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 | Source: Fiserv, Inc.

MILWAUKEE, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that Raj Seshadri will join the Fiserv Board of Directors effective November 30, 2026. The Company also announced that Henrique De Castro would not seek reelection to the Board at the Company’s annual meeting of shareholders in 2027.

Seshadri currently serves as Senior Strategic Advisor to the Chief Executive Officer of Mastercard Inc. where she advises on emerging strategic priorities. Over her more than a decade career at Mastercard, Seshadri served as Chief Commercial Payments Officer, leading one of Mastercard's largest growth businesses encompassing commercial cards, B2B accounts payable and receivable solutions, bill payments, remittances, and disbursements. Before leading Commercial Payments, Seshadri served as President of Mastercard's Data & Services business, overseeing a global portfolio of analytics, insights, loyalty, cybersecurity, and innovation solutions. She also served as President of U.S. Issuers, where she led relationships with many of the nation's largest financial institutions.

Seshadri has also held numerous senior leadership positions at BlackRock, Citigroup, U.S. Trust, and McKinsey & Company. She currently serves on the Board of Directors of Raymond James Financial, Inc.

“Raj is a highly respected financial services and payments leader whose career has been defined by driving growth, innovation, and strategic transformation across banking, payments, and data analytics,” said Gordon Nixon, Chairman of the Board of Directors. “As we continue to accelerate innovation at the intersection of banking, and commerce, Raj's insights and perspective will be a tremendous asset to Fiserv and our Board.” Nixon concluded, “We are grateful to Henrique for his service on the Board and his lasting contributions. We thank him for his thoughtful counsel over many years.”

Seshadri’s appointment is consistent with the Board’s ongoing commitment to having the right mix of skills to advance Fiserv’s strategy and further enhances the Board’s collective expertise as Fiserv unites commerce and finance, powering sustained growth and innovation at scale for financial institutions and businesses around the world.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news. 

For more information contact:

Media Relations:
Melissa Moritz
Vice President, Communications
Fiserv, Inc.
[email protected] Contact:
Walter Pritchard
SVP, Investor Relations
Fiserv, Inc.
[email protected]

Multi-Year Agreement Extends Merchant Cybersecurity Protection Across North America and EMEA

, /PRNewswire/ -- VikingCloud, a cybersecurity and compliance company utilized by more than four million businesses worldwide, today announced a multi-year agreement with Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, to help businesses strengthen their cybersecurity defenses and simplify PCI compliance.

Beginning in early 2027, Fiserv will offer VikingCloud Cyber Risk Defense, an award-winning solution designed to help businesses identify, understand, and reduce cybersecurity risk through continuous monitoring and actionable guidance. 

"Business owners shouldn't have to become cybersecurity experts to protect what they've built," said Mark Brady, Chief Executive Officer at VikingCloud. "They've told us what they need: protection that works in the background, plain-language guidance on what to fix first, and peace of mind if something goes wrong. Together with Fiserv, we're giving merchants cybersecurity that simply works, so they can get back to running their business."

Cyber Risk Defense, named Best Security Compliance Solution at the 2026 teissAwards, helps protect merchants against common attacks, including phishing, ransomware, and business impersonation. The solution features a Security Score that combines VikingCloud's patented risk scoring with Mastercard's cyber risk intelligence, giving merchants a simple A-to-F grade that turns complex risk into something any owner can understand.

Every enrolled merchant gets measurable value from day one, including built-in cyber insurance. Merchants who choose to take a few simple steps unlock even more protection. The solution's modular architecture also provides flexibility for larger commercial and mid-market organizations seeking more advanced cybersecurity capabilities.

"For small and mid-sized businesses, staying secure is now part of staying in business," said Lia Cao, Chief Revenue Officer, Enterprise and Platforms, Fiserv. "By expanding our relationship with VikingCloud, we're helping merchants take a more proactive approach to cybersecurity with solutions that are simple to adopt, easy to understand, and designed to deliver continuous protection."

For more information on VikingCloud Cyber Risk Defense, visit https://www.vikingcloud.com/compliance-risk/cyber-risk-defense.

About VikingCloud

VikingCloud delivers cybersecurity and compliance solutions that simply work. Our expert-led approach combines proven technology and AI-driven insights with dedicated support, keeping businesses secure, audit-ready, and uninterrupted. VikingCloud is trusted by over 4 million business locations in 70+ countries to stop threats before they stop business, so they can work on what matters most. For more information, visit www.vikingcloud.com.

SOURCE VikingCloud

NEW YORK--(BUSINESS WIRE)--Klarna (NYSE: KLAR), the everyday finance network, will be available on Commerce Hub, Fiserv's (NASDAQ: FISV) enterprise commerce platform, for the first time. Merchants in the U.S., Canada, the U.K. and select European markets will be able to offer Klarna both in-store and online. The agreement follows Klarna's launch this week at 100,000 U.S. in-store merchant locations through Clover, Fiserv's point-of-sale platform for small businesses. With Klarna, consumers can.

Birch Hill Investment Advisors LLC lowered its stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 601,759 shares of the business services provider’s stock after selling 21,530 shares during the quarter. Fiserv comprises 1.2% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 28th biggest holding. Birch Hill Investment Advisors LLC owned 0.11% of Fiserv worth $27,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its position in shares of Fiserv by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after buying an additional 195 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares during the period. Intelligence Driven Advisers LLC increased its stake in shares of Fiserv by 4.0% during the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock valued at $296,000 after buying an additional 250 shares during the period. Plan A Wealth LLC raised its holdings in shares of Fiserv by 4.2% in the 3rd quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 277 shares in the last quarter. Finally, Gilpin Wealth Management LLC boosted its holdings in shares of Fiserv by 22.6% in the 3rd quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock valued at $69,000 after buying an additional 281 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance Shares of Fiserv stock opened at $47.55 on Friday. The firm has a market capitalization of $25.29 billion, a P/E ratio of 9.13, a P/E/G ratio of 4.74 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 52 week low of $43.87 and a 52 week high of $128.78. The firm’s 50 day moving average is $49.44 and its two-hundred day moving average is $52.76.

Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv’s quarterly revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 7.25 EPS for the current fiscal year. Analyst Upgrades and Downgrades FISV has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. UBS Group set a $60.00 price objective on Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. B. Riley Financial decreased their target price on shares of Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, September 28th. Truist Financial set a $53.00 target price on shares of Fiserv and gave the company a “hold” rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. lowered their price target on Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $69.17.

Check Out Our Latest Stock Analysis on Fiserv

Insider Buying and Selling In other news, Director Lance Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This represents a 58.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Fiserv Profile (Free Report)

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.

Further Reading Five stocks we like better than Fiserv Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Free Report).

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MILWAUKEE, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial technology, today announced that it has surpassed five million Clover® devices shipped worldwide, marking continued adoption for its all-in-one business management platform.

The milestone reflects the value Fiserv delivers to businesses around the world by combining payment acceptance, software, hardware and value-added services on a single platform. Clover helps businesses manage critical operations, create stronger customer experiences and access capabilities that support growth in an increasingly connected commerce ecosystem. By helping businesses operate more efficiently, and serve customers more effectively, Clover enables the seamless, personalized experiences consumers increasingly expect.

Since reaching 1 million devices shipped worldwide in 2018, Fiserv has continued to expand the scale and reach of Clover:

1 million devices shipped worldwide as of 20182 million devices shipped worldwide as of 20213 million devices shipped worldwide as of 20234 million devices shipped worldwide as of 20255 million devices shipped worldwide as of 2026
“This milestone starts with our clients and the millions of businesses they serve,” said Takis Georgakopoulos, Chief Executive Officer, Fiserv. “Every Clover device connects a business to the broader capabilities of Fiserv, helping it accept payments, simplify operations and create better experiences for customers. Reaching 5 million devices shipped reflects the trust our clients place in Fiserv and strengthens our commitment to delivering the innovation, reliability, and scale they need to compete, grow, and succeed as commerce evolves.”

