Fiserv 2024 - Competitor Profile

Fiserv is a leading global provider of payments and financial services. It provides a wide range of services, including electronic payment processing for electronic bill payments; account-to-account transfers; debit and credit card processing and services; internet and mobile banking systems; card and print personalization services; loan origination and servicing products; as well as fraud and risk management services. Launched in 1984, the company offers its services to over 10,000 financial institution clients in over 100 countries. The company mostly offers its services to banks, credit unions, securities broker-dealers, merchants, and leasing and finance companies.

In January 2019, Fiserv announced the acquisition of global merchant acquirer and processor First Data for $22 billion. The transaction was completed in July 2019, helping Fiserv position itself as a leader in merchant acquiring and payment offerings globally. In January 2021, Fiserv acquired Ondot Systems, a US-based provider of card management, payment monitoring, and customer engagement solutions.

The company continues to launch new solutions catering to the needs of its merchants. In June 2023, the company launched Clover Kitchen Display System for restaurants, which allows them to streamline order management while syncing their kitchen and front-of-house operations.

The report provides information and insights into Fiserve including :

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its revenue model and performance highlights
• The company's important events and milestones

Scope

1) In July 1984, First Data Processing and Sunshine State Systems merged to form Fiserv.
2) In January 2020, Fiserv partnered with oil and gas company ExxonMobil, enabling customers with Alexa-enabled mobility devices and vehicles to pay for gas at 11,500 Exxon and Mobil stations in the US via Alexa using Fiserv’s digital commerce technology.
3) In June 2021, Fiserv announced the launch of a joint venture in collaboration with Deutsche Bank to offer merchant acquiring and banking solutions in Germany.
4) In April 2022, Fiserv acquired cloud-based banking solutions provider Finxact.
5) In February 2024, Fiserv partnered with Southern California-based Genesis Bank to provide small businesses with select Clover POS terminals with no or low entry costs and minimum subscription fees.

Reasons to Buy

• Gain insights into Fiserv business operations and key events.
• Gain insights into its product portfolio and performance highlights.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.