Fiserv's Clover Logs 30% Revenue Growth, Zelle Transactions Surge 44%

Fiserv’s most recent results show momentum as smaller businesses and financial institutions (FIs) alike invest in upgrading their digital and mobile capabilities and payments acceptance.Earnings supplementals released alongside the earnings announcement showed that the Merchant Acceptance segment recorded 24% organic revenue growth to $2.1 billion. Clover-related revenues gathered 30%, and management noted on the call that annualized gross payment volume stands at $271 billion, up 17%, with increased penetr ...