Welcome to our dedicated page for Fiserv news (Ticker: FI), a resource for investors and traders seeking the latest updates and insights on Fiserv stock.
Fiserv, Inc. (NASDAQ: FI) is a prominent American multinational corporation headquartered in Brookfield, Wisconsin. With a rich history in the financial technology sector, Fiserv provides a broad range of services to banks, credit unions, securities broker-dealers, mortgage companies, insurance firms, leasing and finance companies, and retailers.
As a leading provider of core processing and complementary services, Fiserv specializes in electronic funds transfer, payment processing, and loan processing. These services are critical for small and midsize banks and credit unions, helping them manage their day-to-day operations efficiently.
In 2019, Fiserv significantly expanded its capabilities by merging with First Data, a move that strengthened its position in the payment processing sector, particularly for merchants. This merger has allowed Fiserv to offer a more comprehensive suite of payment solutions and enhance its service offerings.
Despite being primarily focused on the US market, approximately 10% of Fiserv's revenue is generated from international operations. This global reach ensures that the company remains a key player in the financial technology landscape worldwide.
Fiserv's dedication to innovation and customer satisfaction has led to numerous recent achievements. The company continues to invest in new technologies and partnerships to stay ahead in the competitive fintech market. Current projects include the development of advanced payment solutions, improved security measures, and enhanced digital banking platforms.
Financially, Fiserv maintains a strong position with consistent revenue growth and robust financial health. The company's strategic initiatives and operational efficiencies contribute to its long-term stability and growth potential.
Fiserv (NYSE: FI) has announced the appointment of Michael P. Lyons as President and CEO-elect, effective January 27, 2025. Lyons will initially report to current Chairman and CEO Frank Bisignano, who will continue in his roles until June 30, 2025, or upon earlier confirmation as Commissioner of the Social Security Administration.
Lyons brings over 30 years of industry experience, most recently serving as president of The PNC Financial Services Group. His background includes leadership roles at Bank of America and portfolio management at Maverick Capital. He currently chairs Early Warning Services, , which owns and operates Zelle and PAZE.
Upon Bisignano's departure, Lyons will become CEO and join the Fiserv Board of Directors. Doyle R. Simons, currently Lead Independent Director, will transition to non-executive Chairman of the Board when Lyons assumes the CEO position.
Fiserv (NYSE: FI), a leading global provider of payments and financial services technology solutions, has scheduled the release of its fourth quarter and full year financial results for Wednesday, February 5, 2025, before market opening.
The company will host a live webcast at 7 a.m. CT on the same day to discuss the results. Investors can access the webcast and supplemental financial information through the investor relations section at investors.fiserv.com. A replay will be made available approximately one hour after the webcast concludes.
Fiserv Small Business Index showed strong performance in December 2024, rising three points to 146. Small business sales grew +4.9% year-over-year and +2.0% month-over-month, with retail and services leading the growth.
In retail, notable year-over-year growth was seen in General Merchandise (+14.4%), Clothing, Shoes and Jewelry (+7.5%), and Furniture, Electronics, and Appliances (+6.3%). Restaurant sector showed mixed results, with sales declining -3.4% despite increased foot traffic (+4.1%), primarily due to reduced average ticket sizes (-7.4%).
Services sector demonstrated strong performance, growing +4.9% year-over-year and +2.1% month-over-month, with Professional Services (+12.2%), Truck Transportation (+8.6%), and Food Manufacturing (+9.8%) leading the growth. Regionally, Vermont (+15.4%), Georgia (+13.5%), and South Carolina (+13.3%) showed the strongest year-over-year growth.
Fiserv (NYSE: FI) has announced a definitive agreement to acquire Payfare Inc. (TSX:PAY), a program management solutions provider specializing in new economy workforces. The acquisition, expected to close in first half 2025, will enhance Fiserv's embedded finance capabilities by integrating Payfare's card program management, white-label consumer app, and microservices orchestration layer.
The combination aims to strengthen Fiserv's solutions in embedded banking, payments, and lending, particularly benefiting large enterprises and financial institutions. The deal complements Fiserv's existing processing, bank ledgers, and integrated value-added services.
