Fiserv, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. September 22, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - A class action lawsuit has been filed against Fiserv, Inc. for allegedly making misleading statements and failing to disclose critical facts regarding its payment technology platforms, particularly the transition from Payeezy to Clover, which has led to significant stock price declines [1][3][4]. Group 1: Allegations and Issues - The lawsuit claims that Fiserv compelled merchants to transition from its Payeezy platform to Clover due to cost and performance issues, which temporarily inflated Clover's gross payment volume (GPV) and revenue growth [3]. - It is alleged that many former Payeezy merchants abandoned Clover due to high fees and poor customer support, leading to unsustainable revenue growth and GPV expansion for Clover [3]. - Fiserv's GPV growth for Clover was reported at just 8% for Q1 2025, a decline from 14% to 17% in 2024, attributed to reduced transaction volumes from former Payeezy merchants [4]. Group 2: Stock Price Impact - Following the disclosure of the slowdown in GPV growth, Fiserv's stock price dropped more than 18% on April 24, 2025 [4]. - On May 15, 2025, Fiserv acknowledged that the GPV growth deceleration would continue throughout the year, resulting in an additional 16% decline in share price [5]. - On July 23, 2025, Fiserv revised its full-year organic growth guidance downward, confirming a decline in year-over-year revenue growth in its Merchant segment to 9% from 11%, leading to a nearly 14% drop in share price [6].