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Fiserv Inc - FI STOCK NEWS

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.

Rhea-AI Summary

The Fiserv Small Business Index for August 2024 remained steady at 141, indicating stable consumer spending at small businesses in the US. Key findings include:

  • Year-over-year growth: Sales +1.6%, Transactions +5.7%
  • Month-over-month changes: Sales -0.3%, Transactions +1.3%
  • Retail sector showed strength, with the index rising to 147
  • Restaurants rebounded, with the index increasing 3 points to 126
  • Professional Services continued strong growth: Sales +9.6%, Transactions +8.5% YoY

The report highlights shifts in consumer spending patterns, with retail and restaurant sectors trending upward, while some service-based businesses experienced slower growth rates.

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PayPal Holdings, Inc. (NASDAQ: PYPL) has expanded its strategic partnership with Fiserv, Inc. (NYSE: FI) to streamline checkout experiences in the U.S. This expansion simplifies how Fiserv's merchant clients enable PayPal, Venmo, and related services, providing a simple connection point to Fastlane by PayPal for accelerated guest checkout flows.

The partnership, spanning over a decade, covers various merchant and payment functions across millions of merchants globally. Fastlane, PayPal's innovative checkout solution, allows users to complete purchases in as little as one click. It has shown impressive results, with guest shoppers using Fastlane converting over 80% of the time, achieving up to 50% higher conversion rates, and reducing checkout time by 32% compared to non-Fastlane users.

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The Fiserv Small Business Index™ for July 2024 shows a rebound in consumer spending at small businesses. The index rose to 141, with small business sales growing 3.5% year-over-year and 1.3% month-over-month. Key highlights include:

- Retail sector saw strong growth, with the national Retail index rising to 146
- Restaurant sales declined 1.6% annually and 3.1% monthly
- Professional, Scientific, and Technical Services experienced significant growth (15.2% YoY)
- Specialty Trade Contractors saw increased demand, with 5.7% YoY sales growth

The report indicates shifting consumer spending patterns and potential pricing relief in some sectors, providing valuable insights for small businesses and the broader economy.

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Fiserv (NYSE: FI) reported strong Q2 2024 results, with GAAP revenue growth of 7% both in the quarter and year-to-date. GAAP EPS increased 39% in both periods. The company achieved organic revenue growth of 18% in Q2 and 19% year-to-date, while adjusted EPS rose 18% in both timeframes.

Key highlights include:

  • Q2 GAAP revenue: $5.11 billion
  • Q2 GAAP EPS: $1.53
  • Q2 Adjusted EPS: $2.13
  • Q2 Organic revenue growth: 18% (Merchant Solutions: 28%, Financial Solutions: 8%)

Fiserv affirmed its 2024 organic revenue growth outlook of 15-17% and raised its adjusted EPS outlook to $8.65-$8.80, representing 15-17% growth.

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Fiserv (NYSE: FI) will release its second quarter financial results on July 24, 2024, before the market opens. The company, known for its payments and financial services technology solutions, will hold a live webcast at 7 a.m. CT on the same day to discuss the results. Investors can access the webcast and supplementary financial information on the Fiserv website under the investor relations section. A replay will be available approximately one hour after the webcast concludes.

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The Fiserv Small Business Index for June 2024 shows a decline to 140, reflecting a slowing pace in small business growth. Year-over-year, small business sales increased by 1.6% and transactions by 4.4%, but month-over-month, sales fell by 2.9% and transactions by 1.5%. Retail sales saw mixed results, with general merchandise up 8.5% yearly but significant monthly declines in categories like gasoline stations (-4.5%) and health/personal care (-7.2%). Restaurant sales grew 3.6% annually but declined 1.2% monthly. Other sectors like professional services and specialty trade contractors experienced slower growth. Fiserv attributes the slowdown to inflation reduction and seasonal demand shifts.

