Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by these conversions, masking a slowdown in acquiring new merchants [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - Fiserv, Inc. has experienced a significant stock decline of 41.8% over the past six months, contrasting with a 6.4% decline in the industry and a 5.4% rise in the Zacks S&P 500 Composite [1] Company Performance - Fiserv shares have dropped 18.3% in the past month, while its peers Sezzle and Mastercard have seen declines of 30.9% and an increase of 5%, respectively [4] - The company has a strong liquidity position, with a current ratio of 1.09 in Q2 2025, slightly above the previous year's 1.06 and close to the industry average of 1.15 [10] Growth Opportunities - Fiserv is launching the FIUSD stablecoin in partnership with PayPal, aiming to capitalize on the rapidly growing stablecoin market, which is expected to reach a daily transaction volume of at least $250 billion in the next three years [5][6] - The company anticipates a 9.2% year-over-year sales increase to $20.9 billion in 2025, with earnings per share (EPS) expected to rise by 16.3% to $10.23 [8][12] Profitability Metrics - Fiserv's return on equity (ROE) stands at 19.7%, which is significantly lower than the industry average of 48.6% [13][15] - Despite a strong standalone ROE, the company's performance relative to competitors like Sezzle and Mastercard, which have ROEs of 58.2% and 40.3%, respectively, may deter investors [15] Competitive Landscape - The merchant segment, which Fiserv aims to grow, faces intense competition from rivals such as FIS and Global Payments, as well as emerging startups [16] - Macroeconomic factors, including a 3.1% year-over-year inflation increase in July, may negatively impact consumer spending and, consequently, Fiserv's transaction volumes [17] Strategic Positioning - The introduction of the GENIUS Act provides a clearer regulatory framework for stablecoins, potentially leading to long-term revenue streams in areas like cross-border payments and treasury management [9] - Fiserv's strategy to provide a bank-friendly stablecoin solution positions it as an innovator in the financial technology space, allowing traditional institutions to adopt blockchain technology with reduced risk [7]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on revenue growth [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Fiserv misled investors by failing to disclose issues with its older point-of-sale platform, Payeezy, which forced merchants to switch to Clover [3]. - It is claimed that Clover's revenue growth was artificially inflated due to these conversions, masking a slowdown in new merchant acquisitions [3]. - Following the switch, many former Payeezy merchants reportedly moved to competitors due to Clover's high pricing and poor customer service [3]. - As a result, Clover's growth in Gross Payment Volume (GPV) and revenue was said to be unsustainable and significantly slowing [3]. - The lawsuit asserts that Fiserv's positive statements regarding Clover's growth strategies and business prospects were materially false and misleading [3]. Class Action Details - The class period for the lawsuit is defined as July 24, 2024, to July 22, 2025 [3]. - Shareholders are encouraged to register for the class action by September 22, 2025, to potentially be appointed as lead plaintiffs [4]. - Participation in the case does not incur any costs or obligations for shareholders [4]. Firm Background - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors affected by misleading statements [5].

Core Viewpoint - Robbins LLP has filed a class action on behalf of investors who acquired Fiserv, Inc. common stock during a specified period, alleging that the company misled investors regarding the growth prospects of its Clover platform [1][2]. Allegations - Fiserv allegedly forced Payeezy merchants to migrate to its Clover platform due to cost issues and problems with Payeezy, which temporarily boosted Clover's revenue and GPV growth, concealing a slowdown in new merchant business [2]. - Following the forced conversions, many former Payeezy merchants switched to competing solutions due to Clover's high pricing and inadequate customer service, leading to a significant slowdown in Clover's GPV growth and unsustainable revenue growth [2]. - The positive statements made by Fiserv regarding Clover's growth strategies and business prospects during the class period were claimed to be materially false and misleading [2]. Impact on Stock - The truth regarding these issues was revealed through a series of disclosures, resulting in a decline in Fiserv, Inc.'s stock and harming investors [3]. Next Steps for Shareholders - Shareholders interested in serving as lead plaintiffs must file their motions by September 22, 2025, while those who choose not to participate can remain as absent class members [4]. Company Background - Robbins LLP has been dedicated to helping shareholders recover losses and improve corporate governance since 2002, operating on a contingency fee basis where shareholders pay no fees or expenses [5].

