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.
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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.
Outseer has appointed John Filby as its new CEO to lead the company's efforts in combating transactional fraud. Filby brings over 25 years of financial technology experience, previously serving at Global Holdings and Deluxe Corporation (NYSE: DLX). At Deluxe, he led essential FinTech acquisitions that modernized the business, while at Fiserv Inc. (NASDAQ: FISV), he developed successful transactional fraud products. His focus will be on leveraging Outseer’s capabilities to enhance fraud detection and customer service in a dynamic market.
Fiserv, Inc. (NASDAQ: FISV) reported a strong start to 2022, with a 10% growth in GAAP revenue, totaling $4.14 billion. The company achieved an impressive 127% increase in GAAP earnings per share (EPS), reaching $1.02. Organic revenue growth stood at 11%, driven by the Acceptance segment's 20% growth. Adjusted EPS also rose by 20% to $1.40. Despite a decline in net cash from operations to $815 million, Fiserv affirmed its full-year guidance, expecting organic revenue growth of 7% to 9% and adjusted EPS between $6.40 and $6.55.
Fiserv has launched AppMarket, enabling financial institutions to enhance their services with curated fintech solutions. This initiative aims to address opportunities in areas like crypto finance, SMB lending, and more. A survey revealed that 86% of consumers use fintech apps, highlighting the need for banks to innovate rapidly. Financial institutions can leverage AppMarket for faster market entry and to attract younger clients, while fintechs will gain access to thousands of banks. The move reflects Fiserv's commitment to advancing open finance and improving digital customer experiences.
Fiserv (NASDAQ: FISV) has launched a redesigned user experience for its Premier core platform, significantly enhancing customer servicing and training. Over 50 clients contributed to the design process, leading to improvements in navigation, search functionality, and training time. The updates will benefit over 1,000 financial institutions and 145,000 employees, enabling faster customer service. Built on modern technologies like React and REST services, the new interface allows for frequent upgrades and seamless deployment, aligning with current user expectations and work environments.
Equifax and Fiserv have announced a strategic partnership aimed at enhancing data-driven insights for organizations in a digital economy. The collaboration will focus on new offerings that improve business verification, accelerate account acquisition, and enhance risk assessment for small-to-medium businesses, with deployment planned for late 2022. Key executives emphasized the importance of real-time data insights for better decision-making and customer engagement. This partnership aims to leverage Equifax's cloud capabilities and Fiserv's transaction data to empower businesses across the financial services sector.
Fiserv, Inc. (NASDAQ: FISV) announced a successful upgrade of Arkansas Federal Credit Union's payment solution to Zelle Network®. In the first two months post-launch, the credit union reported a 200% increase in P2P transaction volume and a 120% rise in active users, totaling approximately $1.4 million in transactions. The enhancements include faster, more secure transactions and user-friendly features. This strategic partnership emphasizes Fiserv's commitment to delivering advanced digital payment solutions tailored to customer needs.
Fiserv, Inc. (NASDAQ: FISV) is set to announce its first quarter financial results on April 27, 2022, before market opening. A live webcast will be held at 7 a.m. CT, allowing investors to access the results and supplemental financial information. The company is known for providing cutting-edge payments and financial technology solutions, and is a member of both the S&P 500 and the FORTUNE 500. Fiserv has been recognized among the FORTUNE World's Most Admired Companies for 11 out of the last 14 years.
Fiserv, Inc. (NASDAQ: FISV) has successfully completed its acquisition of Finxact, a leading provider of next-generation core banking technology. This strategic move aims to enhance Fiserv's capacity to empower fintechs and financial institutions in delivering innovative digital banking solutions. Finxact's cloud-native platform, designed for scalability and regulatory compliance, positions Fiserv to better serve its clients. CEO Frank Bisignano emphasized a shared commitment to innovation that will create value for clients within the competitive financial services landscape.
Fiserv has partnered with Finicity to enhance open banking through secure data sharing. This agreement allows Fiserv’s financial institution clients to enable consumers to safely share account information with third-party apps, promoting access to diverse financial services and improving financial literacy. With AllData® Connect, consumers can share data securely via tokenization, eliminating the need for usernames and passwords. This integration aims to simplify consumer permissioned data sharing and improve the digital banking experience.
Fiserv has partnered with Magnati to launch a new SoftPoS app enabling businesses in the UAE to accept contactless payments using Android devices. This technology allows cardholders to enter their PIN directly on the screen, eliminating the need for traditional card readers. With the growing demand for contactless payment solutions—53% of payments practitioners expect this method to dominate in the region within five years—this app aims to enhance digital payment accessibility and efficiency for businesses of all sizes, particularly in home delivery services.
