-person payment solutions, including Fiserv's Clover® platform. The initiative is expected to launch with several thousand clients and targets around 800,000 SMEs under Deutsche Bank's brands. The collaboration promises reduced costs and complexity, making it a unique offering in the German market.