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Fiserv, a global provider of payments and financial services technology solutions, has announced the appointment of Takis Georgakopoulos as Senior Advisor, Executive Vice President, and a member of the Management Committee, effective September 3, 2024. Georgakopoulos brings extensive experience in payment solutions and merchant services, having served as the Global Head of Payments at J.P. Morgan. He also has a background as a partner at McKinsey & Company, where he advised major banks and asset managers. Fiserv's CEO, Frank Bisignano, emphasized that Georgakopoulos’s expertise will contribute to delivering top-notch technology and client outcomes.

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Fiserv's Small Business Index for May 2024 highlights modest growth in small business sales amidst shifting consumer spending patterns. The index held steady at 145, with small business sales growing 4.3% year-over-year and 0.2% month-over-month. Foot traffic increased by 5.2% year-over-year but dropped 0.5% compared to April. The data reveal a shift towards non-discretionary spending, with notable growth in grocery store purchases over restaurants. Retail spending was flat, with gains in categories like Food & Beverage (+2.1%) and slight declines in General Merchandise (-0.4%) and Auto Parts (-0.9%). Service categories showed mixed results, with Professional Services up 13.5% year-over-year but down 0.7% month-over-month, while Truck Transportation saw a robust 4.0% month-over-month growth.

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Monex USA has announced its integration with Fiserv's Payments Exchange, enhancing international payment options for financial institutions. This collaboration allows financial entities using Payments Exchange to partner with Monex USA for foreign exchange wire transfers. The integration supports straight-through processing and paperless transactions, simplifying global payments. Mike Rockouski, Managing Director at Monex USA, highlighted the enhanced service offerings for their clients. Additionally, Mark Hill emphasized the automation of complex processes, which boosts customer relationships and expands client bases. This integration links Payments Exchange with multiple global financial networks, offering a streamlined and efficient payment solution.

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Fiserv, a global leader in payments and financial services technology, announced its participation in two major investor conferences. CEO Frank Bisignano will present at the Baird Global Consumer Technology and Services Conference on June 4 at 7:55 a.m. ET, and the Mizuho Technology Conference on June 12 at 9:15 a.m. ET. Interested parties can access live webcasts and archived replays through the investor relations section on Fiserv's website.

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FAQ

What is the current stock price of Fiserv (FI)?

The current stock price of Fiserv (FI) is $222.01 as of April 1, 2025.

What is the market cap of Fiserv (FI)?

The market cap of Fiserv (FI) is approximately 127.7B.

What are the core services provided by Fiserv Inc.?

Fiserv Inc. offers a range of services including payment processing, digital banking solutions, core account processing, electronic funds transfer, and loan processing designed to streamline financial operations.

Which industries does Fiserv primarily serve?

Fiserv primarily serves banks, credit unions, securities broker dealers, mortgage and insurance companies, as well as merchants, providing them with robust financial technology solutions.

How does Fiserv generate its revenue?

The company operates on a diversified revenue model that includes subscription fees, transaction-based charges, and licensing agreements, enabling it to serve a wide range of financial institutions effectively.

What differentiates Fiserv from its competitors?

Fiserv stands out through its integrated approach to combining legacy processing systems with modern digital technology, its extensive industry expertise, and its ability to offer end-to-end financial solutions that optimize efficiency and security.

How did the merger with First Data influence Fiserv's service offerings?

The merger expanded Fiserv's capabilities to include enhanced merchant payment processing services, thereby broadening its product suite and reinforcing its competitive position in the digital payments and financial technology space.

Is Fiserv's service portfolio globally diversified?

Yes, while predominantly serving the U.S. market, Fiserv maintains an international presence, with a portion of its revenue generated from global operations, which attests to the global applicability of its solutions.

How does Fiserv ensure the security and reliability of its financial technology solutions?

Fiserv invests heavily in advanced technology and rigorous security measures to provide secure, scalable, and resilient processing platforms that adhere to industry standards and regulations.
Fiserv Inc

NYSE:FI

FI Rankings

FI Stock Data

127.67B
557.19M
0.68%
94.13%
1.49%
Information Technology Services
Services-business Services, Nec
Link
United States
MILWAUKEE