Governor Murphy announced the Fiserv Inc Berkeley Heights campus, marking a significant investment in the state's financial technology sector. This new campus is expected to create hundreds of jobs in the area.
The campus will bring together Fiserv's existing operations in Berkeley Heights, New Jersey, and is a testament to the state's business-friendly environment.
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Governor Murphy Announces Berkeley Heights Hub
Governor Phil Murphy recently announced that Fiserv, a global leader in financial technology, will be expanding its footprint in New Jersey.
Fiserv is investing more than $105 million to improve and relocate to a mostly vacant office building in Union County.
The new office space will be a "flagship strategic technology hub" and a core site for advancing the fintech industry and developing leading technologies.
Fiserv will be bringing 3,000 jobs to the location, including 1,927 new jobs and 1,063 existing jobs that were at risk of being located outside the state.
Take a look at this: Fiserv Inc Headquarters
The New Jersey Economic Development Authority Board approved the award of Emerge Program job creation tax credits to Fiserv.
The Emerge program is part of the new suite of tax incentives signed into law earlier this year.
Fiserv's new location in Berkeley Heights will be a center of excellence for technology and product innovation, allowing the company to access a deep and diverse bench of financial and banking technology talent.
The project has been designated as a "Mega Project" by the NJEDA due to its scope and potential to help New Jersey expand its leadership position in the fast-growing fintech industry.
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Frequently Asked Questions
What exactly does Fiserv do?
Fiserv provides financial technology and services to a wide range of clients, including banks, credit unions, and retailers. They help these businesses manage and process financial transactions, payments, and other financial operations.
Is Fiserv a good company?
Fiserv has a mixed employee satisfaction rating of 3.0 out of 5, with 43% recommending the company to a friend. While some employees have a positive outlook, the overall rating has decreased by 4% in the last 12 months.
Is Fiserv a money transmitter?
Fiserv is not a money transmitter, but rather a technology provider that enables financial institutions to offer real-time money transfer services like Zelle. Our role is to facilitate secure and efficient transactions, not to transmit funds directly.
Sources
- https://therealdeal.com/new-york/tristate/2021/09/22/fiserv-planning-to-open-berkeley-heights-office/
- https://www.choosenj.com/news/governor-murphy-announces-fiserv-will-build-new-hub-in-berkeley-heights/
- https://stobuildinggroup.com/projects/fiserv/
- https://www.paymentsdive.com/news/fiserv-new-jersey-berkeley-heights-jobs-cuts-tax-incentives/637329/
- https://biztimes.com/fiserv-plans-major-expansion-in-new-jersey/
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