Clover gives businesses the flexibility to bring together payment acceptance, business management and customer engagement capabilities through an integrated platform. Its hardware, software and services can support a range of operational needs and commerce experiences, helping businesses manage more of their operations in one place.

For more information about Clover, visit www.clover.com.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

Media Relations:

Melissa Moritz
Vice President, External Communications
[email protected]

, /PRNewswire/ -- Fulton Bank is now offering CashFlow Central® from Fiserv, a single, integrated payments hub, designed to help small businesses better manage accounts receivable and accounts payable in one digital experience.

Available through Fulton's small business mobile and online platforms, CashFlow Central helps business owners streamline payment activities, improve visibility into cash flow, and spend less time on manual processes so they can focus on growing their businesses.

"With CashFlow Central, we're delivering a more modern, efficient way for small businesses to manage their money," said Phil Smith, Fulton Bank Director of Business Banking. "By bringing invoicing, payments, and reporting into a single hub, this service gives our customers the tools they need to stay organized, get paid faster, and operate with greater confidence."

Key features of CashFlow Central include:

Consolidation of accounts payable and receivable in a single platform for invoicing, vendor payments and payment tracking Enablement of payments by bank transfer or business credit card Provision of real‑time payment status and visibility to reduce manual tracking Integration with widely used accounting software to streamline reconciliation Enhanced cash management capabilities with the Insights Dashboard, providing greater visibility into incoming and outgoing payments Accessible through mobile and online banking channels with scalable package options to support growing business needs Fulton Bank collaborated with Fiserv, a global payments and financial technology company, to deliver this solution to small business customers via Fulton's mobile and online banking platforms.

"CashFlow Central gives financial institutions a powerful way to extend their value beyond traditional banking by helping small businesses simplify how they manage and move money," said Justin Jackson, Head of CashFlow Central, Fiserv. "By bringing payables, receivables and visibility into one experience, Fulton Bank is equipping its business clients with tools that reduce friction, improve cash flow insight and support day‑to‑day growth."

The addition of CashFlow Central reflects Fulton Bank's ongoing commitment to supporting small businesses with practical, digital solutions tailored to their evolving needs.

For more information, visit Fulton Bank's website at www.fultonbank.com/cashflowcentral.

About Fulton Bank
Headquartered in Lancaster, Pa., Fulton Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Fulton Financial Corporation (Nasdaq: FULT), a $34 billion financial services holding company, Fulton Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. At Fulton Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,400 employees to do the same. Through the Fulton Forward® initiative, we're helping build vibrant communities. Learn more at www.FultonBank.com. Fulton Bank, N.A., Member FDIC.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America's Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

Media Contact:

Rachel Sharkey

(717) 291-2831

SOURCE Fulton Bank, NA

MILWAUKEE, Wis., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, will announce its third quarter financial results before the market opens on Tuesday, November 3, 2026. The company will discuss its results in a live webcast at 7 a.m. CT (8 a.m. ET) on November 3, 2026. The webcast, along with supplemental financial information, can be accessed on the investor relations section of the Fiserv website at investors.fiserv.com. A replay will be available approximately one hour after the conclusion of the live webcast.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. At the intersection of banking and commerce, the company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, eCommerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

For more information contact:

SAN DIEGO--(BUSINESS WIRE)--Trulioo, a global risk intelligence platform, today announced a collaboration with Fiserv, a leading global provider of payments and financial technology solutions. Trulioo will bring its person and business verification capabilities to Fiserv, helping its clients streamline onboarding and underwriting across global markets. Onboarding and underwriting depend on confirming that applicants are who they say they are and that businesses are legitimate. These checks can.

MILWAUKEE, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced that its digital asset platform is live with financial institution clients, marking a significant milestone in the commercialization of stablecoin-enabled banking and payments.

The platform’s first live use case is Roughrider Coin, Bank of North Dakota’s dollar-backed stablecoin designed to enable more efficient money movement across the state’s interbank network. VersaBank serves as issuer for Roughrider Coin, Fireblocks is providing secure digital asset infrastructure and tokenization services, and transactions are processed on the Solana blockchain.

“The launch of our digital asset platform is an important milestone for Fiserv and the financial institutions we serve,” said Sunil Sachdev, Head of Embedded Finance and Digital Assets at Fiserv. “By moving from concept to production with leading institutions, we are helping clients unlock new efficiencies in banking and payments while maintaining the trust, security and regulatory standards they expect.”

Participating banks and credit unions will access Roughrider Coin through Commercial Center, Fiserv’s commercial online banking system that financial institution clients rely on today for traditional interbank money movement.

Roughrider Coin Launches as First Live Use Case

Bank of North Dakota is using the Fiserv platform’s issuance, reserve, custody and settlement infrastructure to deploy Roughrider Coin across the state’s banking and payments workflows. The dollar-backed stablecoin gives more than 90 participating banks and credit unions in North Dakota a more efficient way to conduct bank-to-bank transactions while establishing a foundation for additional digital money use cases.

“Bank of North Dakota proudly works alongside our financial partners to strengthen agriculture, commerce and industry across our state,” said Don Morgan, chief executive officer of Bank of North Dakota. “Launching Roughrider Coin with Fiserv builds on that legacy by giving our partner community banks and credit unions a new tool to move money more efficiently across North Dakota’s interbank network. We are proud to lead this next chapter in banking innovation while supporting the continued strength, resilience and relevance of North Dakota’s financial industry.”

VersaBank, a North American leader in business-to-business digital banking and digital asset technology, issues Roughrider Coin and provides custody services. Its role includes minting, burning, custody and reserve asset management—core functions that enable financial institutions to operate stablecoins within a nationally regulated framework.

“VersaBank is proud to partner with Fiserv to build and operate the first product on its digital asset platform,” said David Taylor, Founder and President, VersaBank. “Pairing Fiserv’s scale with VersaBank’s regulated digital asset capabilities gives the industry a trusted foundation to bring stablecoins into established banking and payment systems.”

The Fiserv Digital Asset Platform helps financial institutions, corporates, marketplaces and fintechs enable emerging stablecoin use cases, including stablecoin card issuance, cross-border payments, programmable commerce and treasury automation. The platform also supports tokenized deposits, global currency account services, including U.S. dollar accounts for financial institutions worldwide.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news. 

For more information contact:

Media Relations:
Chase Wallace
Director, External Communications
Fiserv
[email protected]

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Fiserv Inc. (NASDAQ:FISV) is trending Thursday after the company announced Tuesday that the Winnipeg Blue Bombers of the Canadian Football League selected its Clover platform to power commerce operations across its venue, alongside older reports of bank interest in its debit networks and recent analyst activity.

Fiserv stock is trading flat. What’s ahead for FISV stock? Clover Extends Venue Commerce Reach in CanadaClover now supports six of the nine CFL venues, offering integrated payment acceptance and venue operations tools designed for high-volume, peak-event environments. The platform combines payment processing, point-of-sale technology, and venue management within a single system, with features like LTE connectivity, Wi-Fi flexibility, and offline transaction capabilities intended to support business continuity during events. Venue operators also gain access to centralized operational reporting and business insights.

