Acquisition enhances Fiserv's payment solutions capabilities and innovation across European market Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology today announced that it has acquired CCV, a payment solutions provider in the Netherlands, Belgium and Germany, demonstrating continued focus on driving growth in the European market. The acquisition enables Fiserv to accelerate the deployment of its Clover platform and operating system across Europe, while providing enhanced capabilities and innovation to an expansive, combined merchant and partner base. Financial terms of the transaction were not disclosed. Founded in Arnhem, in 1958, CCV has be

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of Stephanie Cohen to its Board of Directors. Cohen serves as Chief Strategy Officer at Cloudflare, a leading cloud connectivity company, enhancing the security, performance, and reliability of websites and applications for millions of global clients including large brands, small businesses, nonprofit organizations and governments. Cohen joined Cloudflare in 2024 and is responsible for driving the company's key initiatives including the future of Cloudflare's network, artificial intelligence, international expansion and deepening relationships with larg

Solving the Small Business Failure Rate at the Heart of New Venture; Three Day Conference to Debut this September in Las Vegas Clover, the world's smartest all-in-one point-of-sale solution, and Sony Pictures Television (SPT), which co-produces the critically acclaimed, multi-Emmy Award-winning "Shark Tank," today revealed a first-of-its-kind partnership and series of groundbreaking initiatives to combat the astounding 50% small business failure rate (source: U.S. Chamber of Commerce). Live from the stage at SXSW, the partners unveiled the Clover x Shark Tank Summit, a small business conference featuring a first-of-its-kind partnership, the Access Pass grant program for small businesses, a

Fiserv Small Business Index holds steady at 147 Small business sales grew +2.1% year over year and +0.1% month over month Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for February 2025, with the seasonally adjusted Index holding steady at 147, unchanged from January. While total spending growth was nearly flat compared to January, sector-level trends showed consumers shifting more spend to retailers and restaurants in February and spending less at service-based businesses. "Consumer spending continued to show resiliency in February, resulting in a second consecutive month of small busines

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced it has completed its acquisition of Payfare Inc. (TSX:PAY), a provider of program management solutions with a particular focus on new economy workforces. Payfare's co-founders and employees are now part of the Fiserv team. This acquisition complements Fiserv's existing embedded financial solutions with card program management and a white-label consumer application. Payfare's offerings, combined with Fiserv's strengths in processing, bank ledgers and integrated value-added services, provide a complete solution for embedded banking, payments and lending. Early Warning

TORONTO, March 3, 2025 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX:PAY) (OTCQX:PYFRF) today announced that 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. ("Fiserv") (NYSE:FI) has completed its previously announced acquisition of Payfare pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the "Arrangement"). "It's an exciting day for Payfare as we join together with Fiserv," said Marco Margiotta, Chief Executive Officer & Founding Partner of Payfare. "This is a transformative step that will further our mission of providing financial security and inclusion for all workers, as we innovate further and faster with Fiserv. T

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences. Bob Hau, Chief Financial Officer, will present at the following conferences: Wolfe Research FinTech Forum 10:10 a.m. ET on March 11 BofA Electronic Payments Symposium 2:40 p.m. ET on March 18 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. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial

Market-leading core account processing platform, DNA, recognized with xCelent Advanced Technology Award for best-in-class technology architecture Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, today announced that First Community Credit Union, one of the largest financial institutions in Missouri, will power its future growth and success through the award-winning DNA® from Fiserv core processing platform. FCCU chose DNA due to its modern, member-centric platform that enables greater efficiencies, open and simplified integration and robust commercial features. FCCU, based in Chesterfield, Missouri, has $4.5bn in assets and 42 branch locat

TORONTO, Feb. 21, 2025 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX:PAY) (OTCQX:PYFRF) is pleased to announce that the Company's Class A Common shareholders (the "Shareholders") have voted in favour of the previously announced acquisition of Payfare by 1517452 B.C. Ltd. (the "Purchaser"), an affiliate of Fiserv, Inc. (NYSE: FI) ("Fiserv") pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") at the Company's special meeting of Shareholders (the "Meeting") held earlier today. The completion of the Arrangement requires the approval of: (i) at least two-thirds of the votes cast at the Meeting by Shareholders in person or represen

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, today announced that its Board of Directors has authorized it to repurchase 60 million shares of the company's common stock, which is in addition to the shares remaining available under the company's existing authorization. Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors. This authorization does not expire. About Fiserv Fiserv, Inc. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in pa

Seaport Research Partners upgraded Fiserv from Neutral to Buy and set a new price target of $240.00

