Fiserv, Inc. (FI) Barclays 15th Annual Emerging Payments and FinTech Forum (Transcript)

Core Viewpoint - Fiserv management expresses strong confidence in achieving full-year commitments despite recent challenges, particularly regarding Clover's performance and revenue growth [5][6]. Group 1: Financial Performance - Clover's revenue for the first quarter showed a growth of 27%, following a 30% growth in the same quarter of the previous year, indicating robust performance [7]. - The company reaffirms its target of $3.5 billion in revenue for Clover, alongside commitments to organic revenue growth in the merchant and financial solutions sectors [6]. Group 2: Market Outlook - The reported Gross Payment Volume (GPV) for the first quarter and the outlook for the second quarter at 8% were noted as a surprise or disappointment, highlighting potential market challenges [7].