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. (NASDAQ: FISV) generates a steady flow of news related to payments technology, financial services platforms, AI initiatives, and merchant solutions. As a Fortune 500 and S&P 500 company, Fiserv regularly announces collaborations, product enhancements, acquisitions, and data insights that affect financial institutions, merchants, and the broader commerce ecosystem.
Recent announcements highlight Fiserv’s focus on AI-driven innovation, including a strategic collaboration with Microsoft to embed AI into Fiserv development platforms and deploy Microsoft 365 Copilot and Microsoft Foundry across its workforce. News items also cover Fiserv’s role in agentic commerce through partnerships with Visa and Mastercard, where the company is enabling frameworks such as Visa Intelligent Commerce, Trusted Agent Protocol, and Mastercard’s Agent Pay Acceptance Framework to support secure, AI-driven transactions.
For merchants, news frequently centers on the Clover point-of-sale and business management platform. Examples include integrations with Synchrony’s CareCredit financing solution, allowing health and wellness providers using Clover devices to manage the full patient financing journey, and collaborations with Wink to introduce identity-based payments using biometric recognition and AI-powered fraud prevention.
Investors and analysts can also follow updates on Fiserv’s Fiserv Small Business Index, which reports on consumer spending and transaction trends across millions of U.S. small businesses, as well as corporate developments such as acquisitions and workforce or recognition announcements. This news page brings together these updates so readers can track how Fiserv’s technology, partnerships, and data products evolve over time.
Fiserv (NASDAQ: FISV) announced the pricing of a public offering of 17,500,000 shares of its common stock by New Omaha Holdings L.P. at $112.00 each. New Omaha, an investment fund managed by Kohlberg Kravis Roberts, will receive all proceeds. There's a 30-day option for underwriters to buy an additional 2,625,000 shares. After the offering, New Omaha's ownership will reduce from 15.7% to approximately 13.1%. Fiserv will repurchase 1,817,520 shares from underwriters at the offering price using cash on hand, which will be canceled thereafter.
Fiserv, Inc. (NASDAQ: FISV) announced that New Omaha Holdings L.P. plans to sell up to 17,500,000 shares of Fiserv common stock in an underwritten public offering, with a 30-day option for underwriters to purchase an additional 2,625,000 shares. Fiserv is not selling any shares and will not receive proceeds. Following the offering, New Omaha's ownership will reduce from 15.7% to approximately 13.1%. Fiserv intends to repurchase up to $200 million worth of shares from the offering using cash on hand. The offering is anticipated to close on December 11, 2020.
Fiserv, Inc. (NASDAQ: FISV) hosted a virtual Investor Conference to discuss its strategic growth plans and financial outlook. The company reaffirmed its 2020 outlook, expecting adjusted earnings per share to grow by at least 11% year-over-year. For 2021, Fiserv anticipates internal revenue growth between 7% and 12%, with adjusted earnings per share expected to rise by 20% to 25%. The medium-term outlook projects annual revenue growth of 7% to 9% and earnings growth of 15% to 20% for 2022 and 2023, assuming a recovery from COVID-19 impacts.
Fiserv, Inc. (NASDAQ: FISV), a leader in payments and financial technology, focuses on innovation and excellence in various sectors, including account processing, digital banking, and merchant services. The company is a member of the S&P 500 and FORTUNE 500, recognized as one of the World’s Most Admired Companies. Fiserv supports clients in achieving top-tier results through its diverse portfolio, which encompasses card issuer processing and Clover® point-of-sale solutions. For more information, visit fiserv.com.
Fiserv (NASDAQ: FISV) has been selected by the Bank of Queensland (BOQ) Group to provide a card issuing and management solution for BOQ and Virgin Money Australia. This partnership will leverage Fiserv's VisionPlus® system, which facilitates card issuance and processing, effectively serving both physical and digital cards. Virgin Money aims to use this solution for its upcoming debit card program as part of its digital bank launch in 2021. The VisionPlus® service is designed to meet local and global card scheme requirements, enhancing customer experiences with streamlined digital banking.
Fiserv, Inc. (NASDAQ: FISV), a leading provider of payments and financial technology solutions, will host its Investor Conference virtually on December 8 at 9:00 a.m. ET. The conference will include presentations from senior management, focusing on strategic and financial updates. A live webcast will be accessible at investors.fiserv.com, with a replay and presentation materials available post-event. Fiserv aims to drive innovation across various financial services, making it a recognized member of the S&P 500 and FORTUNE 500.
Fiserv, Inc. (NASDAQ: FISV) announced that Frank Bisignano, CEO, will present at the Citi 2020 Financial Technology Virtual Conference on November 19, 2020, at 9:00 a.m. ET. The presentation will be available via live webcast and archived replay on the investor relations section of its website. Fiserv is a global leader in financial technology, focusing on payments, digital banking, and more, while being recognized among the S&P 500 and FORTUNE's Most Admired Companies.
Fiserv, Inc. (NASDAQ: FISV) has appointed Kevin M. Warren to its board of directors. Warren, currently Chief Marketing Officer at UPS, brings extensive executive leadership and marketing experience. With a 36-year tenure at Xerox, he held significant roles in salesforce effectiveness and global client engagement. Chairman Jeffery W. Yabuki expressed confidence in Warren's ability to contribute valuable insights, especially as Fiserv focuses on payment and fintech transformation.
Fiserv introduces the Scan to Order feature for its Clover POS platform, enhancing operations for restaurants by allowing guests to order and pay touchlessly via QR codes. This innovation caters to the pandemic-driven demand for safety and convenience, enabling restaurants to streamline processes. Notably, Clover POS has over one million devices in use, processing more than $100 billion in transactions annually. The feature aims to reduce costs by eliminating paper menus and enhancing table service efficiency.
Fiserv, Inc. (NASDAQ: FISV) reported strong third-quarter 2020 financial results, with GAAP revenue increasing 21% to $3.79 billion, bolstered by 44% growth in the Acceptance segment. However, the Fintech segment saw a 1% decline. For the first nine months, GAAP revenue rose 79% to $11.02 billion. Adjusted earnings per share increased 19% to $1.20 in Q3, while free cash flow grew by 12% to $939 million. Fiserv has raised its outlook for adjusted earnings per share growth in 2020, anticipating at least 11% growth compared to 2019.