“Today, Clover supports six of the nine CFL venues, helping organizations deliver fast, reliable, and seamless commerce experiences for fans through integrated payment acceptance and venue operations tools,” said Brian Green, General Manager of Clover Canada at Fiserv. “The Winnipeg Blue Bombers partnership is the most recent example of Clover’s growth across Canada, reinforcing our position as a leading commerce platform used in venues across the region.”

“Clover empowers our staff at Princess Auto Stadium to provide a top quality experience to our fans,” said Wade Miller, President and CEO of the Winnipeg Blue Bombers.

Banks Reportedly Eyed Fiserv’s Debit Networks in JulySeparately, reports first surfaced in early July that major U.S. banks — including JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group — had held preliminary talks about acquiring Fiserv’s STAR and Accel debit-card processing networks, a deal reportedly valued as high as $15 billion. That interest, which briefly lifted Fiserv shares, stems from banks’ desire to bypass Durbin Amendment fee caps by owning the underlying payment network. The talks were described as tentative, with no certainty a transaction would materialize, and there have been no confirmed updates since.

Analyst ActivityTD Cowen analyst Bryan C. Bergin reiterated a Hold rating on Fiserv on Sept. 3 and maintained a $55 price target.

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Fiserv Shares Trade FlatFISV Price Action: At the time of publication, Fiserv shares are trading 0.11% lower at $45.90, according to data from Benzinga Pro.

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Fiserv (NASDAQ:FISV – Get Free Report) and Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, valuation and dividends.

Analyst Ratings This is a summary of current ratings and recommmendations for Fiserv and Figure Technology Solutions, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Fiserv 4 25 6 0 2.06 Figure Technology Solutions 1 2 6 2 2.82 Fiserv presently has a consensus target price of $74.20, suggesting a potential upside of 57.24%. Figure Technology Solutions has a consensus target price of $52.88, suggesting a potential upside of 48.99%. Given Fiserv’s higher probable upside, research analysts plainly believe Fiserv is more favorable than Figure Technology Solutions.

Profitability This table compares Fiserv and Figure Technology Solutions’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Fiserv 13.42% 15.80% 5.12% Figure Technology Solutions 33.45% 18.90% 9.46% Institutional and Insider Ownership 91.0% of Fiserv shares are held by institutional investors. 0.1% of Fiserv shares are held by insiders. Comparatively, 26.6% of Figure Technology Solutions shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Earnings and Valuation This table compares Fiserv and Figure Technology Solutions”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Fiserv $20.87 billion 1.20 $3.48 billion $5.21 9.06 Figure Technology Solutions $700.90 million 9.40 $133.86 million $0.93 38.16 Fiserv has higher revenue and earnings than Figure Technology Solutions. Fiserv is trading at a lower price-to-earnings ratio than Figure Technology Solutions, indicating that it is currently the more affordable of the two stocks.

Summary Figure Technology Solutions beats Fiserv on 8 of the 13 factors compared between the two stocks.

About Fiserv (Get Free Report)

Fiserv, Inc., together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments. The Merchant Acceptance segment provides merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Clover, a cloud based POS and integrated commerce operating system for small and mid-sized businesses and independent software vendors; and Carat, an integrated operating system for large businesses. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners in the form of joint venture alliances, revenue sharing alliances, and referral agreement. The Financial Technology segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, check processing, and other products and services. The Payments and Network segment offers card transactions, such as debit, credit, and prepaid card processing and services; funds access, debit payments, cardless ATM access, and surcharge-free ATM network; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves merchants, banks, credit unions, other financial institutions, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Milwaukee, Wisconsin.

(Get Free Report)

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market. As a result, Figure has grown quickly and profitably, with net income of $29 million and Adjusted EBITDA of $83 million, for the six months ended June 30, 2025, and accumulated deficit of $292 million and total stockholders’ equity of $404 million, as of June 30, 2025, and net income of $20 million and Adjusted EBITDA of $101 million, for the year ended December 31, 2024, and accumulated deficit of $321 million and total stockholders’ equity of $363 million, as of December 31, 2024. The infrastructure supporting capital markets today is fragmented and operates on legacy systems which employ antiquated processes for loan approvals and transaction processing. This creates process and cost inefficiencies in serving consumer credit markets and limits the development of alternative marketplaces. Furthermore, the manual elements underpinning the records of ownership and transfer of financial and real assets constrain liquidity, maintain elevated costs, and are error-prone. Figure aims to address these challenges by using blockchain-based technology to innovate beyond legacy processes. We built a transformative, scaled and fast growing technology platform that displaces trust with truth in the financial ecosystem. Our platform also supports legacy systems, and our goal is to shift customer adoption towards blockchain-based solutions. Furthermore, our technology significantly reduces complexity and increases speed for market participants across the application, underwriting, funding and subsequent capital markets processes. Using our proprietary Loan Origination System (“LOS”), the time it takes to fund a home equity loan from application has been reduced to a median of 10 days from an industry median of approximately 42 days (based on data from industry sources) as of June 30, 2025. In comparison, for asset classes outside of mortgages, such as personal loans, there are many loan originators that utilize digitized, fast and automated processes that can fund as fast as same-day or often in as little as three to five days. Additionally, the average production cost per loan was reduced to approximately $730 for the year ended December 31, 2024 from a mortgage industry average of $11,230 for the quarter ended December 31, 2024, according to the Mortgage Bankers Association (“MBA”). This is a result of our entirely automated application process that takes as little as five minutes to complete and as few as five days to fund. Our platform automates income verification and offers customers the ability to redraw without incurring closing or out-of-pocket costs. Additionally, our platform employs an automatic valuation model, replacing the traditional, time-consuming appraisal process, and utilizes a digital lien matching process instead of the traditional analog title search. It also facilitates remote closings, including remote notaries, in jurisdictions where permitted by applicable laws. Importantly, we offer a liquid capital market for loans in connection with this low cost, automated and blockchain-based origination engine. Our technology enables the immutable recording of all assets and their key information on Provenance Blockchain. Provenance Blockchain, an independent Layer 1 blockchain, provides the scale, security, speed and cost structure to facilitate activity across the broad financial services landscape as a record of truth for assets. Using loans as an example, this authenticity record provides a validation mechanism to support the traditional, off-chain processes we use for tracking and monitoring loan transactions. This record provides verified information regarding the chain of ownership for all of the loans originated on our platform. Adoption of our technology has scaled significantly with every asset passing through Figure’s system being recorded on Provenance Blockchain and accumulating over $50 billion in both real-world and digital asset transactions from our launch in late 2018 to June 30, 2025. According to data from RWA.xyz, our real-world assets total value locked is approximately $11 billion as of August 1, 2025 and our share of tokenized private credit is approximately 75% based on the value of outstanding loans originated as of August 1, 2025. Further, 80% of loans originated through our LOS, which include loans originated by Figure as well as by our partners, for the six months ended June 30, 2025 utilized our DART platform, our lien and eNote registry that is built on Provenance Blockchain, compared to only 2% of loan originations for the year ended December 31, 2024. Loans originated by our partners utilizing DART accounted for 80% of Partner-branded loans and 62% of all loans originated by our LOS (including wholesale (brokered) transactions) for the six months ended June 30, 2025. We pay a minimal amount in the form of HASH for our use of the Provenance Blockchain. HASH is the utility token of the Provenance Blockchain and therefore gas fees (usage fees) are paid in HASH. A small amount of HASH is required to complete each transaction, and we pay these fees on behalf of all participants for any activity they complete with our assets. The average gas fee has been less than one HASH since 2018, which is equivalent to approximately $0.026. We began addressing the consumer credit market in 2018 with our Figure-branded product, which catered to direct-to-consumer home equity loans. We then expanded further through Partner-branded strategies, in which a growing number of partners use our technology to independently originate home equity loans. For the last twelve months ended June 30, 2025, we facilitated approximately $6 billion of home equity lending, representing an increase of 29% compared to the twelve months ended June 30, 2024. For the year ended December 31, 2024, we facilitated approximately $5 billion of home equity lending, representing an increase of 51% compared to the year ended December 31, 2023, and a compound annual growth rate of 70% since June 30, 2021. As of June 30, 2025 we had 168 active partners. Our relationship with our partners is based on our partners’ right to use our solutions. Once a partner is approved and onboarded, the partner enters into a contractual agreement with us for the right to use our LOS and Figure Connect marketplace in exchange for fees. These agreements typically have a fixed term with auto-renewals unless notice is given to terminate, are non-exclusive and do not obligate our partners to use our solutions. In June 2024, we launched Figure Connect, an electronic marketplace that employs blockchain technology, to directly connect sellers and buyers of loans. During the short period of 12 months from launch in June 2024 to June 2025, approximately $1.3 billion in home equity line of credit (“HELOC“) volume was transacted on Figure Connect by third parties and 27 total marketplace participants (across loan originators, buyers and investors) were onboarded as of June 30, 2025. With our technology applicable to the broader capital markets, we are expanding beyond our foundational solutions by developing trading and investing products. One example is Figure Exchange, a digital asset marketplace that provides customers advantages for crypto-trading, such as cross-asset collateralization for margin lending. Another example is YLDS, a groundbreaking interest-bearing peer-to-peer transferable stablecoin that is both native to a public blockchain and a security registered with the Securities and Exchange Commission (“SEC”). YLDS has many use cases resulting from its status as a security, including yielding collateral for institutions, cross-border payments and serving as the de-facto currency of Figure Exchange. For the six months ended June 30, 2025, we did not generate revenue from Figure Exchange and revenue generated from YLDS was less than $1 thousand. We believe that we have established a regulatory and licensing apparatus which sets us apart from our competitors and enables us to continue expanding our diverse product offering. We currently have more than 180 lending and servicing licenses, 48 money transmitter licenses, and are an SEC-registered broker-dealer with authority to operate an alternative trading system (“ATS”), which operations are conducted in accordance with SEC and Financial Industry Regulatory Authority (“FINRA”) rules and regulations. We generate revenue from the volume transacted on our marketplaces and through the use of our proprietary technology. We earn volume-based fees from partners and users who utilize our technology solutions to transact in our ecosystem. Within this usage-based model, we target positive unit economics in each of our solutions. In addition to our growing stream of ecosystem and technology fees, we also earn origination, gain on sale, and servicing revenue from assets generated through our LOS. During the six months ended June 30, 2025, HELOCs comprised over 99% of our total loan originations. For the year ended December 31, 2024, approximately 82% of our total net revenue was generated from origination fees, gain on sale of loans, servicing fees and interest income from assets generated through our LOS from both Figure and our network of partners. For the six months ended June 30, 2025, this represented approximately 76% of total net revenue, as revenue from Figure Connect and other new products grew faster than the solely LOS-driven revenue sources. We have grown quickly in a capital-efficient manner since our founding, and more recently have achieved strong and growing profitability. Our principal executive offices are located in Reno, NV.

