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, Inc. (NASDAQ: FISV) reported a 9% year-over-year increase in online and mobile banking users in 2022 among approximately 2,500 banks and credit unions. This growth correlates with higher net profits and enhanced customer loyalty. A digital engagement study revealed that digitally engaged members at America First Credit Union had 29% higher net profit and 48% higher deposit balances compared to non-engaged members. Fiserv continues to innovate with offerings like CardHub, which enhances digital card management. As consumer expectations evolve, Fiserv aims to provide seamless banking solutions.
Fiserv, Inc. (NASDAQ: FISV) announced strong financial results for Q4 and FY 2022, with GAAP revenue growth of 9%, totaling $4.63 billion for Q4 and $17.74 billion for the year. GAAP EPS surged 146% in Q4 and 96% for the year, reaching $1.23 and $3.91, respectively. The company reported organic revenue growth of 12% in Q4 and 11% for FY 2022. Adjusted EPS grew 22% to $1.91 in Q4 and 16% to $6.49 for the year. For 2023, Fiserv expects organic revenue growth of 7% to 9% and adjusted EPS between $7.25 and $7.40.
Fiserv, operating in Singapore, has received a Major Payment Institution license from the Monetary Authority of Singapore, effective January 1, 2023. This license enables Fiserv to offer merchant acquisition and domestic and cross-border money transfer services under the Payment Services Act. With this license, Fiserv can enhance its existing payment solutions for small and large businesses, supporting integrated payment acceptance across digital and physical channels. The company emphasizes its commitment to compliance and cybersecurity, ensuring customer protection under the PS Act.
BNY Mellon and Fiserv have partnered to enhance real-time foreign exchange (FX) rate quotes for U.S. financial institutions. This collaboration allows institutions to access BNY Mellon's FX rate quotes in over 120 currencies via Fiserv's Payments Exchange platform without extensive integration. This solution aims to reduce the costs associated with accessing real-time FX rates, addressing challenges U.S. institutions face with cross-border payments. The offering includes transaction tracking and reporting tools for improved client support and transparency. The partnership highlights both companies' commitment to streamlining global payment processes.
Desjardins Group has selected Fiserv (NASDAQ: FISV) to transition its credit card processing to a unified platform, enhancing efficiency and speeding up the launch of innovative solutions. The collaboration will streamline management of consumer and commercial card portfolios, supporting Desjardins' nearly four million credit accounts. Fiserv's OptisSM platform will enable real-time information for customers and provide end-to-end credit processing, including fraud detection and risk management. This partnership marks Fiserv's first large-scale deployment in Canada, promising modern capabilities to better serve Desjardins' members and clients.
Fiserv, Inc. (NASDAQ: FISV) will announce its fourth quarter and full year financial results on February 7, 2023, before the market opens. A live webcast discussing these results will take place at 7 a.m. CT on the same day. The webcast and additional financial information will be available on the investor relations section of the Fiserv website. Fiserv is a prominent global provider of payments and financial technology solutions, recognized as a member of the S&P 500 and the FORTUNE 500. The company has earned accolades as one of the World's Most Admired Companies and among the World’s Most Innovative Companies.
Fiserv, Inc. (NASDAQ: FISV) has entered a new employment agreement with Frank Bisignano, extending his role as President and CEO through December 2027. Bisignano, who also serves as Chairman, aims to continue driving the company’s growth and innovation. The contract includes governance enhancements aligning with market standards. Since joining in 2019, Bisignano has been key in Fiserv's expansion and technology leadership, demonstrating strong results and client commitment, vital for shareholder value.
Wedge is collaborating with Fiserv to provide innovative programmable payment solutions to financial institutions via the AppMarket. This partnership aims to enhance cash flow management for consumers by allowing spending from various assets, including stocks and cryptocurrencies, through a single debit card. Approximately 40% of U.S. banks utilize Fiserv technology, positioning Wedge to reach a broad customer base. This initiative is expected to optimize everyday spending and simplify the payment experience for users, empowering them to make smarter financial choices.
