
Fiserv is a leading global provider of financial services technology, with a rich history dating back to 1984.
The company has a strong presence in the payments and financial services industry, with a wide range of solutions that help businesses and consumers manage their finances.
Fiserv operates in over 100 countries, serving more than 15,000 clients worldwide, including financial institutions, businesses, and consumers.
Fiserv's solutions include payment processing, account processing, and lending and risk solutions, among others.
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Fiserv Acquisitions
Fiserv has made a significant impact through its numerous acquisitions and mergers. The company's largest acquisition was First Data Corporation in 2019 for $22 billion, a transformative combination that marked a major milestone in its history.
Fiserv has been on a buying spree since its inception, with over 24 companies acquired to date. Its focus areas include payments, financial technology, banking services, and digital solutions.
One notable acquisition was CheckFree Corporation in 2007, which led to online banking and bill payment services. This acquisition was a significant move for Fiserv, expanding its reach in the financial services sector.
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Here's a breakdown of some of Fiserv's notable acquisitions:
Fiserv has continued to expand its offerings through strategic acquisitions. In 2022, the company acquired Finxact, a cloud-based core banking services provider. This acquisition further solidified Fiserv's position in the financial services sector.
In 2025, Fiserv is expected to acquire Payfare Inc., a provider of program management solutions with a focus on new economy workforces. This acquisition will complement Fiserv's embedded finance solutions with card program management and other capabilities.
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Market Reaction
Fiserv's market reaction was swift and significant. The company's acquisition of First Data in 2019 led to a 3% increase in its stock price.
Investors were eager to see how the combined company would perform, and Fiserv's strong financials did not disappoint. The company's revenue grew 8% year-over-year, reaching $13.4 billion in 2020.
Fiserv's market capitalization also increased, reaching $80 billion in 2020. This growth was driven by the company's expanded product offerings and increased demand for its services.
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The acquisition of First Data provided Fiserv with a significant boost in its payment processing capabilities. This allowed the company to offer more comprehensive solutions to its clients, driving growth and increasing market share.
Fiserv's stock price continued to rise, reaching an all-time high of $140 per share in 2022.
Company Information
Fiserv is a leading global provider of financial services technology solutions. They were founded in 1984 by Leslie Sims and Steve Luczo.
Their corporate headquarters is located in Brookfield, Wisconsin, USA. Fiserv has a global presence with operations in over 100 countries.
The company's revenue exceeded $14 billion in 2020, making it one of the largest financial services technology companies in the world.
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Frequently Asked Questions
What exactly does Fiserv do?
Fiserv provides financial technology and services to a wide range of clients across the financial services sector. From banks to retailers, they help businesses manage and process financial transactions efficiently.
Which banks use Fiserv?
Wells Fargo Bank and Citigroup are two prominent banks that utilize Fiserv's Signature Bank Platform for their core banking needs.
Is Fiserv a legitimate company?
Fiserv is a well-established and reputable payment processor, serving over six million merchants globally. As one of the largest non-bank merchant acquirers in the US, they handle a massive volume of transactions every second.
What does Fiserv deliver?
Fiserv delivers high-volume electronic documents, including statements, bills, and tax documents, securely and efficiently. Their digital document delivery services help organizations manage and distribute transactional communications.
Sources
- https://www.prnewswire.com/news-releases/payfare-enters-into-definitive-agreement-to-be-acquired-by-fiserv-302338076.html
- https://en.wikipedia.org/wiki/Fiserv
- https://www.electronicpaymentsinternational.com/news/fiserv-140m-acquire-payfare/
- https://ibsintelligence.com/ibsi-news/fiserv-acquires-payfare-inc-to-boost-its-embedded-finance-capability/
- https://www.stocktitan.net/news/FI/fiserv-to-enhance-its-embedded-finance-capability-with-acquisition-bvzxcyesq4kt.html
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