Core Insights - The new U.S. law, known as the GENIUS Act, establishes the first federal regulations for stablecoins, paving the way for their integration into mainstream finance [1][5] - Major financial institutions, including Bank of America and Citigroup, are preparing to launch their own dollar-backed stablecoins, indicating a shift towards "on-chain finance" [1][8] - The rise of stablecoins is linked to the increasing demand for efficient payment systems and cross-border transactions, with significant growth in their usage observed [2][3] Regulatory Framework - The GENIUS Act, signed into law by President Trump, aims to promote the use of digital assets and provides official guidelines for stablecoins, which are typically pegged to the U.S. dollar [1][5] - The act requires issuers to comply with anti-money laundering (AML) and Know Your Customer (KYC) regulations, adding compliance costs for non-bank financial institutions [7][8] Market Dynamics - Stablecoins are seen as "on-chain dollars," backed 1:1 by high-liquidity dollar assets, offering a new payment medium that combines stability and efficiency [2][3] - The monthly settlement volume of stablecoins has reached approximately $650 billion to $700 billion, demonstrating their growing role in financial transactions [3] Tokenization Trends - The concept of tokenization, particularly Real-World Assets (RWA), is gaining traction, with predictions that the market for tokenized assets could exceed $18 trillion by 2033, growing at a CAGR of 53% since 2025 [4] - Tokenization allows traditional assets to be represented as digital tokens on the blockchain, enhancing efficiency and reducing settlement risks [3][4] Challenges and Considerations - Experts caution that the new regulations will not immediately simplify the process for companies looking to adopt stablecoins, as they must navigate complex regulatory and technological challenges [5][6] - Companies must determine the specific use cases for stablecoins, which could influence their decision to create proprietary stablecoins or integrate existing ones [7][8] Institutional Interest - Major banks are actively considering the issuance of their own stablecoins, with executives from Bank of America and Citigroup expressing interest in this area [8] - The regulatory landscape will significantly impact how banks approach stablecoin issuance, particularly regarding capital requirements and liquidity management [8][9] Blockchain Considerations - The choice between public and private blockchains for stablecoin issuance is a critical decision for companies, with banks likely favoring private or permissioned blockchains for enhanced governance and control [9][10] - The ongoing interest in established blockchain networks highlights the importance of reliability and scalability in the stablecoin ecosystem [10][11]

Core Viewpoint - Berger Montague PC is investigating claims against Fiserv, Inc. following a class action lawsuit alleging that the company overstated its growth by not disclosing issues with its Clover payment platform [1][3]. Group 1: Lawsuit Details - The class action lawsuit claims that Fiserv and certain executives failed to disclose that Clover's revenue growth was artificially inflated due to the forced transition of merchants from the legacy Payeezy platform [3]. - Investors who acquired Fiserv securities between July 24, 2024, and July 22, 2025, can seek to be appointed as lead plaintiff representatives by the deadline of September 22, 2025 [2][5]. Group 2: Financial Impact - Fiserv's share price experienced a significant decline following disclosures on July 23, 2025, when the company lowered its 2025 organic growth projections and confirmed decelerated growth in its Merchant segment [4].

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 22, 2025. There is no cost or obligation to you to participate in this case. CLASS PERIOD: July 24, 2024 to July 22, 2025 ALLEGATIONS: The complaint alleges that during the class period, Defendants is ...

Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by the forced conversions, masking a slowdown in acquiring new merchants [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fiserv, Inc. common stock between July 24, 2024, and July 22, 2025, of the September 22, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1][2] Group 1: Class Action Details - A class action lawsuit has been filed against Fiserv, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] - To join the class action, investors can submit a form or contact the law firm for more information [2][5] - The lawsuit claims that Fiserv made false and misleading statements regarding its Clover platform and the forced migration of Payeezy merchants, which concealed a slowdown in new merchant business [4] Group 2: Allegations Against Fiserv - The lawsuit alleges that Fiserv's Clover platform experienced temporary revenue growth due to forced conversions from the Payeezy platform, masking underlying issues [4] - It is claimed that many former Payeezy merchants switched to competing solutions due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's growth [4] - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3] - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by Law360, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [3]

Core Viewpoint - Fiserv, Inc. is facing a class action lawsuit due to significant declines in its stock price following disappointing growth figures for its Clover payment gateway, which has raised concerns about the company's business practices and transparency [1][5]. Group 1: Financial Performance - On April 24, 2025, Fiserv reported a gross payment volume (GPV) growth of only 8% for Clover in Q1 2025, a decline from the previous year's growth of 14% to 17% [2]. - Following this announcement, Fiserv's stock price dropped by $40.20, or 18.5%, closing at $176.90 per share [3]. - On May 15, 2025, Fiserv indicated that GPV growth deceleration would persist throughout 2025, leading to a further stock price decline of $30.73, or 16.2%, to $159.13 per share [3]. - On July 23, 2025, Fiserv lowered its full-year organic growth guidance and reported a deceleration in quarterly organic revenue in the Merchant segment to 9% year-over-year from 11%, resulting in a stock price drop of $22.98, or 13.8%, to $143.00 per share [4]. Group 2: Lawsuit Details - The class action lawsuit alleges that Fiserv made materially false and misleading statements and failed to disclose adverse facts about its business operations and prospects during the class period [5]. - Specific allegations include that Fiserv forced Payeezy merchants to migrate to Clover due to cost issues, which temporarily inflated Clover's revenue growth and concealed a slowdown in new merchant business [5]. - The lawsuit claims that many former Payeezy merchants switched to competitors due to Clover's high pricing and inadequate customer service, leading to a significant slowdown in Clover's GPV growth [5].