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) will release its third quarter financial results on October 27, 2022, prior to the market opening. The company will host a live webcast to discuss these results at 7 a.m. CT on the same day. Investors can access the webcast and supplemental financial information via the investor relations section of the Fiserv website. Fiserv is recognized as a leader in payments and financial technology, providing various services including account processing, digital banking, and merchant acquiring solutions.
Fiserv, a global leader in payments technology, has launched a new data-as-a-service (DaaS) capability for its Carat operating system, allowing large enterprises to access near-real-time transaction data through the Snowflake Data Cloud. This innovation enhances data analysis and decision-making, reduces operational costs, and improves customer experiences by enabling seamless integration of payments data. The new capability empowers businesses to optimize commerce, strengthen loyalty programs, and mitigate fraud.
Equifax (NYSE: EFX) announced the launch of its I-9 Management App for small- and medium-sized businesses (SMBs) within the Clover App Market. This solution aims to simplify the completion and retention of Form I-9 requirements, offering SMBs a mobile-friendly method for employee verification and remote onboarding. By integrating with Clover, which processes over $234 billion annually, Equifax enhances onboarding efficiency while providing access to I-9 Management and E-Verify services. This initiative builds on Equifax's strategic partnership with Fiserv (Nasdaq: FISV).
Fiserv is enhancing fan experiences at the Caesars Superdome, Smoothie King Center, and Champions Square in New Orleans by implementing over 1000 Clover devices. This initiative aims to modernize food and beverage operations and streamline purchasing processes, beginning with the 2022 NFL and NBA seasons. The Clover Sport solution will improve operational efficiencies by providing real-time data insights and enabling contactless, mobile, and self-service purchasing options. The partnership with ASM Global, which manages these venues, is part of a larger multi-year renovation project.
Fiserv, a global leader in payments and financial technology solutions, announced that Frank Bisignano, its Chairman and CEO, will present at the Goldman Sachs Communacopia + Technology Conference on September 12 at 5 p.m. ET. A live webcast and replay will be available on their investor relations website. Fiserv is a member of the S&P 500 and has been recognized among FORTUNE's Most Admired Companies and Fast Company's Most Innovative Companies.
Indian Oil Corporation Limited has partnered with Fiserv (NASDAQ: FISV) to enhance payment experiences across its 15,000+ retail fuel outlets in India. Customers can utilize various payment options, including debit and credit cards, UPI, and digital wallets. This collaboration utilizes Fiserv's Carat platform, enabling advanced analytics and efficient transaction processing. The initiative aims to accelerate digital payment adoption, improving customer experiences and operational efficiency.
Fiserv announces that Great Southern Bank has selected its DNA core processing platform to enhance digital banking and payments. With $5.6 billion in assets, the bank aims to meet growing customer demands for fintech solutions. DNA's open architecture allows integration of innovative services from fintech partners, supporting the bank's expansion plans. Fiserv's ecosystem will enable Great Southern to provide personalized services, adapting to future needs effectively.
Fiserv reported a strong second quarter 2022, with GAAP revenue increasing by 10% to $4.45 billion. This growth is attributed to a 14% rise in the Acceptance segment, 6% in Fintech, and 7% in Payments. GAAP EPS soared by 130% to $0.92. For the first half of 2022, total GAAP revenue reached $8.59 billion, with net cash from operations at $1.81 billion. The company raised its 2022 organic revenue growth outlook to 9%-11% and adjusted EPS to $6.45-$6.55, projecting 16%-17% growth.
Fiserv has partnered with the Georgia Institute of Technology's Financial Services Innovation Lab to enhance understanding of consumer financial health over three years. Funded by Fiserv, this initiative aims to analyze household financial behavior using Fiserv data, thereby informing policymakers, consumers, and small businesses. As U.S. inflation hits a four-decade high, the project focuses on improving financial inclusion and resilience. Researchers intend to provide insights into how economic trends affect consumers and small businesses, advancing Fiserv's mission to better serve its clients.
