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Fiserv (NASDAQ: FISV) announces partnerships with Strategic Risk Associates and Moody’s Analytics to enhance data integration and analytics for financial institutions. These collaborations aim to streamline governance and operational risk management by merging systems of record with advanced analytical tools. Financial institutions can expect improved decision-making capabilities through the integration of the SRA Watchtower risk management platform and Moody's Analytics solutions, providing real-time risk intelligence and predictive analysis for better business outcomes.
Fiserv, Inc. (NASDAQ: FISV), a leading financial technology provider, is set to announce its Q2 financial results before market opens on July 26, 2022. A live webcast will take place at 7 a.m. CT on the same day, providing opportunities for stakeholders to gain insights on the company's performance. Fiserv specializes in various technology solutions including payments, digital banking, and merchant processing. The company is a member of the S&P 500 and has received multiple accolades for its innovation and industry impact.
Fiserv, a global provider of payments and financial services technology, was awarded Merchant Acquirer of the Year at the Merchant Payments Ecosystem (MPE) Awards. This recognition is attributed to the successful launch of Carat, an omnichannel commerce platform designed to enhance revenue and optimize costs for businesses. Carat currently processes billions of transactions globally for various retailers, aiding them in adapting to evolving customer payment preferences. The award ceremony took place during the 2022 MPE conference in Berlin, Germany.
Fiserv has partnered with Advanced Fraud Solutions to enhance fraud detection for financial institutions. The TrueChecks® platform will enable clients to automate check fraud prevention and risk-based funds availability, addressing the high incidence of check-related fraud. According to the 2022 AFP Payments Fraud Survey, checks were the most affected payment method. The service offers real-time responses to identify various fraudulent transactions, ensuring comprehensive protection across all deposit channels.
Fiserv, Inc. (NASDAQ: FISV) is enhancing fan experiences at sports and entertainment venues with Clover® Sport, a point-of-sale solution integrating hardware, software, and loyalty programs. This initiative aims to improve purchasing efficiency through contactless options, reducing wait times for fans. Notably, venues like Citi Field and Footprint Center are leveraging Clover's capabilities to optimize operations and gain insights into consumer behavior. Clover's open architecture allows seamless integration of third-party solutions, reinforcing Fiserv's position as a leader in payments and financial technology.
Nekoosa Port Edwards State Bank has become the 1,000th financial institution to offer Zelle® through Fiserv. This milestone reflects the growth of Zelle® in the U.S. banking sector. Zelle® enables quick money transfers between bank accounts, enhancing customer experience. Since April 2022, financial institutions using Fiserv's services have seen a 34% increase in active users and a 36% rise in transactions. Fiserv continues to emphasize the importance of real-time payments as consumer demand grows.
Fiserv (NASDAQ: FISV) has expanded its Carat operating system to include digital checks, developed in partnership with Checkbook, Inc. This new feature allows businesses to offer faster, more efficient digital payouts while reducing costs associated with traditional paper checks. Digital checks can be delivered via email within minutes, providing a modern solution for customers who prefer checks. With checks constituting 42% of B2B transactions in the U.S., the collaboration aims to capture a significant market of underserved payors seeking cost-effective payment methods.
Payoneer (NASDAQ: PAYO) and Fiserv (NASDAQ: FISV) have partnered to enhance global payout capabilities for businesses, allowing seamless cross-border transactions in over 190 countries. This collaboration integrates Payoneer's platform with Fiserv's Carat operating system, reducing costs while improving localized customer experiences. With the global cross-border payout market projected to grow 20-30% annually, the need for efficient payment solutions is crucial for businesses engaging in international commerce.
Fiserv has entered into a multi-year agreement with Trust Payments, extending their partnership since 2012. This deal enables Trust Payments to leverage Fiserv's acquiring-as-a-service capabilities to enhance their payment solutions for clients. Trust Payments reported a 73% increase in revenues last year, reflecting growing demand for digitized payment solutions. The partnership aims to support Trust Payments' global expansion and provides access to innovative payment processing technologies, aligning with the increasing trend towards omnichannel commerce.
Fiserv (NASDAQ: FISV) has been recognized as a Leader in Forrester's evaluation of merchant payment providers for Q2 2022, earning the highest score in the current offering category.
Carat, Fiserv's operating system, achieved top scores in 18 criteria including customer support and cross-border settlement, showcasing its global reach and customer-centric innovations.
Forrester praised Fiserv’s scale and value-added services, noting significant improvements in its client success model.
