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.
Overview
Fiserv Inc. (NYSE: FI) is an American multinational financial technology company that transforms the way money and information move worldwide. Specializing in payment processing, digital banking solutions, and core processing, Fiserv provides robust and reliable services that power the financial operations of a broad spectrum of clients including banks, credit unions, merchant services, and other financial institutions. As a key player in the fintech landscape, the company leverages decades of industry experience and advanced technology to deliver innovative solutions in account processing, electronic funds transfer, loan processing, and integrated payment systems that support seamless financial transactions.
Business Model and Operations
At its core, Fiserv operates by providing critical financial technology platforms that ensure the efficient movement of funds and data. The company generates revenue through a diversified model that encompasses subscription services, transaction-based fees, and licensing agreements. Its products and solutions are tailored to enhance operational efficiencies for both traditional banking institutions and emerging digital enterprises. Fiserv's service portfolio is specifically designed to address the needs of small and midsize banks, with a strategic expansion into merchant payment processing following its integration with First Data. This comprehensive suite of offerings positions Fiserv as a vital infrastructure provider in the global financial ecosystem.
Market Position and Competitive Landscape
Fiserv occupies a unique niche within the financial services industry by focusing on end-to-end solutions that integrate legacy systems with the latest digital innovations. Amid a crowded fintech market, the company differentiates itself through its longstanding expertise in core processing technology and its commitment to continuous innovation. By serving a diverse range of clients—from traditional financial institutions to non-bank entities like retailers and securities broker dealers—Fiserv underpins the operational efficiencies that drive modern financial ecosystems. Its strategic acquisitions and integrations further enhance its capability to offer seamless end-to-end financial solutions, thereby strengthening its competitive position.
Technology and Innovation
Central to Fiserv's value proposition is its strong emphasis on technological innovation. The company has continuously invested in upgrading its digital platforms to support secure, scalable, and agile processing capabilities. Whether through cloud-based platforms or advanced data analytics, Fiserv ensures that its clients receive state-of-the-art solutions that manage complex financial transactions with high levels of security and reliability. The integration of advanced technologies within its product suite enables Fiserv to simplify processes such as account management, electronic funds transfer, and payment processing, which are essential for modern banking operations.
Global Reach and Industry Impact
Although primarily focused on the domestic U.S. market, Fiserv maintains an international footprint that underscores the global applicability of its solutions. Approximately a tenth of its revenue is generated through international operations, reflecting the scalability and adaptability of its offerings in diverse regulatory and market environments. This global perspective not only bolsters its service portfolio but also enhances its capacity to deliver cross-border financial services that meet the evolving needs of multinational clients.
Operational Excellence and Client Focus
Fiserv's operational framework is built on a deep understanding of the financial industry's requirements. Its solutions are crafted to optimize efficiency, enhance security, and drive customer satisfaction for a wide range of financial institutions. By maintaining a rigorous focus on quality and reliability, Fiserv demonstrates its commitment to providing transformative technology solutions that are both innovative and pragmatic. This operational excellence is supported by seasoned industry experts who ensure that each aspect of the service is meticulously designed and implemented to meet the rigorous demands of today’s financial landscape.
Conclusion
In summary, Fiserv Inc. stands as an authoritative figure in the financial technology space, delivering comprehensive, reliable, and innovative solutions that empower financial institutions to operate at peak efficiency. By integrating state-of-the-art technology with proven operational practices, Fiserv not only enhances transaction security and speed but also drives the evolution of the financial services industry. This holistic approach underscores its enduring relevance and market significance, making it a cornerstone in the digital transformation of banking and payments worldwide.
Fiserv, a global provider of payments and financial services technology, announced that its Board of Directors has authorized the repurchase of 60 million shares of the company’s common stock. This new authorization is in addition to the shares remaining under the existing authorization. Fiserv may repurchase shares in the open market or through privately negotiated transactions. The repurchase decisions will be made at the discretion of management, taking into account market conditions and other factors. Notably, this authorization does not have an expiration date.
Fiserv (NYSE: FI) announced that Third Federal Savings & Loan has selected its DNA® platform to enhance digital innovation and operations. The $17bn Cleveland-based bank chose DNA to improve operational efficiency, product deployment speed, and seamless integration capabilities.
The DNA platform recently received recognition from Celent in its 2024 xCelent Awards, earning the Advanced Technology Award for best-in-class technology architecture. Celent designated DNA as a Luminary for technical capability, highlighting its technological superiority across diverse institution types, sizes, and geographic markets.
