Group 1 - Fiserv has acquired payment facilitator Pinch Payments and its management platform Glassbox, enhancing its capabilities in the local payments market [1][2] - Pinch Payments, founded in 2017, serves approximately 2,000 merchants in Australia and New Zealand, providing tools for efficient payment facilitation at scale [1] - The acquisition allows Fiserv to integrate its digital payment solutions with Pinch's technology, aiming to empower merchants across the APAC region [2][3] Group 2 - The deal provides Fiserv with a payment orchestration platform that supports flexible service options and accelerates market entry for various payment facilitators and vendors [3] - Paul Allen, co-founder and CEO of Pinch Payments, expressed confidence in expanding into new markets through the partnership with Fiserv [4] - This acquisition is part of a series of strategic purchases by Fiserv, including the recent acquisition of CCV, a payment solutions provider in Europe [4][5] Group 3 - The acquisition of CCV will enable Fiserv to expedite the deployment of its Clover point-of-sale platform across Europe [5] - Fiserv is also acquiring Payfare, an earned wage access provider, to enhance its embedded finance solutions [6] - A recent collaboration with PYMNTS Intelligence revealed that 73% of retailers plan to increase their investments in GenAI this year [6]

Company Acquisition - Fiserv has acquired CCV, a payment solutions provider operating in the Netherlands, Belgium, and Germany, to enhance the deployment of its Clover point-of-sale platform across Europe [1] - Financial terms of the acquisition were not disclosed [1] CCV Overview - CCV, founded in 1958, offers services including transaction processing, online and closed-loop payments, acquiring, and various payment terminals [2] - The company is recognized for facilitating the first electronic payments in the Netherlands 55 years ago [2] Strategic Intent - Fiserv aims to build upon CCV's strong foundation to ensure continued success and create a robust omnichannel offer for European businesses [3] - The acquisition is expected to provide Fiserv's merchant and partner network with access to advanced payment technology [4] Financial Performance - Clover has been a significant revenue driver for Fiserv, with Clover sales increasing by 29%, amounting to an annualized gross payments volume of $310 billion [5] Recent Developments - The acquisition follows Fiserv's recent purchase of Payfare, an earned wage access provider, which complements Fiserv's existing financial solutions [6] - A report indicated that many companies in the gaming industry are hindered by outdated data strategies, with only 18% tracking real-time market data, despite 80% considering it critical [6][7]

Core Insights - Cydcor has been recognized by Fiserv for its exceptional revenue performance in the Clover Merchant Services platform, achieving the highest overall revenue among competitors [2][3] - Cydcor's sales solutions have significantly contributed to the growth of Fiserv's Clover platform, which is designed for small and mid-sized businesses [2][5] Company Performance - Cydcor outperformed hundreds of competitors in terms of revenue, particularly in Fiserv software and Duo products sold [2][3] - The company is known for delivering quality long-term customer relationships and maintaining high integrity in sales, establishing itself as a trusted leader in outsourced sales [3][4] Strategic Importance - Cydcor plays a crucial role in expanding Fiserv's customer base and market presence, with a strong track record of exceeding expectations [3][4] - The partnership with Fiserv allows Cydcor to leverage its expertise in customer acquisition to enhance the effectiveness of Clover's merchant services [5] Leadership Commentary - Brian Green, Country Head at Fiserv, emphasized Cydcor's commitment to excellence and its role as a key driver of growth for Fiserv [4] - Vera Quinn, CEO of Cydcor, highlighted the importance of Clover in helping businesses streamline operations and improve customer service [5] Company Background - Cydcor has been providing customer acquisition solutions for over three decades, serving Fortune 500 and emerging companies across various industries [6] - Founded in 1994 and based in Agoura Hills, California, Cydcor focuses on building consumer relationships while utilizing technology for customer growth and retention [6]

