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Fiserv, Inc. (NASDAQ: FISV), a leading provider of payments and financial services technology, will have its CFO, Bob Hau, present at the UBS Global TMT Conference on December 7 at 7:30 a.m. ET. A live webcast and archived replay will be available on the investor relations section of the Fiserv website.
Fiserv is recognized for its innovation in payment solutions and is a member of the S&P 500 and FORTUNE 500, having received accolades for being one of the World's Most Admired Companies for 11 of the past 14 years.
Fiserv has expanded its partnership with First West Credit Union (FWCU) to provide the Clover point-of-sale system to all FWCU business banking customers in Canada. Clover processes over $230 billion in annual payment volume globally and offers an all-in-one business management solution for small businesses. This collaboration aims to enhance operational efficiency and customer experiences for FWCU's members, which include over 250,000 individuals across multiple brands in British Columbia.
Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology, announced that Frank Bisignano, its Chairman and CEO, will keynote at the Citi 2022 FinTech Conference on November 14 at 3 p.m. ET. A live webcast and replay will be available on Fiserv's investor relations website. Fiserv is recognized for excellence in account processing, digital banking, and payments, and is listed in S&P 500 and FORTUNE 500. The company has been named one of FORTUNE's Most Admired Companies and among the World's Most Innovative Companies.
ACI Worldwide (NASDAQ: ACIW) has appointed Thomas Warsop as Interim CEO, succeeding Odilon Almeida, who is stepping down. To ensure a smooth transition, Almeida will assist through November 30, 2022. Adalio Sanchez, who has been on the board since 2015, is now the non-executive Chair. The board aims to identify a permanent CEO with the help of an executive search firm. Warsop emphasizes ACI’s position to capitalize on the real-time payments market, aiming for operational excellence and growth.
Sunoco LP has selected Carat from Fiserv (NASDAQ: FISV) to enhance its commerce model and unify customer experiences across its retail locations. This partnership will streamline payment functions at over 5,500 sites, improving the transaction process with features such as multi-acquirer capabilities and a new Pay-by-Bank option. As a result, Sunoco aims to enhance customer engagement and operational efficiency while offering innovative payment solutions that drive commerce.
Fiserv, a global leader in payments and financial technology solutions, is expanding its long-term commitment to Wisconsin by opening a new global headquarters in downtown Milwaukee. The project, which involves a $40 million investment and will create 250 jobs over five years, showcases the company's strategy to foster collaboration and innovation. The headquarters aims to enhance the local tech ecosystem, reinforcing Milwaukee's status as a growing fintech hub. The investment is contingent upon state incentives from the Wisconsin Economic Development Corporation.
Fiserv reported a GAAP revenue increase of 9% to $4.52 billion for Q3 2022, with organic revenue growth of 11% year-to-date. GAAP EPS rose 17% to $0.75 in Q3 and 80% to $2.68 year-to-date. The Acceptance segment led growth with 14% increase. The company raised its full-year 2022 outlook for organic revenue growth to 11% and adjusted EPS to $6.48 to $6.55, reflecting strong performance against prior expectations. Operating margins improved, and free cash flow was $2.11 billion in the first nine months.
Fiserv has launched AuthHub, a groundbreaking solution designed to enhance fraud detection for financial institutions. Instead of relying on outdated methods, AuthHub dynamically updates customer profiles using real-time data from various payment channels, providing a comprehensive view of customer behavior. The solution addresses the increasing issue of account takeover fraud, which saw losses exceeding $11.4 billion in 2021, marking a 90% increase since 2020. By offering better-informed decision-making capabilities, AuthHub aims to improve authentication processes and reduce fraud impact.
Fiserv (NASDAQ: FISV) has announced a partnership with IncumbentFI to enhance card programs for financial institutions and fintechs. This collaboration allows cardholders to use programmable payments, linking multiple funding sources to a single card, thus enabling a universal payment experience. Institutions can differentiate their offerings by selecting from a marketplace of capabilities, including wellness tools and buy-now-pay-later options. Bangor Savings Bank is set to launch a microlending feature as part of this initiative, enhancing customer retention and revenue.
Fiserv (NASDAQ: FISV) reports significant growth in real-time payment transactions after connecting the Bethpage Federal Credit Union to the RTP® network via its NOW® Gateway. In just six weeks, Bethpage saw a 45% increase in transactions, with a peak growth of 165% in one week. The number of members receiving transactions rose by 61%, and transaction amounts increased by 34%. Fiserv aims to enhance payment capabilities and help clients meet evolving customer needs.
