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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.

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.

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Fiserv partners with Genesis Bank to offer customized technology bundles to small businesses in low-to-moderate income neighborhoods, aiming to drive economic empowerment and create a positive impact in local communities.
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Genesis Bank and Fiserv collaborate to provide Clover POS system with zero upfront costs and discounted subscription fees to LMI communities, aiming to enhance business operations and customer experience.
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Scienaptic AI integrates with Loan Director from Fiserv (FI) to provide advanced AI-powered underwriting signals, enhancing lending processes and increasing financial inclusiveness. The partnership aims to streamline loan decisioning, improve approval rates, and reduce application turnaround times, benefiting both financial institutions and borrowers.
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Fiserv, Inc. (FI) appoints Lance Fritz, former chairman and CEO of Union Pacific, to its board of directors. Fritz brings extensive experience in operations and diverse industries, enhancing Fiserv's strategic growth.
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Fiserv, Inc. expands its CheckFreePay network for in-person bill payment to include ATMs at leading U.S. retailers, providing cash-preferred consumers with a convenient and secure payment option. The partnership with NCR Atleos Corporation aims to enhance consumer access, increase efficiency, and drive foot traffic for merchants.
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Fiserv, Inc. (FI) reported a 6% increase in GAAP revenue for the fourth quarter of 2023, reaching $4.92 billion, and an 8% increase for the full year, reaching $19.09 billion. GAAP EPS also increased by 18% in the quarter and 27% for the full year. Operating cash flow increased by 12% to $5.16 billion for the full year. The company expects 2024 organic revenue growth of 15% to 17% and adjusted EPS of $8.55 to $8.70, representing growth of 14% to 16%.
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Fiserv, Inc. (FI) has published the Fiserv Small Business Index for January 2024, indicating that small business sales grew +0.1% month-over-month and +1.7% year-over-year. The Retail sector outperformed the small business category overall, with a 1-point gain in January, reflecting +0.7% month-over-month sales growth and +1.9% year-over-year growth. However, Food Services and Drinking Places saw demand slip, with a 5-point fall in the index from December to 122, showing a -4.1% month-over-month sales decrease and -1.9% year-over-year sales decrease.
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BentoBox, the Official Restaurant Technology Partner of the James Beard Foundation, has launched the BentoBox Marketing & Commerce Platform, an all-in-one restaurant commerce engine. The platform includes modules for websites, online ordering, reservations, and events management, aimed at engaging diners and boosting restaurant business. Key features of the platform include centralized diner data, menu management, brand elements storage, and marketing tools like email and SMS campaigns.
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Fiserv, Inc. (FI) has been named to the prestigious list of Fortune® “World’s Most Admired Companies™” for the ninth time in the last ten years. The company ranked second overall in the Financial Data Services category and received high scores in innovation, people management, corporate social responsibility, long-term investment value, quality of products and services, and global competitiveness. Fiserv's commitment to delivering excellence and creating value for clients has been recognized, reflecting the dedication of its people and their commitment to earning clients’ trust every day.
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Fiserv, Inc. (FI) partners with Engage People and Velocity Logic to allow uChoose Rewards members to redeem points for fuel purchases at 7,000 bp and Amoco locations, saving 50 cents per gallon, up to 20 gallons. This partnership aims to provide added convenience and value for consumers, enhance loyalty program experiences, and drive card usage for financial institutions.
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FAQ

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

The current stock price of Fiserv (FI) is $217.41 as of November 21, 2024.

What is the market cap of Fiserv (FI)?

The market cap of Fiserv (FI) is approximately 125.8B.

What does Fiserv, Inc. do?

Fiserv provides financial technology services such as electronic funds transfer, payment processing, and loan processing to various financial institutions and retailers.

Where is Fiserv headquartered?

Fiserv is headquartered in Brookfield, Wisconsin, USA.

What was the impact of the merger with First Data?

The merger with First Data in 2019 expanded Fiserv's capabilities in payment processing services for merchants, enhancing its overall service offerings.

Which sectors does Fiserv serve?

Fiserv serves banks, credit unions, securities broker-dealers, mortgage companies, insurance firms, leasing and finance companies, and retailers.

What percentage of Fiserv's revenue is generated internationally?

Approximately 10% of Fiserv's revenue is generated internationally.

What recent achievements has Fiserv made?

Fiserv has made numerous advancements in payment solutions, security measures, and digital banking platforms, investing in new technologies and partnerships.

What are Fiserv's core services?

Fiserv's core services include electronic funds transfer, payment processing, and loan processing.

How does Fiserv support small and midsize banks?

Fiserv provides essential core processing and complementary services, enabling small and midsize banks to manage their operations efficiently.

Is Fiserv financially stable?

Yes, Fiserv maintains a strong financial position with consistent revenue growth and robust financial health.

What is Fiserv's approach to innovation?

Fiserv is dedicated to innovation, continuously investing in new technologies and projects to stay competitive in the fintech market.

Fiserv, Inc.

NYSE:FI

FI Rankings

FI Stock Data

125.85B
565.05M
0.62%
92.77%
1.45%
Information Technology Services
Services-business Services, Nec
Link
United States of America
MILWAUKEE