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 (NASDAQ: FISV), a leader in financial technology and payments solutions, announced that CEO Frank Bisignano will present at the Evercore ISI Payments and FinTech Innovators Forum on March 4, 2021, at 10:15 a.m. ET. A live webcast and archived replay will be accessible on the investor relations section of the Fiserv website.
Fiserv focuses on innovation in digital banking, account processing, and payment solutions, and is a member of the S&P 500 and Fortune 500.
Fiserv (NASDAQ: FISV) has announced an increase in its investment for the Back2Business program from $10 million to $50 million. This initiative, part of the Fiserv Forward Together Plan, focuses on supporting small, minority-owned businesses in various communities. Since its inception, Back2Business has launched in cities like Milwaukee, New York City, and Atlanta, providing financial support and technology solutions. The increased funding aims to address the ongoing needs of small business owners and enhance community engagement.
Fiserv, Inc. (NASDAQ: FISV) reported its fourth quarter and full year 2020 results, revealing a 5% decline in Q4 revenue to $3.83 billion, while full year revenue increased 46% to $14.85 billion. Q4 GAAP earnings per share was $0.44, a 22% rise year-over-year, although annual EPS dropped 18% to $1.40. The company's adjusted operating margin improved to 35.6% in Q4. Fiserv anticipates 2021 internal revenue growth of 8% to 12% and adjusted EPS between $5.30 and $5.50. The company also repurchased shares and reduced debt significantly in 2020.
Bank of the West, a subsidiary of BNP Paribas, is launching the Turnkey Service for Zelle: Small Business, developed in partnership with Fiserv (NASDAQ: FISV). This service allows small business customers to quickly send and receive digital payments. The initiative follows a surge in demand for Zelle's person-to-person payments among retail banking clients, particularly post-COVID-19. It aims to enhance customer engagement and streamline payment processes for up to 30 million small businesses in the U.S., providing instant fund transfers and eliminating traditional cash and check concerns.
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Fiserv, Inc. (NASDAQ: FISV) has successfully completed its acquisition of Ondot Systems, Inc. This strategic acquisition strengthens Fiserv's digital capabilities, allowing it to offer an integrated suite of solutions that facilitate frictionless and personalized consumer experiences. According to CEO Frank Bisignano, this move is essential in enhancing services for clients of all sizes. Fiserv continues to be a leading provider in payments and financial technology, aiming to innovate continuously across various financial services sectors.
Fiserv, Inc. (NASDAQ: FISV) will release its financial results for Q4 and the full year on February 9, 2021, after market close. A live webcast will follow at 4 p.m. CT to discuss these results, accessible via the investor relations page on the Fiserv website. The company is recognized as a global leader in payments and financial technology, offering services that include account processing, digital banking, and merchant processing. Fiserv is part of the S&P 500 Index and has been acknowledged as one of FORTUNE's Most Admired Companies.
Fiserv (NASDAQ: FISV) announced key leadership appointments to enhance its digital capabilities and corporate social responsibility. Byron Vielehr becomes Chief Digital and Data Officer, focusing on digital growth initiatives and data solutions. Neil Wilcox is appointed Head of Corporate Social Responsibility, driving sustainability and community engagement. Both leaders will report to President and CEO Frank J. Bisignano, effective immediately. These appointments reflect Fiserv's commitment to innovation and stakeholder value.
Fiserv (NASDAQ: FISV), a prominent financial services technology provider, is set to assist financial institutions in facilitating applications for the U.S. Small Business Administration's Paycheck Protection Program (PPP) loans. Following new funding signed into law on December 27, 2020, Fiserv has developed a streamlined platform to expedite the loan process. In 2020, the company supported over 100,000 loans to small businesses and is also providing affordable PPP forgiveness applications to Minority Depository Institutions. Fiserv aims to simplify the loan application process and deliver essential funds swiftly.
Fiserv, Inc. (NASDAQ: FISV) has entered an agreement with Capital One to enhance customer access to funds at ATMs nationwide. The deal adds over 1,500 Capital One ATMs to the MoneyPass® network, expanding surcharge-free transactions for Capital One 360 Checking customers to approximately 34,000 ATMs. This move responds to consumer demand for surcharge-free services, as 77% of U.S. consumers actively avoid ATM surcharges. The full rollout is expected by mid-January 2021, positioning Fiserv to strengthen its service offerings and customer satisfaction.