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Fiserv Announces Acquisition of Smith Consulting Group
Crowdfund Insider· 2025-09-30 01:26
Core Insights - Fiserv, Inc. has acquired Smith Consulting Group (SCG), enhancing its operational consulting services for community banks and credit unions in the US [1] - The acquisition aims to strengthen Fiserv's position as a provider of core banking and advisory services, facilitating end-to-end transformation for its clients [1][1] - Financial terms of the transaction were not disclosed [1] Company Strategy - The addition of SCG allows Fiserv to embed deeper expertise into its service model, enabling earlier and smarter advisory solutions for financial institutions [1][1] - Fiserv and SCG have been partners for over a decade, indicating a strong historical relationship in supporting community banks and credit unions [1][1] Service Offerings - SCG provides consulting services across various Fiserv banking platforms, including DNA, Signature, and Bank Intelligence [1] - The consulting services focus on banking software system conversions, core operations, customer service, online and mobile banking, and other interfaces [1][1] Industry Position - Fiserv is recognized as a global enabler of payments and financial technology, committed to innovation in account processing, digital banking, and merchant services [1] - The acquisition of SCG aligns with Fiserv's goal to help financial institutions achieve growth with speed, clarity, and confidence [1][1]
Fiserv Launches Content Next to Accelerate AI-Driven Content Management and Workflow Optimization for Financial Institutions
Businesswire· 2025-09-29 17:30
Core Insights - Fiserv, Inc. has launched Content Next™, a next-generation, multi-tenant, cloud-based content management and workflow solution aimed at enhancing digital transformation in the banking sector [1] - The solution emphasizes agility, intelligence, and customer experience, indicating a shift towards more responsive and user-centric financial services [1] - Content Next™ was developed in collaboration with OpenText, a leader in secure information management for AI, highlighting a strategic partnership to bolster technological capabilities [1] Company Overview - Fiserv, Inc. is recognized as a leading global provider of payments and financial services technology, indicating its significant role in the financial technology landscape [1] - The introduction of Content Next™ reflects Fiserv's commitment to innovation and meeting the evolving needs of the banking industry [1] Industry Impact - The launch of Content Next™ is positioned to raise the standards for digital transformation in banking, suggesting a competitive advantage for institutions that adopt this technology [1] - The focus on customer experience and agility aligns with broader industry trends towards digitalization and enhanced service delivery in financial services [1]
OpenText™ and Fiserv Drive Resilient Information Management in Financial Services
Prnewswire· 2025-09-29 17:30
The joint showcase at Fiserv Forum Client Conference Sep. 29-30, 2025, highlights new solutions to reduce manual effort, strengthen governance and improve customer experiences , /PRNewswire/ --Â OpenTextâ"¢ (NASDAQ: OTEX, TSX: OTEX), a global leader in secure information management for AI, and Fiserv, Inc., a global leader in payments and financial technology, today announced Content Next, a specialized, AI-powered content management and workflow solution for financial institutions. Intelligent Content Work ...
Fiserv, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights – FI
Globenewswire· 2025-09-22 19:47
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by the forced conversions, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fiserv
Businesswire· 2025-09-22 17:51
Core Viewpoint - Fiserv, Inc. is under investigation for potential claims related to a federal securities class action, with a deadline for investors to seek lead plaintiff status set for September 22, 2025 [1] Group 1 - Faruqi & Faruqi, LLP, a prominent national securities law firm, is leading the investigation against Fiserv [1] - The investigation pertains to potential claims that may affect investors in Fiserv, Inc. [1] - The firm has multiple offices across New York, Pennsylvania, California, and Georgia [1]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fiserv
Globenewswire· 2025-09-21 12:44
Core 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 in a class action lawsuit by September 22, 2025 [4]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv and its executives made false and misleading statements regarding the performance of its Clover platform, particularly in relation to forced migrations from the older Payeezy platform [6]. - 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 business [6]. - Following the forced migrations, many former Payeezy merchants switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's GPV growth [6]. Group 2: Market Reaction and Stock Performance - On April 24, 2025, Fiserv reported a GPV growth of only 8% for Q1 2025, a decline from 14-17% in 2024, resulting in an 18.5% drop in stock price to $176.90 [7]. - On May 15, 2025, Fiserv announced that GPV growth deceleration would continue throughout 2025, causing a further 16.2% decline in stock price to $159.13 [7]. - On July 23, 2025, Fiserv lowered its full-year organic growth guidance and reported a deceleration in quarterly organic revenue growth to 9% year-over-year, leading to a 13.9% drop in stock price to $143.00 [7].
FISERV DEADLINE: ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Fiserv, Inc. Investors to Secure Counsel Before Important September 22 Deadline in Securities Class Action - FI
Globenewswire· 2025-09-20 02:26
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fiserv, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fiserv common stock purchase is from July 24, 2024, to July 22, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by September 22, 2025, to serve as lead plaintiff [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]. Group 3: Case Allegations - The lawsuit alleges that Fiserv made false and misleading statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older Payeezy platform [4]. - It is claimed that Clover's revenue growth was artificially inflated by these forced migrations, masking a slowdown in new merchant business [4]. - The lawsuit further alleges that many former Payeezy merchants switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's growth metrics [4].
Investors in Fiserv, Inc. Should Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights – FI
Globenewswire· 2025-09-19 20:45
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by these conversions, masking a slowdown in acquiring new merchants [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's GPV growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Deadline Soon: Fiserv, Inc. (FI) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
Businesswire· 2025-09-19 17:29
Core Points - A securities fraud class action lawsuit has been filed on behalf of investors who acquired Fiserv, Inc. common stock during the Class Period from July 24, 2024, to July 22, 2025 [1] - Investors who lost money on Fiserv, Inc. are reminded of the upcoming deadline to participate as a lead plaintiff in the lawsuit [1]
DEADLINE APPROACHING: Berger Montague Advises Fiserv, Inc. (NYSE: FI) Investors to Inquire About a Securities Fraud Class Action by September 22, 2025
Prnewswire· 2025-09-18 21:41
Core Viewpoint - Berger Montague PC is investigating potential securities fraud claims against Fiserv, Inc. following a class action lawsuit filed on behalf of investors who acquired Fiserv securities between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that Fiserv and certain executives overstated the Company's growth by failing to disclose that its new payment platform, Clover, was experiencing increased revenue growth and gross payment volumes due to the forced transition of merchants from its legacy Payeezy platform [3]. - Investors became aware of the true financial situation of Fiserv after a series of disclosures, culminating on July 23, 2025, when the Company lowered its 2025 organic growth projections and confirmed decelerated growth in its Merchant segment [4]. Group 2: Investor Information - Investors who purchased or acquired Fiserv securities during the Class Period have until September 22, 2025, to seek appointment as a lead plaintiff representative of the class [2].