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Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and MastercardFiserv NASDAQ: FISV CEO Takis Georgakopoulos said the company is prioritizing customer service, platform stability, product simplification and faster execution of its technology roadmap as it works to improve performance across its Financial Solutions and Merchant Solutions businesses.

Speaking alongside Chief Financial Officer Paul Todd, Georgakopoulos said he has spent his first three months as CEO meeting with banking clients to assess whether the company’s strategy aligns with their priorities. He said clients have supported Fiserv’s core-banking strategy and investments in platform stability, coverage teams and customer service, while emphasizing the need for sustained execution.

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Operating as One Company 3 Tech ETFs That Could Bounce Back After the AI SelloffGeorgakopoulos said Fiserv is seeking to operate more cohesively across its segments in order to better use assets that serve both financial institutions and merchants. He cited the company’s issuing platform, debit network, StoneCastle deposit platform, Finxact ledger, Commerce Hub gateway and Vision Next issuing platform as areas where greater coordination could create growth opportunities.

“The way we were structured, we were underutilizing or under-leveraging those synergies,” Georgakopoulos said. Fiserv is organizing products by customer segment rather than by separate business divisions, he said.

Block’s Pivot to Profits and AI Is Turning HeadsThe company is also conducting a review of all parts of its business to determine where it has a right to win against competitors. While the review is ongoing, Georgakopoulos said investments in platform stability and other operational improvements will continue regardless of its eventual conclusions.

Financial Solutions Turnaround and Portfolio Simplification In Financial Solutions, Georgakopoulos said long sales cycles mean current client departures can reflect service problems from years earlier. Still, he said the number of clients leaving Fiserv and the dollars associated with those departures were “down quite significantly” year to date in 2026 compared with 2025.

He attributed the improvement to better platform stability, coverage and service. The company has also shifted conversations with banks away from core conversions and toward services that can add value, including issuing, Clover, Cash Flow Central, artificial intelligence and other products.

Fiserv has divested two businesses and expects to continue evaluating standalone operations that do not meet its growth or margin objectives. Georgakopoulos said a major part of Project Elevate involves consolidating duplicated products and technology stacks accumulated through acquisitions.

For example, he said Fiserv previously had 14 merchant gateways. The company has selected Commerce Hub as its target gateway architecture and has shifted more than 80% of its technology resources toward its development, while maintaining other systems ahead of eventual decommissioning.

Project Elevate, Margins and Technology Spending Management said Project Elevate has identified $500 million in savings and is expected to contribute 200 basis points of cumulative margin expansion over several years. Georgakopoulos said the opportunities mainly stem from overlapping products, projects and capabilities, as well as artificial-intelligence deployment in technology and operations.

Todd said Fiserv’s cost base is roughly 60% fixed, supporting natural operating leverage of about 50 basis points. The company expects Project Elevate’s margin benefits to be back-loaded, with the expected 2029 impact nearly twice the impact projected for 2027.

The company also disclosed an incremental $100 million technology-infrastructure investment, primarily in Financial Solutions. Georgakopoulos said the investment followed testing against Frontier AI models and was intended to accelerate remediation of security vulnerabilities as advanced AI capabilities become more widely available. Todd said Fiserv expects to manage its expense base to absorb the spending while continuing to target annual margin expansion.

Growth Outlook for Clover and AI Products Todd said Fiserv expects adjusted revenue to decline 1% to 3% in the third quarter due to non-recurring comparison dynamics, followed by mid-single-digit growth in the fourth quarter. He said sequential improvement is expected across segments, and management has a high level of visibility into implementation schedules.

Management said the fourth quarter should provide a cleaner comparison between reported revenue and underlying business volumes. Todd said Clover volume growth is already at the low end of the company’s 10% to 15% target range, while revenue growth adjusted for certain items is at the low end of its 15% to 20% target.

Potential Clover growth drivers include Clover Capital, Clover Cash, additional value-added services and migration of customers from older systems. Fiserv is expanding Clover’s ability to serve larger and multi-location small businesses, a capability Georgakopoulos said is expected early next year. The company has partnered with Tabit for high-end restaurants and Rectangle for healthcare to add specialized software to Clover’s offering. Georgakopoulos also discussed agentOS, an AI offering designed to help banks automate processes while retaining human oversight. He said Fiserv sees the product as both an AI solution and an orchestration layer linking bank functions to core systems, with monetization expected through the platform’s economics and value-based pricing for automation.

