Fiserv disclosed Wednesday (Sept. 25) that it expects its merchant acquiring joint venture with Wells Fargo to expire April 1, 2025. The joint venture, Wells Fargo Merchant Services (WFMS), is owned 40% by a Fiserv wholly owned subsidiary and 60% by Wells Fargo Bank, National Association, Fiserv said in a filing with the Securities and Exchange Commission. Fiserv acquired its stake in WFMS through its 2019 merger with First Data Corp., according to the filing. The company expects to record a non-cash impair ...

The Financial Transaction Services industry is poised to benefit from the widespread adoption of digital payment methods. Industry players are positioned to capitalize on this trend through robust digital solutions devised by strategic collaborations and technology investments. Favorable consumer spending patterns are expected to increase transaction volumes. Additionally, the rise in cross-border transactions, fueled by a growing international workforce and expanding global trade, contributes positively. E ...

Fiserv, Inc. (FI) had an impressive run in the past year. The company's shares have risen 16.9% compared with its industry and the Zacks S&P 500 composite's growth of 7.3% and 2.9%, respectively. Three-Months Price Performance Image Source: Zacks Investment Research FI's revenues are expected to increase 6.3% year over year in 2024 and 9.1% in 2025. Its earnings are estimated to grow 16.2% in 2024 and 15.7% in 2025. Fiserv's Positive Earnings Surprise FI has delivered a decent earnings surprise in the trail ...

Fiserv clients will be able to more easily enable PayPal, Venmo and related services, and accelerate guest checkout flows in the U.S. via a simple connection point to Fastlane by PayPal. These enhancements are enabled by an expansion of the global strategic partnership of Fiserv and PayPal, the companies said in a Thursday (Aug. 29) press release emailed to PYMNTS. "Our expanded partnership with PayPal supports our mission to enhance client value by providing simple, cutting-edge solutions to our clients th ...

JHVEPhoto Fiserv, Inc. (NYSE:FI) has reported a good operating momentum in the last quarter and its valuation remains attractive, making it a good growth play for long-term investors. As I've covered in previous articles, I see Fiserv as an interesting growth play within the digital payments industry, as the company has strong fundamentals and growth prospects, but this was not reflected in its valuation. Since my last article on Fiserv, back in December 2022, its shares are up by more than 60% and have out ...

Company Overview - Fiserv Inc. is a leading fintech company with a market cap near $90 billion and revenue approaching $20 billion, providing technology services to financial institutions [1] - The company has double the market share of its closest competitor, Jack Henry, in the bank core processes market, which is essential for handling deposits and processing loans [2] Revenue Growth - Fiserv's revenue has significantly increased over the past decade, particularly after acquiring First Data Corp. in 2019, which enhanced its payment processing capabilities [5][6] - The company’s revenue segments include Acceptance, Fintech, Payments, and Corporate or Other, with all segments generally showing an upward trend in revenue [5][6] Market Potential - The global core banking software market is projected to grow from $58.01 billion in 2024 to $17.19 billion by 2031, indicating a strong growth trajectory for the industry [4] Operating Expenses and Margins - Although expenses have risen, they are increasing at a slower rate than revenue, leading to improved operating margins across all segments [6][9] - The operating margins for Acceptance, Fintech, and Payments segments have shown a steady increase since 2019 [9] Valuation Metrics - Fiserv's current price-to-earnings (P/E) ratio is just below 20, significantly lower than its 10-year median of 28, suggesting a valuation discount [10][11] - The PEG ratio is around 1.04, which is more than 30% below the industry median, indicating favorable growth prospects relative to its valuation [11][12] Investment Appeal - Fiserv has a GuruFocus score of 94/100, positioning it as an attractive investment compared to other software companies [13][14] - The company’s markets exhibit strong growth potential, and its margin expansion is notable, making it a compelling investment opportunity [20] Financial Health Indicators - The Altman Z-Score is at 1.60, indicating a higher risk of bankruptcy, while the Altman Z2-Score is at 1.77, which is above the distress level, suggesting some financial stability [15][17] - The Z2-Score has improved by about 15% since 2019, reflecting a gradual recovery post-acquisition of First Data [18][19]

As time moves through the hourglass, so does the lifespan of sectors. One such domain is the financial services sector, which is experiencing rapid change. The fundamental shift in the financial services sector is due to technological innovation. However, large banking entities have been slow to adjust their business models, due to cumbersome restructuring processes. Therefore, early-stage financial technology, or FinTech, firms are provided the latitude to tap into the radical change experienced within the ...

Title of each class Trading Symbol(s) Name of each exchange on which registered 1.625% Senior Notes due 2030 FI30 The New York Stock Exchange 4.500% Senior Notes due 2031 FI31A The New York Stock Exchange For the quarterly period ended June 30, 2024 Table of Contents 1.125% Senior Notes due 2027 FI27 The New York Stock Exchange 3.000% Senior Notes due 2031 FI31 The New York Stock Exchange FORM 10-Q OR Commission File Number 1-38962 Wisconsin 39-1506125 (State or Other Jurisdiction of Incorporation or Organi ...

Core Insights - Ponce Bank recently celebrated the graduates of its Small Business Bootcamps in the Bronx, Manhattan, and New Jersey, aimed at providing essential business planning and growth tools to local entrepreneurs [14] - The program has successfully engaged over 1,100 participants since its launch in 2020, highlighting its impact on underserved communities [5] Award Recipients - The Bronx award recipients include: - Jennifer Silvestre, Nasir + Idie Kids, received $10,000 for apparel and fashion for children with special needs [2] - Melissa Groneveldt, Yummy Tummy, received $7,500 for gluten-free, sugar-free sweets [2] - Saraciea Fennell, The Bronx is Reading, received $5,000 for promoting literacy [2] - The Manhattan and New Jersey award recipients include: - Wioletta Sudol, The Helper Bears, LLC, received $10,000 for tech education for older adults [3] - Emely Martinez, Roxanna, received $7,500 for affordable fashion [3] - Chere Montgomery, WealthStorm Consults, received $5,000 for business consulting [3] Community Impact - Ponce Bank emphasizes the importance of small businesses in providing jobs and cultural diversity, supporting community leaders through educational initiatives [4] - The collaboration with The Business Outreach Center Network aims to improve economic prospects for traditionally underserved groups [5][16] Program Structure - The Small Business Bootcamp consists of a four-session program covering essential topics such as small business banking, accounting principles, and business planning [6] - Fiserv provided subject matter experts to enhance the educational experience for participants [9] Company Background - Ponce Bank, founded in 1960, focuses on improving financial outcomes for minority and immigrant communities, with $2.8 billion in assets and a strong presence in the New York Metro area [10] - Fiserv, a Fortune 500 company, is a global leader in payments and financial technology, recognized for its commitment to innovation and excellence [11]

During the event three local business owners from the Bronx and three from Manhattan and New Jersey, who previously pitched their business ideas to a panel of judges, were recognized and presented with awards they can use to grow their businesses. The awards are sponsored by Fiserv, a leading global provider of payments and financial technology, including the popular Clover point-of-sale and business management platform. The Small Business Bootcamp Man/NJ award recipients are: With the support of The Busine ...