Third Federal's Chief Information Officer, Andy Rubino, emphasized that the open and real-time core solution aligns with their customer service goals by enabling third-party integration and superior user experience. The platform's recent enhancements include public cloud deployment, commercial loan servicing, and open ecosystem integration features.
Fiserv (NYSE: FI) reported strong financial results for Q4 and full year 2024. The company achieved 7% GAAP revenue growth both quarterly and annually, reaching $5.25 billion in Q4 and $20.46 billion for the full year. Organic revenue growth was particularly impressive at 13% in Q4 and 16% for the full year, driven by strong performance in the Merchant Solutions segment.
GAAP EPS increased 13% to $1.64 in Q4 and 8% to $5.38 for the full year. The company generated robust operating cash flow of $6.63 billion and free cash flow of $5.23 billion for 2024. Notable segment performance included 11% growth in Merchant Solutions and 3% growth in Financial Solutions for Q4.
Looking ahead to 2025, Fiserv projects organic revenue growth of 10-12% and adjusted EPS of $10.10-$10.30, representing growth of 15-17%. The company also reported significant share repurchases, buying back 33.9 million shares for $5.5 billion in 2024.
Clover, the leading all-in-one point-of-sale solution, announces its significant presence during football's biggest week in New Orleans from February 5-10, 2025. As the exclusive payment processor inside the Superdome, Clover will support both the stadium operations and local small businesses throughout the Big Game week.
The company is partnering with NFL legend Marshall Faulk, who will visit local Clover-powered restaurants including Addis, Bayou Road, and Creole Creamery, providing guidance and Clover Resiliency Packs. Additionally, Clover is facilitating the temporary expansion of New York City restaurants Fini's Pizza and Rao's Italian Restaurant to New Orleans, creating unique dining experiences during the event.
Clover's presence extends to various local establishments, including Voodoo Tavern & Po Boys, Felix's Restaurant and Oyster Bar, The Café Nola, and TukTuk Thai Street Food, providing them with tools and support for the increased business during the event week.
Fiserv's Small Business Index for January 2025 showed positive growth trends, with the seasonally adjusted index reaching 147, up one point from December. Small business sales grew +5.1% year-over-year and +0.5% month-over-month, while total transactions increased by +6.5% and +1.3% respectively.
The services sector demonstrated strong performance with sales growing +5.5% year-over-year, led by Professional Services (+13.4%) and Food Manufacturing (+12.5%). Retail showed resilience with +4.1% year-over-year sales growth, particularly in General Merchandise (+11.0%) and Grocery (+5.6%). However, restaurants faced challenges with a -1.7% sales decline despite increased foot traffic, indicating a consumer shift to lower-cost options.
Regionally, the strongest year-over-year sales growth was seen in Wisconsin (+13.9%), Florida (+11.9%), and Georgia (+11.5%). Among major cities, Atlanta (+14.3%) and Miami (+9.8%) led in annual growth.
Clover, the leading all-in-one point of sale solution, has appointed Emmy-award winning TV personality and entrepreneur Tabitha Brown as its first Chief Empowerment Officer. This partnership aims to support small businesses, which represent a significant portion of the U.S. economy with 33 million businesses accounting for 48% of private-sector employment and generating $5.3 trillion in annual revenue.
Despite their importance, 50% of small businesses fail within five years. As Chief Empowerment Officer, Brown will share untold stories of small business owners, serve as an advocate, connect directly with business owners, and build connections between brand leadership and communities. Her role will focus on reversing the failure rate and creating a new success paradigm at the intersection of culture and commerce.
Fiserv (NYSE: FI) has been named one of Fortune's World's Most Admired Companies for 2025, marking its recognition for 10 out of the last 11 years. The company ranked second overall in the Financial Data Services category, with particularly strong performance in Quality of Products and Services.
The evaluation, conducted in partnership with Korn Ferry, analyzed 650 companies and surveyed over 3,300 executives across nine attributes. Fiserv scored notably well in several categories, including Innovation, People Management, Quality of Management, and Global Competitiveness. The company maintained strong ratings in Social Responsibility, Long-term Investment Value, Financial Soundness, and Use of Corporate Assets, with no attribute scoring below 3 out of 9.
Chairman and CEO Frank Bisignano attributed this recognition to the dedication of nearly 40,000 Fiserv associates globally and their commitment to shaping the future of financial technology.
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.
FAQ
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