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Fiserv (NASDAQ: FISV) will host an investor briefing on its Merchant Acceptance segment on Tuesday, March 8, 2022, at 4:15 p.m. CT. Investors can access a live webcast and archived replay on the Fiserv investor relations website at investors.fiserv.com. As a leader in payments and financial technology, Fiserv focuses on innovative solutions, including account processing and digital banking. The company is a member of the S&P 500 and has been recognized among the FORTUNE World's Most Admired Companies for 11 of the past 14 years.
Fiserv, Inc. (NASDAQ: FISV) announced the appointment of Dylan G. Haggart to its Board of Directors and will nominate him for election at the next annual meeting of shareholders. Haggart is a Partner at ValueAct Capital and has extensive experience in strategy, capital structure, and mergers. He is also a director at Seagate Technology. Chairman Denis O’Leary expressed confidence in Haggart's ability to contribute to the company's growth and value creation in the financial technology sector, which is undergoing a significant transformation.
Fiserv, a leader in payments and financial services technology, reported a strong financial performance for Q4 and full year 2021. GAAP revenue rose 11% to $4.26 billion in Q4 and 9% to $16.23 billion for the year. GAAP EPS increased by 14% to $0.50 quarterly, and 42% to $1.99 annually. The company anticipates organic revenue growth of 7% to 9% for 2022, alongside an adjusted EPS of $6.40 to $6.55. Fiserv's operational strength positions it well for continued growth as it aims to support a variety of financial services clients.
Fiserv (NASDAQ: FISV) has announced an expanded partnership with UnionPay International, enhancing the global issuance of UnionPay cards and streamlining their acceptance through the Carat omnichannel commerce platform. This collaboration aims to support UnionPay’s international growth, providing more businesses outside Mainland China access to UnionPay services. Notably, enhancing card acceptance will facilitate online and in-store transactions globally, optimizing operational efficiency and improving consumer choices for payments.
Fiserv has announced a definitive agreement to acquire Finxact for approximately $650 million. This acquisition aims to enhance Fiserv's digital banking strategy and broaden its account processing and payment solutions. Finxact, established in 2016, offers a cloud-native banking platform that supports modern banking operations through scalable APIs. This transaction is expected to streamline digital solutions for clients, positioning Fiserv as a key partner in the evolving financial services landscape. The deal is subject to customary approvals and expected to close later this year.
Fiserv, Inc. (NASDAQ: FISV) has been certified as a Great Place to Work in Latin America, including Mexico, Colombia, Panama, Argentina, and Uruguay. This certification is based on anonymous feedback from associates, showcasing strong workplace values such as diversity, communication, and teamwork. The survey evaluated five key areas: credibility, respect, fairness, pride, and camaraderie, with standout results in equitable treatment and safety. Fiserv's commitment to fostering an inclusive workplace is a crucial element of their employer brand.
Fiserv has reported that its PolCard® Go mobile application, launched in late 2019, has been adopted by over 1,000 businesses for contactless payment solutions. This app allows merchants to accept payments through smartphones and tablets without additional hardware. The application supports transactions of any amount and ensures secure processing compliant with Visa and Mastercard standards. Regular updates are planned to enhance its functionalities, targeting a wide range of businesses from micro-enterprises to corporates.
Fiserv, a global leader in payments and financial technology, will announce its fourth quarter and full year financial results on February 8, 2022, before market opening. A live webcast of the results will take place at 7 a.m. CT on the same day, accessible via the investor relations section of the Fiserv website. As a member of the S&P 500 Index, Fiserv continues to provide innovative solutions in areas like account processing, digital banking, and merchant services, aimed at enhancing client outcomes.
Fiserv reports on the growing integration of fintech in consumer finance, stating that nearly 70% of consumers used a digital wallet in the past year, a significant increase from previous years. Fintechs are addressing specific customer needs, such as cryptocurrency transactions and credit score assessments. Mobile banking has surpassed branches, with 30% preferring mobile interactions. The survey conducted in August 2021 highlights a shift in consumer preferences, particularly among Gen Z and millennials, towards digital solutions in finance.
