Fiserv(US:FI) Prnewswire·2025-09-06 16:10Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fiserv, Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by September 22, 2025 [1][3]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv and its executives made false or misleading statements regarding the performance of its Clover platform, particularly in relation to forced migrations from the older Payeezy platform [3]. - It is claimed that Clover's revenue growth and gross payment volume (GPV) were artificially inflated due to these forced conversions, masking a slowdown in new merchant acquisitions [3]. - Following the forced migrations, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's GPV growth [3]. Group 2: Market Reaction - On April 24, 2025, Fiserv reported a GPV growth of only 8% for Q1 2025, a significant decline from the previous year's growth rates of 14-17%, resulting in an 18.5% drop in stock price [4]. - Further disappointing disclosures on May 15, 2025, indicated continued deceleration in GPV growth, causing an additional 16.2% decline in stock price [4]. - On July 23, 2025, Fiserv lowered its full-year organic growth guidance and reported a decrease in quarterly organic revenue growth in the Merchant segment to 9% year-over-year from 11%, leading to a 13.9% drop in stock price [4].