Welcome to our dedicated page for Fiserv news (Ticker: FISV), a resource for investors and traders seeking the latest updates and insights on Fiserv stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fiserv's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fiserv's position in the market.
Fiserv (NASDAQ: FISV) announced key leadership appointments to enhance its digital capabilities and corporate social responsibility. Byron Vielehr becomes Chief Digital and Data Officer, focusing on digital growth initiatives and data solutions. Neil Wilcox is appointed Head of Corporate Social Responsibility, driving sustainability and community engagement. Both leaders will report to President and CEO Frank J. Bisignano, effective immediately. These appointments reflect Fiserv's commitment to innovation and stakeholder value.
Fiserv (NASDAQ: FISV), a prominent financial services technology provider, is set to assist financial institutions in facilitating applications for the U.S. Small Business Administration's Paycheck Protection Program (PPP) loans. Following new funding signed into law on December 27, 2020, Fiserv has developed a streamlined platform to expedite the loan process. In 2020, the company supported over 100,000 loans to small businesses and is also providing affordable PPP forgiveness applications to Minority Depository Institutions. Fiserv aims to simplify the loan application process and deliver essential funds swiftly.
Fiserv, Inc. (NASDAQ: FISV) has entered an agreement with Capital One to enhance customer access to funds at ATMs nationwide. The deal adds over 1,500 Capital One ATMs to the MoneyPass® network, expanding surcharge-free transactions for Capital One 360 Checking customers to approximately 34,000 ATMs. This move responds to consumer demand for surcharge-free services, as 77% of U.S. consumers actively avoid ATM surcharges. The full rollout is expected by mid-January 2021, positioning Fiserv to strengthen its service offerings and customer satisfaction.
Fiserv (NASDAQ: FISV) has announced a definitive agreement to acquire Ondot Systems, a digital experience platform for financial institutions. This acquisition aims to enhance Fiserv's digital capabilities, allowing clients to offer seamless and personalized services. Ondot processes over 1 billion transactions monthly and supports more than 30 million cards. With this integration, Fiserv expects to bolster digital customer acquisition and improve cardholder engagement through enriched transaction insights. The transaction is subject to regulatory approvals and is anticipated to close in Q1 2021, with financial terms undisclosed.
Fiserv (NASDAQ: FISV) announced that American Family Insurance has adopted CheckFreePay, enabling customers to make insurance payments at over 30,000 locations nationwide. This move enhances payment flexibility, particularly for cash-preferred customers, amid the COVID-19 pandemic. With CheckFreePay, American Family aims to provide a seamless customer experience by offering multiple payment methods at convenient locations, reflecting a commitment to meeting consumer preferences.
Fiserv (NASDAQ: FISV) announced the pricing of a public offering of 17,500,000 shares of its common stock by New Omaha Holdings L.P. at $112.00 each. New Omaha, an investment fund managed by Kohlberg Kravis Roberts, will receive all proceeds. There's a 30-day option for underwriters to buy an additional 2,625,000 shares. After the offering, New Omaha's ownership will reduce from 15.7% to approximately 13.1%. Fiserv will repurchase 1,817,520 shares from underwriters at the offering price using cash on hand, which will be canceled thereafter.
Fiserv, Inc. (NASDAQ: FISV) announced that New Omaha Holdings L.P. plans to sell up to 17,500,000 shares of Fiserv common stock in an underwritten public offering, with a 30-day option for underwriters to purchase an additional 2,625,000 shares. Fiserv is not selling any shares and will not receive proceeds. Following the offering, New Omaha's ownership will reduce from 15.7% to approximately 13.1%. Fiserv intends to repurchase up to $200 million worth of shares from the offering using cash on hand. The offering is anticipated to close on December 11, 2020.
Fiserv, Inc. (NASDAQ: FISV) hosted a virtual Investor Conference to discuss its strategic growth plans and financial outlook. The company reaffirmed its 2020 outlook, expecting adjusted earnings per share to grow by at least 11% year-over-year. For 2021, Fiserv anticipates internal revenue growth between 7% and 12%, with adjusted earnings per share expected to rise by 20% to 25%. The medium-term outlook projects annual revenue growth of 7% to 9% and earnings growth of 15% to 20% for 2022 and 2023, assuming a recovery from COVID-19 impacts.
Fiserv, Inc. (NASDAQ: FISV), a leader in payments and financial technology, focuses on innovation and excellence in various sectors, including account processing, digital banking, and merchant services. The company is a member of the S&P 500 and FORTUNE 500, recognized as one of the World’s Most Admired Companies. Fiserv supports clients in achieving top-tier results through its diverse portfolio, which encompasses card issuer processing and Clover® point-of-sale solutions. For more information, visit fiserv.com.
Fiserv (NASDAQ: FISV) has been selected by the Bank of Queensland (BOQ) Group to provide a card issuing and management solution for BOQ and Virgin Money Australia. This partnership will leverage Fiserv's VisionPlus® system, which facilitates card issuance and processing, effectively serving both physical and digital cards. Virgin Money aims to use this solution for its upcoming debit card program as part of its digital bank launch in 2021. The VisionPlus® service is designed to meet local and global card scheme requirements, enhancing customer experiences with streamlined digital banking.
