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. (NYSE: FI) delivers cutting-edge financial technology solutions to institutions worldwide. This page aggregates official announcements, strategic developments, and operational updates directly from the company and trusted sources.
Investors and industry professionals will find timely updates on earnings reports, mergers & acquisitions, and product innovations in payment processing and digital banking. The curated feed ensures stakeholders stay informed about regulatory changes, partnership announcements, and technology advancements shaping the fintech sector.
Key content categories include quarterly financial results, leadership updates, platform enhancements, and market expansion initiatives. All materials are vetted for relevance to Fiserv's core operations in transaction processing, merchant services, and banking infrastructure.
Bookmark this page for streamlined access to FI's latest developments. Combine these updates with SEC filings and earnings call transcripts for comprehensive analysis of the company's performance.
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.
Fiserv (NYSE: FI) has announced a definitive agreement to acquire Payfare Inc. (TSX:PAY), a program management solutions provider specializing in new economy workforces. The acquisition, expected to close in first half 2025, will enhance Fiserv's embedded finance capabilities by integrating Payfare's card program management, white-label consumer app, and microservices orchestration layer.
The combination aims to strengthen Fiserv's solutions in embedded banking, payments, and lending, particularly benefiting large enterprises and financial institutions. The deal complements Fiserv's existing processing, bank ledgers, and integrated value-added services.
Payfare Inc. (TSX: PAY, OTCQX: PYFRF) has entered into a definitive agreement to be acquired by Fiserv affiliate 1517452 B.C. for CA$4.00 per share, valuing the transaction at approximately CA$201.5 million. The purchase price represents a 90% premium to Payfare's closing price on December 20, 2024, and a 92% premium to the 60-day volume weighted average trading price.
The transaction requires approval from 66 2/3% of shareholders and a majority of minority shareholders. All directors and senior officers, representing approximately 11.3% of shares, have agreed to vote in favor. The deal is expected to close in the first half of 2025, after which Payfare will be delisted from TSX and OTCQX.
Fiserv (NYSE: FI) has expanded its partnership with COCC, a client-owned fintech serving over 200 community banks and credit unions, to enhance digital banking solutions through Experience Digital (XD). The collaboration aims to transform financial services by delivering seamless, connected digital experiences powered by open banking APIs and data-rich tools.
The platform will extend to the cloud using microservices architecture and include a developer studio for custom experiences through an app market. This addresses current market challenges, as revealed by a Javelin Strategy & Research survey showing 30% of dissatisfied mobile banking users struggle with app features, and 28% find it difficult to navigate mobile banking.
Fiserv reports strong consumer spending growth during the 2024 Thanksgiving shopping week (Nov 27-Dec 2). Analysis of nearly 800 million transactions shows total retail same-store sales increased 5.7% with transactions up 6.7%. Small businesses outperformed with sales growth of 11.9% and transaction growth of 9.3%.
Brick-and-mortar purchases represented 58% of retail sales, growing 4.6%. Credit cards accounted for 64% of spending, though debit spending growth (+8.9%) outpaced credit (+4.1%). General Merchandise led category growth with sales up 13.5%, while Building Materials/DIY saw significant Black Friday gains (+17.4%).
Fiserv (NYSE: FI) announced that its Chairman, President and CEO Frank Bisignano has been nominated by President-elect Donald J. Trump as Commissioner of the Social Security Administration. The appointment requires U.S. Senate confirmation, during which Bisignano will maintain his current roles at Fiserv.
The Fiserv Board of Directors has confirmed they will follow their established succession plan to select Bisignano's replacement. Lead Director Doyle R. Simons emphasized that succession planning has been a priority and expressed confidence in selecting a new CEO to maintain the company's momentum in advancing finance, technology, and payments innovations.
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