Payfare Inc. (TSX: PAY, OTCQX: PYFRF) has entered into a definitive agreement to be acquired by Fiserv affiliate 1517452 B.C. for CA$4.00 per share, valuing the transaction at approximately CA$201.5 million. The purchase price represents a 90% premium to Payfare's closing price on December 20, 2024, and a 92% premium to the 60-day volume weighted average trading price.
The transaction requires approval from 66 2/3% of shareholders and a majority of minority shareholders. All directors and senior officers, representing approximately 11.3% of shares, have agreed to vote in favor. The deal is expected to close in the first half of 2025, after which Payfare will be delisted from TSX and OTCQX.
Fiserv (NYSE: FI) has expanded its partnership with COCC, a client-owned fintech serving over 200 community banks and credit unions, to enhance digital banking solutions through Experience Digital (XD). The collaboration aims to transform financial services by delivering seamless, connected digital experiences powered by open banking APIs and data-rich tools.
The platform will extend to the cloud using microservices architecture and include a developer studio for custom experiences through an app market. This addresses current market challenges, as revealed by a Javelin Strategy & Research survey showing 30% of dissatisfied mobile banking users struggle with app features, and 28% find it difficult to navigate mobile banking.
Fiserv reports strong consumer spending growth during the 2024 Thanksgiving shopping week (Nov 27-Dec 2). Analysis of nearly 800 million transactions shows total retail same-store sales increased 5.7% with transactions up 6.7%. Small businesses outperformed with sales growth of 11.9% and transaction growth of 9.3%.
Brick-and-mortar purchases represented 58% of retail sales, growing 4.6%. Credit cards accounted for 64% of spending, though debit spending growth (+8.9%) outpaced credit (+4.1%). General Merchandise led category growth with sales up 13.5%, while Building Materials/DIY saw significant Black Friday gains (+17.4%).
Fiserv (NYSE: FI) announced that its Chairman, President and CEO Frank Bisignano has been nominated by President-elect Donald J. Trump as Commissioner of the Social Security Administration. The appointment requires U.S. Senate confirmation, during which Bisignano will maintain his current roles at Fiserv.
The Fiserv Board of Directors has confirmed they will follow their established succession plan to select Bisignano's replacement. Lead Director Doyle R. Simons emphasized that succession planning has been a priority and expressed confidence in selecting a new CEO to maintain the company's momentum in advancing finance, technology, and payments innovations.
Fiserv (NYSE: FI), a global leader in payments and financial services technology solutions, has announced a conference call scheduled for Thursday, December 5, 2024. The call will feature CEO Frank Bisignano, CFO Bob Hau, and Head of Investor Relations Julie Chariell.
The company will host a live webcast at 7:30 a.m. CT. Investors and interested parties can access the webcast through the investor relations section of Fiserv's website at investors.fiserv.com. A replay of the webcast will be made available approximately one hour after its conclusion.
The Fiserv Small Business Index for November 2024 reported significant growth in small business performance. The national index stood at 144, showing year-over-year increases in both sales (+4.8%) and transactions (+9.1%). Restaurant sector showed strong performance with sales up 8.1% and foot traffic up 8.7% year-over-year. Retail maintained positive momentum with 5.6% sales growth and 9.5% transaction growth compared to 2023. Regionally, Nebraska led state-wise growth at 13.1%, followed by Florida at 11.5%. Among major cities, Miami (+11.4%) and Atlanta (+7.5%) showed the strongest small business sales growth year-over-year.
FAQ
What is the current stock price of Fiserv (FI)?
What is the market cap of Fiserv (FI)?
What does Fiserv, Inc. do?
Where is Fiserv headquartered?
What was the impact of the merger with First Data?
Which sectors does Fiserv serve?
What percentage of Fiserv's revenue is generated internationally?
What recent achievements has Fiserv made?
What are Fiserv's core services?
How does Fiserv support small and midsize banks?
Is Fiserv financially stable?
What is Fiserv's approach to innovation?
