Fiserv's Shares Fall as Clover Growth Slows and Merchant Payments Processing Revenues Dip

Highlights Fiserv shares plummeted following the company’s first-quarter earnings report, which showed slowing growth in Clover point-of-sale operations and a decline in payments processing activity in the Merchant Solutions segment. The slowdown is tied to pullbacks in consumers’ discretionary spending, with declines seen specifically in categories like travel, hotels and restaurants. Executives said they are confident growth will accelerate as the year progresses, driven by executing on existing co ...