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) 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.
The 2020 Fraud and Security Survey by Fiserv reveals a significant rise in consumer cybersecurity concerns, with 79% feeling equally or more worried than last year. The COVID-19 pandemic has pushed 33% of consumers to increase their use of touchless payments, with 69% planning to continue this trend. Despite the rise in digital transactions, only 23% believe their personally identifiable information (PII) is adequately secure. The study highlights that nearly half of consumers would abandon apps and social media accounts after a data breach, underscoring the importance of data security in maintaining consumer trust.
Fiserv, Inc. (NASDAQ: FISV) has partnered with the newly organized First Women’s Bank, set to launch in early 2021, focusing on the women’s economy through small business lending and digital financial services. Based in Chicago, the bank aims to serve a diverse clientele and is part of Fiserv's Back2Business initiative, supporting minority-owned businesses affected by COVID-19. Fiserv will provide core processing and digital engagement solutions to deliver innovative banking experiences, contributing to gender equality and community empowerment.
Fiserv, Inc. (NASDAQ: FISV) will announce its third quarter financial results on Tuesday, October 27, 2020, after market close. A live webcast to discuss these results will take place at 4 p.m. CT, accessible via the investor relations section of the Fiserv website. As a leader in payments and financial technology, Fiserv aims to empower clients through innovation in various services, including account processing and digital banking solutions. The company is a recognized member of the S&P 500 and FORTUNE 500.
Fiserv (NASDAQ: FISV) has launched Advance Defense℠, an innovative fraud detection solution for card issuers aimed at reducing fraud losses and enhancing legitimate cardholder usage. Utilizing cognitive artificial intelligence, it recommends tailored fraud prevention strategies based on unique issuer data and a broad fraud pattern consortium. Key features include a robust dataset for improved fraud detection, advanced automated analytics, and customizable modeling with real-time scoring. This solution is designed to improve operational efficiencies and reduce cardholder friction while bolstering revenue opportunities for financial institutions.