Capital Allocation Todd said Fiserv’s first capital-allocation priority remains reducing leverage below 3 times. The company is targeting a 2.5-times to 3-times leverage range over the 2027-to-2029 cycle, citing the importance of maintaining its investment-grade rating.

After deleveraging, Todd said the company’s highest priority for excess free cash flow is share repurchases, particularly as EBITDA growth supports additional natural deleveraging. Georgakopoulos said buybacks would be a high priority once the company is below its leverage target, though management would also consider interest rates, the share price and other available uses of capital.

About Fiserv (NASDAQ:FISV)Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company's products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Fiserv, Inc. (FISV) Goldman Sachs Communacopia + Technology Conference 2026 September 10, 2026 5:25 PM EDT

Company Participants

Takis Georgakopoulos - CEO & Director
Paul Todd - Chief Financial Officer

Conference Call Participants

William Nance - Goldman Sachs Group, Inc., Research Division

Presentation

William Nance
Goldman Sachs Group, Inc., Research Division

All right. We're going to get started on the next session. I am pleased to have a twofer here. We have Takis Georgakopoulos, Fiserv CEO and Paul Todd, Fiserv CFO. Thank you both for joining us.

Takis Georgakopoulos
CEO & Director

Thank you.

Question-and-Answer Session

William Nance
Goldman Sachs Group, Inc., Research Division

All right, Takis. To open this up, you've been in the CEO seat for almost 3 months now. We've heard a lot from the team at Investor Day in May about the company's strategy. You since talked about bringing more urgency and focus to the execution. So could you talk about your top priorities and are there any areas where you've made tweaks to what was previously communicated at that Investor Day?

Takis Georgakopoulos
CEO & Director

Yes. So first of all, thank you for having us. I would say, overall, in terms of the priorities of the company, as we communicated with the One Fiserv priority. These are pretty self-explanatory things. They're about improving customer service, focusing on clients, improving platform stability, capital allocation, Clover, et cetera, these are all obvious things that we need to continue working on. And that's why I focus so much on the continuity post the transition so that people continue to work on those things. And we continue to make progress for our customers.

If anything, there are kind of 2 areas in which I'm focused more on. And I spent a lot of time on the fixed side in the past

MILWAUKEE, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for August 2026, revealing a continued divide between consumer spending and consumer visits. While small business sales increased 1.3% year over year, foot traffic declined for the tenth consecutive month as consumers spent more per visit and remained selective in where and how often they made purchases.

The seasonally adjusted Fiserv Small Business Index remained at 145 in August. Overall sales rose +1.3% year over year but slipped -0.2% compared to July. Average tickets were up +3.0% year over year, helping offset a -1.8% decline in transactions.

“For many small business categories, August reinforces a trend we’ve seen throughout much of the year: consumers are still spending, but they're making fewer trips and becoming more deliberate with their purchases,” said Prasanna Dhore, Chief Data Officer, Fiserv. “With traffic declining and households continuing to prioritize value, each customer visit matters more for small businesses.”

Key Takeaways

Foot traffic pressure persists across Restaurants
Restaurant spending remained largely flat as fewer visits weighed on growth. Food Services and Drinking Places sales fell -0.3% year over year but grew +0.3% compared to July. Average tickets rose +2.6% year over year, while transactions fell -2.9%. Limited-Service Restaurants saw the steepest decline, with sales down -2.5% year over year as transactions fell -4.2%. Full-Service Restaurants performed better, with sales up +0.9% year over year as visits declined only -0.7%.

Gasoline sales climbed while grocery sales slipped
Gas Station sales rose +15.1% year over year and +1.4% month over month. Average tickets rose +16.3% year over year as oil markets continued to react to geopolitical pressures. Transactions fell -1.2% year over year, a signal that consumers are filling up less often. Food and Beverage Retailer sales softened, with sales down -1.4% year over year and -1.1% month over month. Lower demand and value seeking pushed average grocery tickets down -1.2% year over year.

Retail growth slowed
Total Retail sales rose +0.6% year over year as foot traffic grew +0.7%. However, momentum was challenged month over month, as sales fell -0.8% and foot traffic declined 0.6%. Despite inflation pressures, average tickets have remained nearly flat across Retail this year, suggesting that consumers continue to seek value and manage spending. Gasoline Stations and Building Materials were the only Retail subsectors with growth over July, while year-over-year growth was broadly achieved across many Retail categories.

Essentials again outpaced discretionary spending
Essentials grew +1.8% year over year, about twice the +0.9% growth in Discretionary spending. This was largely due to foot traffic erosion from Discretionary categories (-2.0% year over year) at twice the pace of essentials (-1.0%). Average tickets were up evenly across both areas. Goods and Services each grew +1.3% year over year, but for different reasons. Goods growth came primarily from foot traffic growth of +0.7%, while Services leaned entirely on higher prices. Average tickets for Services grew +3.9% while transactions fell -2.7%.

To access the full Fiserv Small Business Index, visit fiserv.com/FiservSmallBusinessIndex.

About the Fiserv Small Business Index®

Published in the first week of each month, the Fiserv Small Business Index is based on aggregated consumer spending activity across the U.S. small business economy. Unlike surveys or sentiment data, the Index uses point-of-sale data from card, cash and check transactions made in stores and online at approximately 2 million U.S. small businesses, including hundreds of thousands that use the Clover point-of-sale and business management platform.

Benchmarked to 2019, the Fiserv Small Business Index measures consumer spending and includes a transaction index that tracks customer traffic. A simple interface lets users view data by region, state and business type using North American Industry Classification System (NAICS) categories. With detailed industry classifications, the Index covers 56 standardized level-6 national industries across 26 subsectors and 13 sectors, helping users track sales trends and understand the forces shaping the U.S. small business economy. 

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

For more information contact:

Media Relations:
Chase Wallace
Director, Communications
+1 470-481-2555
[email protected]

Fiserv remains a 'Strong Buy,' with pessimism priced in and significant asset value, notably in Clover. Activist pressure and potential asset sales, including the debit card network, could unlock value and catalyze a re-rating. Recent results show margin compression and revenue declines, but margin recovery and revenue growth are expected in late 2026 and 2027.

MILWAUKEE, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in an upcoming investor conference in September.

Takis Georgakopoulos, Chief Executive Officer, and Paul Todd, Chief Financial Officer, will represent Fiserv at the Goldman Sachs 2026 Communacopia + Technology Conference at 5:25 p.m. ET on September 10, 2026

Live webcasts and archived replays will be available on the investor relations section of the Fiserv website at investors.fiserv.com.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. At the intersection of banking and commerce, the company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, eCommerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

Key Takeaways Fiserv cut 2026 organic growth guidance to negative 1% to flat and EPS guidance to $7.20-$7.40.FISV's Q2 organic revenues fell 5%, while adjusted operating margin dropped to 31.8% from 39.6%.Clover GPV rose 9%, while Fiserv generated $1.1 billion in second-quarter free cash flow. Fiserv, Inc. (FISV - Free Report) reset near-term expectations after a weaker second quarter and a reduced 2026 outlook. Adjusted earnings, revenues and margins all moved lower from the prior-year period, while organic revenue declined across both operating segments.

The investor question is whether this reflects a temporary disruption or a more persistent execution problem. Clover growth and healthy cash generation provide offsets, but the revised guidance and weaker profitability keep pressure on the near-term earnings picture.

Fiserv's Q2 Miss Shows Broad-Based WeaknessAdjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 by 2.7% and declined 26% year over year. Adjusted revenues were $4.96 billion, while organic revenues fell 5% in the second quarter.

The weakness was not confined to one business. Organic revenues declined 1% in Merchant Solutions and 8% in Financial Solutions, showing that the quarter's pressure extended across both operating segments rather than reflecting a single isolated shortfall.