Core Insights - Fiserv, Inc. (FI) shares have increased by 41.7% over the past year, outperforming the industry and the Zacks S&P 500 composite, which grew by 13.8% and 5.1%, respectively [1] Financial Performance - The company reported mixed results for the fourth quarter of 2024, with adjusted earnings per share of $2.51, beating the consensus estimate by 1.2% and showing a year-over-year increase of 14.6%. However, adjusted revenues of $4.9 billion missed the consensus estimate by 1.1% and experienced a slight year-over-year decline [4] - Clover, a significant growth driver for Fiserv, saw its revenues increase by 29% year over year in the fourth quarter of 2024 [5] - Management anticipates Clover's revenues to reach $4.5 billion by 2026, indicating a projected year-over-year growth rate of 28.5%. Clover's annualized payment volume grew by 14% in the fourth quarter of 2024 [6] Business Model and Financial Health - Fiserv's business model combines recurring revenues with a high incremental margin from a scaled processing business, alongside cloud-based software and service offerings [7] - The company's current ratio at the end of the fourth quarter of 2024 was 1.06, an improvement from 1.04 in the previous year, indicating effective short-term debt coverage [7] Shareholder Returns and Market Position - Fiserv has consistently engaged in share repurchases, buying back 23.3 million, 25.4 million, and 40 million shares in 2021, 2022, and 2023 for $2.6 billion, $2.5 billion, and $4.7 billion, respectively, which enhances investor confidence [8] - The company operates in a highly competitive market for core banking products and services, facing increased competition from non-banking entities [8][9] Risks and Challenges - Integration risks exist due to Fiserv's frequent acquisition strategy, which may impact the balance sheet and distract management from organic growth [9]

TORONTO, March 3, 2025 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF) today announced that 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. ("Fiserv") (NYSE: FI) has completed its previously announced acquisition of Payfare pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the "Arrangement"). "It's an exciting day for Payfare as we join together with Fiserv," said Marco Margiotta, Chief Executive Officer & Founding Pa ...

Core Insights - Not all share buyback programs create equal value, as the impact of a buyback program varies significantly based on the company's size and the proportion of the buyback relative to its market capitalization [1][2] Group 1: Fiserv - Fiserv has announced a buyback authorization of 60 million shares, bringing its total buyback capacity to approximately 78 million shares [3][5] - The value of Fiserv's buyback capacity is over $18 billion, which is nearly 14% of its market capitalization of $130 billion [5] - In 2024, Fiserv spent $5.5 billion on share repurchases, a 120% increase from $2.5 billion in 2022 [6] - Fiserv's stock price has risen 103% from the end of 2022 to the beginning of 2025, indicating aggressive share repurchase despite stock price increases [7] Group 2: Analog Devices - Analog Devices has announced a new buyback program of $10 billion, increasing its total buyback capacity to approximately $11.5 billion, which is 9.8% of its market cap of over $117 billion [8] - The company also increased its dividend by 8%, resulting in a yield of nearly 1.7%, which is competitive within its sector [9][10] - Analog Devices has historically repurchased an average of $760 million worth of shares annually over the past 21 years, indicating a more selective approach to buybacks [10][11] Group 3: Allison Transmission - Allison Transmission has announced an additional $1 billion share buyback authorization, bringing its total buyback capacity to $5 billion, which is 59% of its market capitalization of $8.4 billion [12][13] - In 2024, Allison spent over $250 million on share repurchases, which is significant relative to its market cap [14] - The company reported record full-year sales of $3.2 billion and record diluted EPS of $8.31 in 2024, reflecting increases of 6% and 12% compared to 2023 [15]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-38962 Fiserv, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organ ...

I am positive about Fiserv (NYSE: FI ). My thesis is that FI continues to grow top line while expanding margin, leading to mid-to-high-teens earnings growth. The main growth driver will be its Clover platform and the broader enterprise solutions. AsI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I bel ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about high-risk financial instruments, including cryptocurrencies and CFDs, which are complex and can lead to significant financial losses [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1]. - The content may not be provided in real-time and may not be accurate, highlighting the need for caution [1].

Core Insights - The 2025 Small-Business Point-of-Sale (POS) System Scorecard by Javelin Strategy & Research highlights a competitive market where POS providers are innovating rapidly to meet the demands of small businesses for sophisticated and customizable solutions [1][2] Group 1: Vendor Evaluation - The scorecard evaluates ten leading vendors across four key categories, focusing on their ability to help banks, payment processors, and independent sales organizations attract and retain merchant accounts [2] - Fiserv's Clover is recognized as the Best-in-Class provider, noted for its powerful client acquisition capabilities and deep feature customization for various business verticals [3] - Square and Epos Now received Overall Leader distinctions, with Square offering a robust suite of features appealing across multiple industries, while Epos Now is praised for its flexibility and adaptability [4] Group 2: Market Dynamics - There is significant investment in research and development among POS providers, likened to an "arms race," as they aim to capture the small business market, which is seen as a long-term profitable customer base [5] - Approximately 95% of U.S. small businesses with annual sales under $1 million are seeking affordable and intuitive POS platforms that extend beyond basic payment processing [5] - As technology costs decrease, comprehensive POS systems are becoming accessible to businesses that previously relied on basic payment terminals, with a growing preference for multi-functional platforms [6]