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, a leading provider of payments and financial services technology solutions, announced that CEO Frank Bisignano will present at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 10:55 a.m. CT. The presentation will be available via live webcast and archived replay on the investor relations section of the Fiserv website. Fiserv is recognized for its innovation in digital banking, payments, and processing solutions, and is a member of the S&P 500 and FORTUNE 500.
Fiserv, Inc. (NASDAQ: FISV) has completed its acquisition of BentoBox, enhancing its Clover dining solutions. This strategic move aims to benefit nearly 200,000 restaurants by providing advanced business management capabilities. BentoBox supports over 7,500 restaurant concepts globally, offering tools for websites, online ordering, and events management. The integration enables a modern restaurant experience by connecting online and on-premise operations.
According to a recent white paper from Fiserv, conducted by Javelin Strategy & Research, consumers recognize the benefits of real-time payments but are unclear on the concept and its availability. The study reveals that 60% of consumers doubt the instantaneous nature of real-time payments, while 44% mistakenly believe nonbank apps offer instant access through bank accounts. The paper suggests financial institutions educate consumers on real-time payment options and enhance their services to capture market opportunities.
Bank of Queensland (BOQ) is enhancing its debit card services through a collaboration with Fiserv (NASDAQ: FISV). The migration to the FirstVision platform allows customers to add cards to digital wallets and use wearables for payments. This cloud-based solution supports rapid service addition and scalability, crucial for adapting to market demands. The partnership aims to improve customer experience and streamline card management for both physical and digital cards. Executives emphasize the importance of instant and reliable payment capabilities in today's fast-paced financial landscape.
Fiserv, a global leader in payments and financial technology, has announced that President and CEO Frank Bisignano will present at Citi’s 2021 Annual FinTech Conference on November 15, 2021, at 1:30 p.m. ET. Investors can access a live webcast and an archived replay of the presentation on the investor relations section of the Fiserv website.
As a member of the S&P 500 and FORTUNE 500, Fiserv focuses on innovation in account processing, digital banking, payments, and more.
The Milwaukee Bucks, Fiserv, and Nancy Lieberman Charities unveiled a new Dream Court™ in Sherman Park, Milwaukee, enhancing community resources for youth. The court, measuring 50-by-84 feet, features advanced PowerGame™ flooring, promoting teamwork and character development among local children. This initiative supports Fiserv's commitment to the community, which also includes the Back2Business program aiding minority-owned businesses. Approximately 3.6 million youth benefit annually from such Dream Courts across the U.S. This collaboration aims to uplift the local community through sports.
Fiserv reported strong financial results for Q3 2021, with GAAP revenue up 10% at $4.16 billion and GAAP EPS increasing by 64% to $0.64. Internal revenue growth was 10% for the quarter and 11% year-to-date. Adjusted EPS rose 23% to $1.47 in Q3 and 29% to $4.01 for the first nine months. The Acceptance segment led growth with an 18% increase. The company tightened its 2021 outlook for internal revenue growth to 11% and adjusted EPS to between $5.55 and $5.60. Fiserv is set to acquire BentoBox to enhance its Clover® platform. Free cash flow was $2.29 billion year-to-date.
Fiserv (NASDAQ: FISV) has launched Credit Choice, a digital-first credit card solution aimed at empowering financial institutions. This initiative simplifies card issuance for banks and credit unions, helping them maintain customer relationships without the complexities of direct card management. Credit Choice includes program management, compliance, and risk components, providing a seamless digital experience for cardholders. It integrates credit and debit functions for a cohesive user experience, supporting smaller firms in competing effectively against larger issuers.
Fiserv, a global leader in payments technology, has announced a strategic partnership with Bakkt, a digital asset platform. This collaboration will integrate Bakkt's capabilities into Fiserv's Carat ecosystem, enabling businesses to utilize digital assets for B2B and B2C transactions. The partnership aims to enhance consumer experiences by facilitating crypto transactions and integrating digital assets into merchant offerings, while providing Fiserv's financial institution clients with Bakkt's technology for managing crypto assets.
On October 21, 2021, Early Warning Services and Fiserv announced a partnership to provide real-time payments via Zelle to minority depository institutions (MDIs). Eligible MDIs can receive rebates for participating in this initiative, aimed at enhancing financial services access for underserved communities. Banesco USA is the latest MDI to join the Zelle Network, allowing its customers to use Zelle for fast money transfers. This collaboration is part of Fiserv's commitment to diversity and inclusion in financial services, enabling better financial management for historically underserved populations.