Guidance Cut Resets FISV's 2026 BaselineFiserv lowered its 2026 organic revenue growth outlook to negative 1% to flat from the prior 1%-3% range. Adjusted earnings guidance was reduced to $7.20-$7.40 per share from $8-$8.30.

The company also cut its adjusted operating margin outlook to 31%-31.5% from about 34%. The new ranges point to materially lower revenue growth and profitability expectations than management had outlined earlier in the year.

Financial Solutions Deepens Fiserv's DragFinancial Solutions revenues fell 8% to $2.36 billion in the second quarter. Operating income declined to $912 million from $1.24 billion, while the segment's operating margin contracted to 38.7% from 48.7%.

The pressure is relevant in a competitive financial-technology market. Fidelity National Information Services, Inc. (FIS - Free Report) provides digital, core and payments technology to financial institutions, while Global Payments Inc. (GPN - Free Report) offers payments technology, point-of-sale software and commerce-enablement solutions through its Merchant Solutions business.

Fiserv's Cost Base Intensifies Margin PressureAdjusted operating income declined to $1.58 billion from $2.06 billion, and adjusted operating margin fell to 31.8% from 39.6%. The decline shows that weaker revenues were accompanied by a much sharper compression in profitability.

The quarter included $187 million of One Fiserv transformation program expenses, $40 million of severance costs and $23 million of merger and integration costs. These items added to company-wide pressure even as management continued its broader operating transformation.

Clover and Cash Flow Offer FISV CounterweightsClover remained a counterweight to the broader slowdown. Reported gross payment volume, or GPV, increased 9%, while value-added services revenues rose 10%. Value-added services penetration also improved to 25% from 24% a year earlier.

Fiserv generated $1.1 billion of free cash flow in the second quarter, equal to 112% of adjusted net income. That cash generation gives the company financial flexibility while it works through weaker revenue growth and margin pressure.

FISV's Ratings Reinforce a Cautious Near-Term ViewThe lowered outlook, weaker profitability and downward estimate revisions support a cautious near-term view. The Zacks Consensus Estimate for current-year earnings has fallen 10.5% over the past four weeks.

FISV currently carries a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Its Value Score of A points to favorable value characteristics, but the Growth Score of D and Momentum Score of D indicate weaker growth and price-momentum traits. The VGM Score of C reflects a mixed combined profile, while the Zacks Rank suggests a less favorable near-term setup despite the stronger Value Score.

BlackRock Inc. bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,399,822 shares of the business services provider’s stock, valued at approximately $2,079,711,000. BlackRock Inc. owned about 7.95% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Kimelman & Baird LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Goodman Advisory Group LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Finally, Tripletail Wealth Management LLC bought a new position in Fiserv in the 4th quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets A number of research analysts have weighed in on FISV shares. Barclays set a $52.00 target price on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Robert W. Baird set a $78.00 price target on Fiserv in a research report on Wednesday, May 6th. Rothschild & Co Redburn dropped their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research report on Friday, June 5th. Finally, Susquehanna decreased their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.17.

Read Our Latest Research Report on Fiserv Fiserv Stock Performance NASDAQ FISV opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 3.88 and a beta of 0.80. The company’s fifty day moving average is $51.39 and its two-hundred day moving average is $55.96. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $140.42.

Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current year.

Insider Activity In other news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.06% of the company’s stock.

About Fiserv (Free Report)

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.

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SAN DIEGO, Aug. 13, 2026 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that an update in the lawsuit that was filed for certain investors in shares of Fiserv, Inc. (NYSE: FI). Investors who purchased shares of Fiserv, Inc. (NYSE: FI) prior to February 2024 and continue to hold any of those NYSE: FI shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

Key Takeaways Fiserv cut 2026 revenue and earnings guidance after Q2 earnings and revenues missed estimates.FISV's adjusted operating margin fell to 31.8% from 39.6% as profitability weakened sharply.Fiserv's Merchant Solutions proved steadier, but its operating margin still declined to 30%. Fiserv, Inc. (FISV - Free Report) reset investor expectations after second-quarter 2026 earnings and revenues missed the Zacks Consensus Estimate and management lowered its full-year outlook. The central question is whether the setback reflects a transition-heavy year or a broader operating problem.

Management cited weaker conditions in Argentina, delayed client implementations, slower execution on growth initiatives and stepped-up technology spending. Those factors leave the recovery case dependent on better execution and margin stabilization.

FISV's Q2 Miss Resets 2026 ExpectationsAdjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 and fell 26% year over year. Adjusted revenues of $4.96 billion also missed the $5.05 billion consensus mark and declined 4%. GAAP revenues were $5.29 billion, down 4%.

Fiserv cut 2026 organic revenue growth guidance to a range of negative 1% to flat from 1-3%. Adjusted earnings guidance fell to $7.20-$7.40 per share from $8-$8.30, materially lowering the earnings base investors can expect from the transition year.

Fiserv's Margin Compression Is the Bigger WarningAdjusted operating margin contracted to 31.8% from 39.6%, while adjusted operating income fell to $1.58 billion from $2.06 billion. The size of the decline shows that profitability weakened even after excluding several transformation-related items.

GAAP operating margin dropped to 19.2% from 30.7%. The quarter included $187 million of One Fiserv transformation expenses, $40 million of severance costs and $23 million of merger and integration costs, compounding the effect of lower revenues on reported profitability.

FISV's Merchant Business Shows Relative ResilienceMerchant Solutions revenues declined 1% to $2.61 billion, compared with an 8% drop in Financial Solutions revenues to $2.36 billion. That made Merchant the steadier operating segment, but its operating margin still fell to 30% from 34.6%.

Merchant execution remains important in a competitive payments market. Global Payments Inc. (GPN - Free Report) identifies Fiserv as a competitor in merchant acquiring, while Fiserv's new partnership with Mastercard Incorporated (MA - Free Report) links Mastercard's merchant cloud with Commerce Hub. These relationships reinforce the need for Fiserv to translate platform progress into stronger profitability.

Fiserv's Cash Actions Cushion the Earnings PressureFiserv generated $2.08 billion of operating cash flow in the first half of 2026, compared with $2.31 billion a year earlier. Free cash flow was $1.36 billion, while first-half capital expenditures rose to $956 million.

The company repurchased 5 million shares for $300 million in the first half, including 1.7 million shares for $100 million in the second quarter. It also retired $1.41 billion of senior notes for $1.23 billion of consideration, showing continued active management of liquidity and the capital structure.

FISV's Signals Still Favor Near-Term CautionThe outlook reset leaves Fiserv with a difficult near-term setup despite cash generation and relative resilience in Merchant Solutions. The current-year earnings estimate has fallen 10.2% over the past four weeks, consistent with the pressure reflected in the latest results and guidance.

Fiserv currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Its Value Score of A and Momentum Score of A point to favorable characteristics in those styles, while the Growth Score of F signals a weak growth profile. The VGM Score of B blends those factors, but Style Scores are designed to complement the Zacks Rank. With a #4 Rank reflecting negative earnings estimate revisions, the near-term picture remains cautious even though some style measures look favorable.

Key Takeaways FISV now sees 2026 organic revenue growth of negative 1% to flat and adjusted EPS of $7.20-$7.40.Fiserv will invest over $100M more in second-half technology infrastructure, resiliency and cybersecurity.Clover GPV grew 9%, while FISV expects most delayed contracted revenue to be recognized later. Fiserv, Inc. (FISV - Free Report) used its second-quarter 2026 call to reset expectations, citing slower client implementations, weaker Argentina conditions and execution gaps. Chief executive officer (CEO) Takis Georgakopoulos emphasized a broader portfolio review and higher technology spending.

