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, Inc. (NASDAQ: FISV) will conduct its 2021 Annual Meeting of Shareholders virtually on May 19, 2021, at 10 a.m. CT. Shareholders can access a live audio webcast and an archived replay through the investor relations section of the Fiserv website. Fiserv is a global leader in payments and financial technology, focusing on innovative solutions across various domains, including digital banking, e-commerce, and merchant services. The company is part of the S&P 500 and FORTUNE 500, recognized for its commitment to excellence and innovation.
State Farm is enhancing its claims payout process by integrating digital payout technology from Fiserv (FISV). With the launch of Digital Pay, customers can receive approved auto and fire claim payments directly to their personal accounts almost instantly, using preferred payment methods. This initiative aims to personalize the customer experience and streamline the claims process. Fiserv's Carat omnichannel commerce ecosystem supports this transition, ensuring quick and customizable payment solutions to meet modern consumer demands.
Fiserv, Inc. (NASDAQ: FISV), a leader in payments and financial services technology, announced that CEO Frank Bisignano will present at MoffettNathanson’s Annual Payments, Processors and IT Services Summit on May 10, 2021, at 1:00 p.m. ET. A live webcast and archived replay will be accessible via the investor relations section of the Fiserv website.
Fiserv aims to enhance financial transactions through innovative solutions in account processing, e-commerce, digital banking, and more, holding a position in the S&P 500 and FORTUNE 500.
Fiserv and The Clearing House are funding onboarding fees for minority-owned depository institutions (MDIs) to join the RTP® network, enhancing real-time payment access. This initiative, available in 2021, aims to support MDIs in providing vital financial services, especially in underserved areas. Real-time payments will allow immediate transaction confirmations and cash access, reducing cash-flow issues for small businesses. Approximately 60% of U.S. demand deposit accounts can utilize the RTP network, which features a flat pricing structure for all participating institutions.
Fiserv announced the pricing of a public offering of 20,000,000 shares of common stock at $118.30 per share by New Omaha Holdings L.P. The offering includes a 30-day option for underwriters to buy an additional 3,000,000 shares. Fiserv will not sell any shares or receive proceeds; New Omaha will retain all net proceeds. Following the offering, New Omaha's ownership will decrease from approximately 12.8% to about 9.8%. Fiserv plans to repurchase 5,000,000 shares at the offering price, funded by cash on hand.
Fiserv, Inc. (NASDAQ: FISV) announced that New Omaha Holdings L.P. will sell 20,000,000 shares of its common stock in an underwritten public offering, with an additional 3,000,000 share option for underwriters. Fiserv will not receive proceeds from this offering as New Omaha retains them. Following the offering, New Omaha's ownership will decrease from 12.8% to approximately 9.8%. Fiserv plans to repurchase 5,000,000 shares from underwriters for cancellation. The offering closes on May 3, 2021, with Goldman Sachs and J.P. Morgan as joint bookrunning managers.
Alliance Data Systems Corporation (NYSE: ADS) has announced that its Bread division will provide point-of-sale lending products through a partnership with Fiserv (NASDAQ: FISV). This collaboration aims to enable merchants using Fiserv's services to offer consumers flexible payment options, enhancing sales and customer engagement. Derek Joyce, president of Bread, and Val Greer, EVP of Alliance Data Card Services, emphasized the importance of this strategic relationship in driving revenue and improving payment flexibility for merchants. The partnership aims to simplify checkout experiences both online and in-store.
Fiserv, Inc. (NASDAQ: FISV) reported its first-quarter 2021 results, revealing flat GAAP revenue of $3.76 billion compared to the previous year. Notably, GAAP earnings per share decreased by 21% to $0.45, while operating margin dropped to 12.6%. In contrast, adjusted revenue grew by 2% to $3.56 billion, with internal revenue growth at 4%. The company anticipates a 9% to 12% increase in internal revenue growth for 2021 and adjusted earnings per share between $5.35 and $5.50. Fiserv's commitment to innovation remains strong as it prepares for the upcoming acquisition of Pineapple Payments and a significant alliance in Brazil.
Fiserv (NASDAQ: FISV) has secured a 20-year agreement with Caixa Econômica Federal (CAIXA) for merchant acquiring services in Brazil. This partnership enables merchants in Latin America's largest economy to utilize Fiserv's advanced payment solutions, including card present and card not present transactions. CAIXA's extensive distribution network, with over 26,000 service points and 146 million clients, enhances the reach of Fiserv's offerings. The implementation of the program is expected to be completed in 90 days, strengthening Fiserv's market presence in the region.
Fiserv, Inc. (NASDAQ: FISV) will announce its first quarter financial results on April 27, 2021, prior to Nasdaq market opening. A live webcast discussing these results will be held at 7 a.m. CT that day, accessible via the company’s investor relations website. Additionally, Shub Mukherjee has been appointed as the new head of Investor Relations, succeeding in a role that will expand her previous responsibilities in Competitive Intelligence. Fiserv continues to position itself as a leader in payments and financial technology services.