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.
Sunoco LP has selected Carat from Fiserv (NASDAQ: FISV) to enhance its commerce model and unify customer experiences across its retail locations. This partnership will streamline payment functions at over 5,500 sites, improving the transaction process with features such as multi-acquirer capabilities and a new Pay-by-Bank option. As a result, Sunoco aims to enhance customer engagement and operational efficiency while offering innovative payment solutions that drive commerce.
Fiserv, a global leader in payments and financial technology solutions, is expanding its long-term commitment to Wisconsin by opening a new global headquarters in downtown Milwaukee. The project, which involves a $40 million investment and will create 250 jobs over five years, showcases the company's strategy to foster collaboration and innovation. The headquarters aims to enhance the local tech ecosystem, reinforcing Milwaukee's status as a growing fintech hub. The investment is contingent upon state incentives from the Wisconsin Economic Development Corporation.
Fiserv reported a GAAP revenue increase of 9% to $4.52 billion for Q3 2022, with organic revenue growth of 11% year-to-date. GAAP EPS rose 17% to $0.75 in Q3 and 80% to $2.68 year-to-date. The Acceptance segment led growth with 14% increase. The company raised its full-year 2022 outlook for organic revenue growth to 11% and adjusted EPS to $6.48 to $6.55, reflecting strong performance against prior expectations. Operating margins improved, and free cash flow was $2.11 billion in the first nine months.
Fiserv has launched AuthHub, a groundbreaking solution designed to enhance fraud detection for financial institutions. Instead of relying on outdated methods, AuthHub dynamically updates customer profiles using real-time data from various payment channels, providing a comprehensive view of customer behavior. The solution addresses the increasing issue of account takeover fraud, which saw losses exceeding $11.4 billion in 2021, marking a 90% increase since 2020. By offering better-informed decision-making capabilities, AuthHub aims to improve authentication processes and reduce fraud impact.
Fiserv (NASDAQ: FISV) has announced a partnership with IncumbentFI to enhance card programs for financial institutions and fintechs. This collaboration allows cardholders to use programmable payments, linking multiple funding sources to a single card, thus enabling a universal payment experience. Institutions can differentiate their offerings by selecting from a marketplace of capabilities, including wellness tools and buy-now-pay-later options. Bangor Savings Bank is set to launch a microlending feature as part of this initiative, enhancing customer retention and revenue.
Fiserv (NASDAQ: FISV) reports significant growth in real-time payment transactions after connecting the Bethpage Federal Credit Union to the RTP® network via its NOW® Gateway. In just six weeks, Bethpage saw a 45% increase in transactions, with a peak growth of 165% in one week. The number of members receiving transactions rose by 61%, and transaction amounts increased by 34%. Fiserv aims to enhance payment capabilities and help clients meet evolving customer needs.
Fiserv, Inc. (NASDAQ: FISV) will release its third quarter financial results on October 27, 2022, prior to the market opening. The company will host a live webcast to discuss these results at 7 a.m. CT on the same day. Investors can access the webcast and supplemental financial information via the investor relations section of the Fiserv website. Fiserv is recognized as a leader in payments and financial technology, providing various services including account processing, digital banking, and merchant acquiring solutions.
Fiserv, a global leader in payments technology, has launched a new data-as-a-service (DaaS) capability for its Carat operating system, allowing large enterprises to access near-real-time transaction data through the Snowflake Data Cloud. This innovation enhances data analysis and decision-making, reduces operational costs, and improves customer experiences by enabling seamless integration of payments data. The new capability empowers businesses to optimize commerce, strengthen loyalty programs, and mitigate fraud.
Equifax (NYSE: EFX) announced the launch of its I-9 Management App for small- and medium-sized businesses (SMBs) within the Clover App Market. This solution aims to simplify the completion and retention of Form I-9 requirements, offering SMBs a mobile-friendly method for employee verification and remote onboarding. By integrating with Clover, which processes over $234 billion annually, Equifax enhances onboarding efficiency while providing access to I-9 Management and E-Verify services. This initiative builds on Equifax's strategic partnership with Fiserv (Nasdaq: FISV).
Fiserv is enhancing fan experiences at the Caesars Superdome, Smoothie King Center, and Champions Square in New Orleans by implementing over 1000 Clover devices. This initiative aims to modernize food and beverage operations and streamline purchasing processes, beginning with the 2022 NFL and NBA seasons. The Clover Sport solution will improve operational efficiencies by providing real-time data insights and enabling contactless, mobile, and self-service purchasing options. The partnership with ASM Global, which manages these venues, is part of a larger multi-year renovation project.