Adjusted EPS of $1.84 missed the Zacks Consensus Estimate of $1.89, while adjusted revenues of $4.96 billion fell short of the $5.05 billion consensus. Adjusted revenues declined 4% year over year, and organic revenues fell 5%.

FISV Cuts 2026 Outlook as Delays BuildChief financial officer Paul Todd said Fiserv now expects 2026 organic revenue growth of negative 1% to flat, adjusted EPS of $7.20 to $7.40 and adjusted operating margin of 31% to 31.5%.

Todd expects second-half adjusted revenue growth of about 2%, down from the prior 6% to 8% outlook. He sees Q3 declining at a low-single-digit rate before Q4 rises approximately mid-single digits.

Todd also said the revision reflects roughly two points of pressure from delayed contracted revenues and enterprise ramps, plus one point each from lower product and other revenues, Argentina anticipation and divestitures.

Fiserv Calls Weakness a Timing IssueGeorgakopoulos said he and Todd reviewed operating plans and major initiatives after the CEO transition. He described 2026 as a transition year and said several large client delays reflected timing rather than lost business.

Todd said recurring revenues grew 2% and represented 84% of adjusted revenues. He expects most delayed revenues to be recognized later.

A JPMorgan analyst pressed management on why the outlook changed after its June reaffirmation. Todd cited the operating review, while Georgakopoulos said one major implementation moved because the client was undergoing M&A.

FISV Raises Technology InvestmentGeorgakopoulos said Fiserv will invest more than $100 million incrementally in technology infrastructure in the second half, particularly in Financial Solutions, resiliency and cybersecurity.

Todd said the investment accounts for about 50 basis points of pressure on the revised operating margin outlook. Argentina anticipation contributes another 50 basis points, with lower revenues driving most remaining pressure.

Georgakopoulos tied the spending to faster modernization and reduced complexity, including fewer legacy platforms, versions and data centers. He cited a 70% reduction in Financial Solutions client-facing incidents.

Fiserv Broadens Its Portfolio ReviewGeorgakopoulos made capital allocation, focus and product simplification central priorities. Fiserv has moved to divest student loan servicing and managed ATM businesses and exit unprofitable SMB and fuel operations in India.

Georgakopoulos said the review will test whether each product is best-in-class and whether Fiserv has a right to win. Businesses that fall short could face alternative ownership structures or other actions.

A Wolfe Research analyst asked whether larger businesses could be included. Per Georgakopoulos, there is no predetermined size threshold, and Fiserv will prioritize areas where it cannot compete effectively or where technology commitments are disproportionate.

FISV Keeps Clover at the CenterTodd said Clover GPV grew 9%, or 11% excluding a gateway conversion. Clover revenues rose 2%, but would have increased 13% excluding anticipation and nonrecurring revenues.

As highlighted by Georgakopoulos, Clover, Commerce Hub and Finxact are areas where Fiserv is concentrating resources. He said a simpler, integrated technology structure should improve delivery speed and client experience.

A Wells Fargo analyst questioned weaker hardware expectations. Todd called hardware a meaningful second-half headwind tied to elevated prior-year sales, while Georgakopoulos said Fiserv had not seen a material change in new merchant additions.

Fiserv Leaves the Call Focused on 2027Management's closing posture centered on execution, technology stability and a more disciplined portfolio. Georgakopoulos emphasized urgency, simpler product architecture and accountability across Merchant and Financial Solutions.

Todd maintained that the lower second-half growth outlook is not structural. Fiserv continues to expect approximately 50 basis points of annual adjusted operating margin expansion beginning in 2027 and double-digit annual adjusted EPS growth from 2027 through 2029.

Zacks Signals Remain MixedFISV currently carries a Zacks Rank #4 (Sell). Its Value Score of A and Momentum Score of A are favorable, while the Growth Score of D is weaker; the combined VGM Score is B.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Style Score framework gives A and B grades the strongest standing, but the Zacks Rank remains the primary signal. A Zacks Rank #4 reflects unfavorable earnings-estimate revision trends, so favorable Value, Momentum and VGM scores do not override that caution. The Zacks Rank can change as analyst estimates are revised following the reported results.

Total Company Adjusted Revenue: $4.96 billion in Q2, a decrease of 4% year-over-year.Total Company Organic Revenue: Decreased 5% in Q2 compared to the prior yea

Key Takeaways Fiserv's Q2 revenues miss estimates and adjusted EPS fell 26% y/y and missed estimates.Merchant revenues fell 1%, but operating margin contracted sharply to 30% from 34.6%.Financial Solutions revenues dropped 8%, and Fiserv cut its 2026 adjusted EPS outlook. Fiserv, Inc. (FISV - Free Report) reported dismal second-quarter 2026 results.

Fiserv's adjusted earnings of $1.84 per share missed the Zacks Consensus Estimate of $1.89 by 2.7%. Adjusted earnings declined 26% from the year-ago quarter as profitability contracted sharply.

GAAP revenues of $4.96 billion missed the consensus mark of $5.05 billion by a slight margin and decreased 10% year over year. Organic revenues fell 5%, with declines across both operating segments.

FISV's Revenue Mix Reflects Broad-Based PressureAdjusted revenues were $4.96 billion, down 4% from the prior-year quarter. The gap between GAAP and adjusted revenues reflected $329 million of postage reimbursements compared with $320 million a year earlier.

Processing and services revenues totaled $4.29 billion, nearly flat from $4.30 billion in the year-ago quarter. Product revenues dropped to $1 billion from $1.21 billion, accounting for most of the reported revenue decline.

For the first six months of 2026, adjusted revenues decreased 3% to $9.64 billion. Organic revenues declined 4%, indicating that the weakness extended beyond the second quarter.

Fiserv's Merchant Segment Shows Relative ResilienceMerchant Solutions revenues decreased 1% year over year to $2.61 billion. Organic revenues in the segment also declined 1%, making Merchant the more stable of the company’s two operating businesses.

Merchant operating income fell to $781 million from $914 million. The segment’s operating margin contracted to 30% from 34.6%, showing that modest revenue pressure was accompanied by a steeper decline in profitability.

First-half Merchant revenues decreased 1% to $4.98 billion. Operating income for the six months dropped to $1.41 billion from $1.72 billion, while the operating margin declined to 28.3% from 34.4%.

FISV's Financial Solutions Business Weighs on GrowthFinancial Solutions revenues fell 8% to $2.36 billion from $2.55 billion in the prior-year quarter. Organic revenues declined at the same 8% rate after acquisition adjustments.

Operating income in the segment decreased to $912 million from $1.24 billion. The operating margin narrowed to 38.7% from 48.7%, creating a significant drag on consolidated earnings performance.

For the first half, Financial Solutions revenues declined 6% to $4.66 billion. Organic revenues fell 7%, while operating income decreased to $1.79 billion from $2.39 billion.

Fiserv's Cost Base Compresses Company-Wide MarginsGAAP operating income declined to $1.02 billion from $1.70 billion. The GAAP operating margin fell to 19.2% from 30.7%, reflecting higher expenses despite lower revenues.

Adjusted operating income was $1.58 billion, down from $2.06 billion, while the adjusted operating margin contracted to 31.8% from 39.6%. The quarter included $187 million of One Fiserv transformation program expenses, $40 million of severance costs, and $23 million of merger and integration costs.

GAAP earnings declined 37% to $1.17 per share. Net income attributable to Fiserv fell to $627 million from $1.03 billion. A gain from early debt extinguishment partly offset the effects of transformation costs, severance and acquisition-related amortization.

