Fiserv Inc Stock Price, News & Analysis

Fiserv (NYSE: FI) has completed its acquisition of Payfare Inc. (TSX:PAY), a program management solutions provider focused on new economy workforces. The acquisition, valued at C$193,149,036 (C$4.00 per share), strengthens Fiserv's embedded finance capabilities.

Through this transaction, Fiserv acquired all 48,287,259 outstanding Payfare shares, increasing its ownership from 0% to 100%. The integration brings Payfare's card program management and white-label consumer application expertise together with Fiserv's processing, bank ledgers, and integrated value-added services, creating a comprehensive solution for embedded banking, payments, and lending.

Following the acquisition, Payfare's co-founders and employees have joined Fiserv. Payfare shares will be delisted from TSX and OTCQX, and the company will cease to be a reporting issuer.

Fiserv has completed its acquisition of Payfare Inc. (TSX: PAY, OTCQX: PYFRF) through its affiliate 1517452 B.C. , as announced on March 3, 2025. The acquisition was executed via a plan of arrangement under the British Columbia Business Corporations Act.

Payfare, which has facilitated over $20 billion in instant earnings access for millions of gig workers, will be delisted from the Toronto Stock Exchange and withdrawn from OTCQX trading. The company will also cease to be a reporting issuer in Canada.

CEO Marco Margiotta described the acquisition as a transformative step that will enhance their mission of providing financial security and inclusion for workers, enabling faster innovation through the partnership with Fiserv.

Fiserv (NYSE: FI), a leading global provider of payments and financial services technology solutions, has announced its upcoming participation in key investor conferences. Chief Financial Officer Bob Hau will represent the company at two significant events:

• The Wolfe Research FinTech Forum at 10:10 a.m. ET on March 11
• The BofA Electronic Payments Symposium at 2:40 p.m. ET on March 18

Investors and interested parties can access live webcasts and archived replays of these presentations through the investor relations section of Fiserv's website at investors.fiserv.com.

Fiserv (NYSE: FI) announced that First Community Credit Union (FCCU) has selected its award-winning DNA® core processing platform to power future growth. FCCU, a Missouri-based institution with $4.5bn in assets and 42 branches, chose DNA for its modern, member-centric capabilities, integration features, and commercial functionalities.

The DNA platform recently received the 2024 xCelent Advanced Technology Award from Celent for its best-in-class technology architecture. FCCU, serving over 400,000 members, operates nearly half its branches within a national retailer's stores. The credit union, celebrating its 90th anniversary in December 2024, has been a Fiserv client for more than 30 years.

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.