Fiserv(FI)

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Fiserv Acquires Australian Payment Facilitator Pinch Payments
PYMNTS.com· 2025-04-08 17:28
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]
Fiserv Purchases CCV to Expand Clover Throughout Europe
PYMNTS.com· 2025-03-19 10:50
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]
Cydcor Recognized by Fiserv for Outstanding Revenue Performance in Clover Merchant Services
Newsfile· 2025-03-18 20:01
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]
Fiserv Gains From Growth in Clover Despite Increased Competition
ZACKS· 2025-03-12 16:35
Fiserv, Inc. (FI) shares have jumped 41.7% in the past year, outperforming the industry and the Zacks S&P 500 composite’s growth of 13.8% and 5.1%, respectively.One-Year Price Performance Image Source: Zacks Investment Research The company reported mixed fourth-quarter 2024 results. FI’s adjusted earnings per share of $2.51 beat the consensus mark by 1.2% and gained 14.6% year over year. Adjusted revenues of $4.9 billion missed the consensus estimate by 1.1% and declined marginally on a year-over-year basis ...
Fiserv Completes Acquisition of Payfare
Prnewswire· 2025-03-03 12:14
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 ...
Fiserv(FI) - 2024 Q4 - Annual Report
2025-02-20 12:34
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 ...
Fiserv: Attractive Earnings Growth Equity Story
Seeking Alpha· 2025-02-15 06:25
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 ...
Big Money Loves Fiserv Performance
FX Empire· 2025-02-14 12:43
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].
Fiserv Leads Javelin's 2025 Small-Business Point-of-Sale System Scorecard; Square and Epos Now Named Overall Leaders
GlobeNewswire News Room· 2025-02-13 15:10
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]
StoneX and Fiserv Partner to Enhance Cross-Border Payment Capabilities for Financial Institutions
Newsfilter· 2025-02-11 14:00
Group 1 - StoneX Group Inc. has partnered with Fiserv, Inc. to enhance its cross-border payments offering for financial institutions, particularly community banks and credit unions [1][3] - The partnership aims to leverage Fiserv's Payments Exchange Services, providing a flexible platform for real-time payments and foreign exchange capabilities [2][4] - This collaboration is part of StoneX's strategic vision to expand its reach and improve cross-border money movement, offering capabilities traditionally available only to larger financial institutions [3][4] Group 2 - The partnership addresses the need for competitive international payment solutions among community banks and credit unions, enabling them to better serve their diverse client base [4] - StoneX's infrastructure is designed to streamline processes and reduce costs associated with legacy systems, enhancing the overall client experience [3] - Fiserv recognizes the importance of foreign exchange and international payments in the product offerings of community banks and credit unions, aiming to elevate their competitive stance [4][5] Group 3 - StoneX Group Inc. operates a global financial services network, serving over 54,000 commercial and institutional clients, and more than 400,000 retail accounts [6] - The company is a Fortune 100 entity, headquartered in New York City, and listed on the Nasdaq Global Select Market [6] - Fiserv, a Fortune 500 company, is a leader in payments and financial technology, committed to innovation and excellence in various financial services [5]