FISV's Cash Flow & Capital Actions Remain ActiveNet cash provided by operating activities totaled $2.08 billion in the first six months of 2026, down from $2.31 billion a year earlier. The free cash flow declined to $1.36 billion from $1.55 billion as capital expenditures increased to $956 million.

Fiserv repurchased 1.7 million shares for $100 million during the quarter. First-half repurchases totaled 5 million shares for $300 million.

It retired $1.41 billion of senior notes through a cash tender offer and open-market purchases for total consideration of $1.23 billion.

Fiserv Cuts 2026 Outlook After Q2 WeaknessThe company lowered 2026 organic revenue growth between negative 1% and flat compared with the preceding quarter’s 1-3%. The company also lowered its adjusted earnings outlook to $7.20-$7.40 per share from the preceding quarter’s $8-$8.30.

Management said that growth in overall volumes, transactions and accounts, along with recurring revenue growth, supported the underlying performance. Fiserv reiterated its expected medium-term growth rates despite reducing its 2026 targets.

The company also completed the formation of MoneyPass Group in August. The joint venture encompasses its MoneyPass Network, ATM Managed Services and Cash Intelligence businesses, with Fiserv retaining a minority ownership interest.

Fiserv carries a Zacks Rank #4 (Sell) at present.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings SnapshotIQVIA Holdings Inc. (IQV - Free Report) reported impressive second-quarter 2026 results.

IQV registered adjusted earnings of $3.15 per share, rising 12.1% year over year and beating the Zacks Consensus Estimate of $3.02 by 4.3%. Revenues of $4.36 billion increased 8.7% and topped the consensus mark of $4.29 billion by 1.6%.

Corpay, Inc. (CPAY - Free Report) posted impressive second-quarter 2026 results.

CPAY reported adjusted earnings per share of $7, growing 36% year over year and surpassing the Zacks Consensus Estimate of $6.60 by 6.1%. Revenues increased 21% to $1.33 billion, beating the consensus mark by 2.6%.

Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and MastercardFiserv NASDAQ: FISV reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.

Chief Executive Officer Takis Georgakopoulos, who recently assumed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.

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3 Tech ETFs That Could Bounce Back After the AI Selloff“This unfortunately is a transition year with noise,” Georgakopoulos said during the company’s earnings call. He said the updated outlook reflects the company’s “most accurate assessment” of client timelines and near-term operating conditions, rather than a structural change to its business.

Second-Quarter Results and Segment Performance Total second-quarter adjusted revenue was $4.96 billion, down 4% from a year earlier, while organic revenue declined 5%. Recurring revenue grew 2% and represented 84% of adjusted revenue, according to Chief Financial Officer Paul Todd.

Block’s Pivot to Profits and AI Is Turning HeadsAdjusted operating income totaled nearly $1.6 billion, producing an adjusted operating margin of 31.8%. Adjusted earnings per share were $1.84, and free cash flow reached $1.1 billion, representing 112% conversion. Todd said foreign-exchange rates in Latin America reduced adjusted EPS by $0.07 year over year.

Fiserv’s Merchant Solutions segment reported adjusted and organic revenue declines of 1%. Small-business volume grew 2%, with the company citing the anniversary of its CCV acquisition as a factor in the lower growth rate compared with the first quarter. Enterprise transactions rose 8%.

Clover revenue increased 2% on a reported basis. Excluding higher non-recurring revenue in the second quarter of 2025, Clover revenue would have increased 11%, Todd said. Excluding attrition, Clover revenue would have grown 13%. Clover GPV grew 9% as reported and 11% excluding a gateway conversion.

Merchant Solutions adjusted operating income declined 14% to $781 million, and the segment’s adjusted operating margin was 30%.

Financial Solutions adjusted and organic revenue each declined 8%, primarily reflecting higher non-recurring revenue in the year-earlier period. Within the segment, payment platform transactions increased 5%, while consumer payment platform transactions fell 1% as growth in Zelle was offset by slower Bill Pay activity. Global accounts on file increased 4%, and overall accounts and positions, including fintech, grew 6%.

Financial Solutions adjusted operating income fell 27% to $912 million, with an adjusted operating margin of 38.7%.

Updated 2026 Outlook Fiserv now expects full-year organic revenue growth in a range of negative 1% to flat, compared with its prior expectations for stronger second-half growth. Adjusted revenue is expected to decline between 1.5% and 0.5% for the full year. The company expects adjusted operating margin of 31% to 31.5% and adjusted EPS of $7.20 to $7.40.

For the second half, Fiserv expects adjusted revenue growth of about 2%, including a low-single-digit decline in the third quarter followed by mid-single-digit growth in the fourth quarter.

About 2 percentage points of second-half impact from delays in newly contracted revenue and enterprise client ramps. About 1 percentage point of impact from lower key-product and other revenue, including hardware. About 1 percentage point of impact from Argentina anticipation revenue. About 1 percentage point of impact from divestitures. Todd said the company expects to recognize the “vast majority” of delayed revenue, but at a later date. Georgakopoulos cited one large client whose planned September or October launch was delayed as the client undergoes a merger or acquisition process.

Argentina anticipation revenue reduced second-quarter adjusted revenue growth by 90 basis points and adjusted operating margin by 60 basis points, Todd said. Fiserv also cited softer expected hardware sales in its merchant business, following elevated hardware sales over the prior two years.

The company plans to invest more than $100 million incrementally in technology infrastructure during the second half, particularly within Financial Solutions. The investment will focus on infrastructure and cybersecurity, with the company aiming to improve platform stability, resiliency and client service.

Portfolio Review, Technology Strategy and Client Wins Georgakopoulos said Fiserv is expanding its review of businesses, products and capital commitments. The company has decided to divest its student loan servicing and managed ATM businesses and to exit unprofitable small-business and fuel segments in India. One of the two previously announced divestitures closed Aug. 5, and the other is expected to close in the third quarter.

The company plans to use divestiture proceeds for a combination of capital returns and debt reduction. Fiserv ended the quarter with gross debt-to-adjusted EBITDA below 3.2 times and continues to target approximately 3 times leverage by year-end.

Georgakopoulos said the review will extend beyond lower-growth businesses to assess whether individual products are best-in-class and whether Fiserv has the ability to compete effectively in each area. He said the company would consider alternatives for products where it does not see a clear path to compete, while seeking to avoid disruption to clients.

Fiserv said it has completed the identification phase of Project Elevate, its effort to identify at least $500 million in savings opportunities, and is prioritizing the largest initiatives. The company remains committed to about 50 basis points of annual adjusted operating-margin expansion beginning in 2027 and more than 200 basis points of total expansion from Project Elevate by 2029.

On the product front, the company said Western Alliance Bank went live on Clover, bringing the number of top 100 U.S. banks working with the platform to nearly 40. Its partnership with TD in Canada continues to expand, with Fiserv planning to convert TD’s existing merchant portfolio beginning in 2027. Fiserv also said Clover Practice Pay merchants have approximately 20% higher average volumes than its average small-business merchant.

In Financial Solutions, UW Credit Union selected Fiserv’s DNA platform as its future core banking system, while Flagstar Bank selected Finxact as the foundation of its core modernization strategy. Fiserv said Finxact positions and accounts grew more than 75% and noted that more than 100 financial institutions have shown interest in its agentOS offering since its announcement.

Fiserv also announced a strategic partnership with Mastercard to integrate Mastercard Merchant Cloud into Fiserv Commerce Hub. Georgakopoulos said the integration is expected to take a couple of quarters and is intended to expand the companies’ combined capabilities in enterprise payments.

About Fiserv (NASDAQ:FISV)Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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