Stephens upgraded Fiserv from Equal-Weight to Overweight and set a new price target of $255.00 from $220.00 previously

Compass Point initiated coverage of Fiserv with a rating of Buy and set a new price target of $278.00

Oppenheimer resumed coverage of Fiserv with a rating of Outperform and set a new price target of $203.00 from $170.00 previously

BTIG Research initiated coverage of Fiserv with a rating of Buy and set a new price target of $200.00

Wells Fargo initiated coverage of Fiserv with a rating of Overweight and set a new price target of $180.00

Oppenheimer upgraded Fiserv from Perform to Outperform and set a new price target of $168.00

Exane BNP Paribas upgraded Fiserv from Neutral to Outperform

KeyBanc Capital Markets upgraded Fiserv from Sector Weight to Overweight and set a new price target of $180.00

BMO Capital Markets initiated coverage of Fiserv with a rating of Outperform and set a new price target of $152.00

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Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of Stephanie Cohen to its Board of Directors. Cohen serves as Chief Strategy Officer at Cloudflare, a leading cloud connectivity company, enhancing the security, performance, and reliability of websites and applications for millions of global clients including large brands, small businesses, nonprofit organizations and governments. Cohen joined Cloudflare in 2024 and is responsible for driving the company's key initiatives including the future of Cloudflare's network, artificial intelligence, international expansion and deepening relationships with larg

Clover to Empower Small Businesses in New Orleans from February 5 – 10, 2025 Clover, the leading all-in-one point-of-sale solution, is going all in on ‘small' during football's biggest week. Kicking off in one of the country's most vibrant food and cultural capitals, this year's Big Game will see tens of thousands of fans and visitors descend on New Orleans, and Clover will be there to support the Superdome and small businesses power the pay, play hard and dream big through feeding fans, fueling fandom, and delighting attendees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204524266/en/Where champions play, Clover powers

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of Michael P. Lyons as President and CEO-elect of Fiserv, effective January 27, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123287770/en/Michael P. Lyons (Photo: Business Wire) Lyons will report to Frank Bisignano, who will continue in his current roles as Chairman and Chief Executive Officer until June 30, 2025, or upon an earlier confirmation by the U.S. Senate as the Commissioner, Social Security Administration. Upon Bisignano's departure, Lyons will become Chief Executive Offi

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced that Frank Bisignano, Fiserv Chairman, President and Chief Executive Officer, has been nominated by President-elect Donald J. Trump as the Commissioner, Social Security Administration. The appointment of Mr. Bisignano is subject to confirmation by the U.S. Senate, and Mr. Bisignano will continue in his current positions with the Company until confirmation occurs. The Fiserv Board of Directors has an established, long-term succession plan which it will follow to select a successor to Mr. Bisignano. "Serving as CEO of Fiserv is an honor and I am incredibly proud of wh

SAN JOSE, Calif., Aug. 29, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ:PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc.. (NYSE:FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership between the two companies covering several products and services and millions of businesses, the expanded relationship simplifies how Fiserv clients enable PayPal, Venmo and related services, and provides these businesses with a simple connection point to Fastlane by PayPal to accelerate guest checkout flows in the U.S.

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced that Takis Georgakopoulos will join Fiserv as a Senior Advisor, Executive Vice President, and a member of the Management Committee, effective September 3, 2024. Georgakopoulos will work closely with the Fiserv executive team on driving positive client outcomes and delivering best in class technology across the enterprise. Georgakopoulos is an accomplished business leader with expertise in payment solutions and merchant services. Most recently, Georgakopoulos served as Global Head of Payments at J.P. Morgan where he oversaw all aspects of the business, including techno

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, today announced the appointment of Ajei Gopal to its board of directors. Gopal has served as president and chief executive officer of engineering simulation solution provider ANSYS, Inc. since 2017, helping accelerate the company's growth and revenues both organically and through strategic acquisitions. He joined the company in 2016 as president and chief operating officer and has served as a director since 2011. Previously, Gopal was an operating partner for Silver Lake Partners, a senior vice president and general manager of Hewlett Packard Software, and executive vice president at CA Tech

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, today announced the appointment of Lance Fritz to its board of directors. Fritz served as chairman, president and chief executive officer of Union Pacific Corporation from 2015 until his retirement in 2023. Fritz began his Union Pacific career in 2000 as a vice president of marketing and sales and held executive roles in operations and labor relations during his tenure. Before joining Union Pacific, Fritz held roles with Fiskars Inc., Cooper Industries, and General Electric. He currently serves as a member of the board of directors of Parker-Hannifin Corporation and The Business Council. "La

