Fiserv Inc - FI STOCK NEWS

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.

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.

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.

Fiserv has launched Fiserv University, an expanded training and consulting program aimed at enhancing the productivity of financial institutions through technology optimization. The program offers role-specific learning, solution-specific training, and customized consulting services. Delivery options include in-person, on-demand, virtual, and onsite engagements. A key feature is the Performance Scorecard, which provides data insights to help institutions choose the most effective educational resources. Intracoastal Bank has already benefited from the program, improving operational efficiency and technological knowledge. The initiative aims to equip financial institutions with the skills needed to adapt in a fast-paced tech environment.

Fiserv, a global provider of payments and financial services technology, will be presenting at investor conferences with their CEO, Frank Bisignano. The conferences include Barclays Emerging Payments & Fintech Forum on May 16 and J.P. Morgan Global Technology, Media & Communications Conference on May 21.

Fiserv, Inc. announced WaFd Bank selecting CashFlow Central to enhance small business banking offerings. The solution allows small businesses to manage payments, invoices, and cash flow through a digital banking relationship. CashFlow Central aims to streamline billing and payment processes, saving time and simplifying financial management for small business customers.

Fiserv, Inc. (NYSE: FI) released the Fiserv Small Business Index™ for April 2024, showing a 5.6% year-over-year sales growth for small businesses. The index increased by 4 points to 145, with service-based businesses experiencing a significant spending increase while discretionary spending slowed down. Retail sales rebounded, with household-related subsectors leading the growth.

Fiserv, Inc. (FI) reported strong first quarter 2024 results with a 7% GAAP revenue growth, 20% organic revenue growth, and a 39% increase in GAAP EPS. Adjusted EPS grew by 19%, with an outlook for 2024 showing 15-17% organic revenue growth and adjusted EPS of $8.60-$8.75. Fiserv's performance was driven by increased revenue in both the Merchant Solutions and Financial Solutions segments, along with improved operating margins and cash flow. The company also repurchased shares and completed a $2.0 billion senior notes offering. Fiserv was recognized for its innovation and Clover platform in prestigious awards. The company realigned its segments for operational enhancement and reaffirmed its commitment to growth and client focus.

Genesis Bank and Fiserv collaborate to launch the Genesis For Good Catalyst Empowerment Grant Program, aiming to empower marginalized entrepreneurs and diverse business communities in Southern California. Fiserv's grant to the Genesis for Good Foundation will support small businesses with grants up to $10,000 and provide access to the Catalyst Program and Clover Bundle technology.