Yabuki's Motive Partners role expands to include Chairman & CEO of InvestCloud, which sets the stage for the Company's next phase of growth InvestCloud (or "the Company"), a global provider of wealth and asset management solutions, today announced the appointment of Jeffery W. Yabuki ("Jeff") as Chairman and CEO. In this role, Jeff will lead InvestCloud's strategy and operations, with a key focus on excellence of client delivery. Jeff's leadership will further empower InvestCloud's clients and partners with its scalable technology platform. The Company is backed by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake") and Motive Capital Management, LLC (toge

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of Charlotte Yarkoni to its board of directors. Yarkoni is a proven technology leader with an extensive background in cloud-based applications who has held executive leadership roles at both public and privately held technology firms. Yarkoni joined Microsoft Corporation in 2016 and has served as President of Commerce, Ecosystems, Cloud & AI since 2022. In this role, she is responsible for driving accelerated cloud adoption and end-to-end customer and partner success for startups, enterprises, partners, and students. Prior to joining Microsoft, Yarkoni

Acquisition enhances Fiserv's payment solutions capabilities and innovation across European market Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology today announced that it has acquired CCV, a payment solutions provider in the Netherlands, Belgium and Germany, demonstrating continued focus on driving growth in the European market. The acquisition enables Fiserv to accelerate the deployment of its Clover platform and operating system across Europe, while providing enhanced capabilities and innovation to an expansive, combined merchant and partner base. Financial terms of the transaction were not disclosed. Founded in Arnhem, in 1958, CCV has be

GAAP revenue growth of 7% both in the quarter and for the full year; GAAP EPS increased 13% in the quarter and 8% for the full year; Operating cash flow was $6.63 billion for the full year; Organic revenue growth of 13% in the quarter and 16% for the full year; Adjusted EPS increased 15% in the quarter and 17% for the full year; Free cash flow was $5.23 billion for the full year; Company expects 2025 organic revenue growth of 10% to 12% and adjusted EPS of $10.10 to $10.30, or growth of 15% to 17% Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today reported financial results for the fourth quarter and full year 2024. Fourth Qu

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, will announce its fourth quarter and full year financial results before the market opens on Wednesday, February 5, 2025. The company will discuss the results in a live webcast at 7 a.m. CT on February 5. 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. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a

TORONTO, Dec. 23, 2024 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX:PAY) (OTCQX:PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with 1517452 B.C. Ltd. the "Purchaser"), an affiliate of Fiserv, Inc. (NYSE:FI) "Fiserv") a leading global provider of payments and financial services technology, whereby the Purchaser will acquire the Company, subject to obtaining shareholder and other customary approvals (the "Transaction"). Under the terms of the Arrangement Agreement,

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, will host a conference call today, Thursday, December 5, 2024, with CEO Frank Bisignano, CFO Bob Hau and Head of Investor Relations, Julie Chariell. The company will host a live webcast at 7:30 a.m. CT on December 5. The webcast 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. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and fina

GAAP revenue growth of 7% both in the quarter and year to date; GAAP EPS decreased 37% in the quarter and increased 6% year to date; Operating cash flow increased 24% to $4.41 billion year to date; Organic revenue growth of 15% in the quarter and 17% year to date; Adjusted EPS increased 17% in the quarter and 18% year to date; Free cash flow increased 23% to $3.34 billion year to date; Company raises 2024 organic revenue growth outlook to 16% to 17% and adjusted EPS outlook to $8.73 to $8.80 Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today reported financial results for the third quarter of 2024. Third Quarter 2024 GAAP Resul

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, will announce its third quarter financial results before the market opens on Tuesday, October 22, 2024. The company will discuss the results in a live webcast at 7 a.m. CT on October 22. 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. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in pa

GAAP revenue growth of 7% both in the quarter and year to date; GAAP EPS increased 39% both in the quarter and year to date; Organic revenue growth of 18% in the quarter and 19% year to date; Adjusted EPS increased 18% both in the quarter and year to date; Company affirms 2024 organic revenue growth outlook of 15% to 17% and raises adjusted EPS outlook to $8.65 to $8.80 Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, today reported financial results for the second quarter of 2024. Second Quarter 2024 GAAP Results GAAP revenue for the company increased 7% to $5.11 billion in the second quarter of 2024 compared to the

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, will announce its second quarter financial results before the market opens on Wednesday, July 24, 2024. The company will discuss the results in a live webcast at 7 a.m. CT on July 24. 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. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in pa

Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, will announce its first quarter financial results before the market opens on Tuesday, April 23, 2024. The company will discuss the results in a live webcast at 7 a.m. CT on April 23. 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. (NYSE:FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in pay

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