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Fiserv

Updated: Wikipedia source

Fiserv

Fiserv, Inc. ( fy-SURV) is an American multinational financial technology company headquartered in Milwaukee, Wisconsin. The company processes debit and credit card transactions, loyalty programs, loans, electronic bill pay, wires and ACH transfers, check deposits, and ATM transactions on behalf of banking institutions. The company also produces debit and credit cards and point of sale terminals. Customers primarily include companies in the financial services sector, including banks, savings and loan associations, credit unions, securities broker dealers, mortgage, insurance, leasing and finance companies, and retailers. In 2024, 85% of the company's revenues were from the U.S. and Canada, while 15% of revenues were from other countries. Processing represented 81% of revenues and products, including software, hardware, and physical cards, represented 19% of revenue. The company is ranked 208th on the Fortune 500 and 269th on the Forbes Global 2000.

Infobox

Company type
Public
Traded as
mw- Nasdaq: FISVS&P 500 component
Founded
1984; 41 years ago (1984)
Headquarters
Milwaukee, Wisconsin, U.S.
Key people
Mike Lyons(president and CEO)Robert W. Hau(CFO and Treasurer)Takis Georgakopoulos(COO)
Revenue
US$20.5 billion (2024)
Operating income
US$5.88 billion (2024)
Net income
US$3.13 billion (2024)
Total assets
US$77.2 billion (2024)
Total equity
US$27.1 billion (2024)
Owner
KKR & Co. (12%)
Number of employees
c. 38,000 (2024)
Website
fiserv.com

Tables

· Acquisitions and mergers
1991
1991
Year
1991
Acquisition/Merger
Citicorp Information Resources
Details
Entered commercial banking and credit union core account processing market
1995
1995
Year
1995
Acquisition/Merger
Information Technology, Inc. (ITI)
Details
Acquired Premier account processing platform
2003
2003
Year
2003
Acquisition/Merger
General American Corporation (GAC)
Details
Major corporate acquisition
2005
2005
Year
2005
Acquisition/Merger
Multiple Acquisitions
Details
Included Del Mar Database, Interactive Technologies, BillMatrix, and others
2006
2006
Year
2006
Acquisition/Merger
CareGain, Inc.
Details
Technology acquisition
2006
2006
Year
2006
Acquisition/Merger
Asset of CT Insurance Services
Details
Financial services expansion
2007
2007
Year
2007
Acquisition/Merger
CheckFree Corporation
Details
Largest acquisition to date, leading online banking and bill payment services
2007
2007
Year
2007
Acquisition/Merger
NetEconomy
Details
Technology services acquisition
2008
2008
Year
2008
Acquisition/Merger
Interactive Technologies, Inc.
Details
Billing software provider
2008
2008
Year
2008
Acquisition/Merger
The Data Center
Details
Texas-based item processing company
2010
2010
Year
2010
Acquisition/Merger
AdviceAmerica
Details
Software for financial institutions
2011
2011
Year
2011
Acquisition/Merger
M-Com
Details
Mobile banking apps
2011
2011
Year
2011
Acquisition/Merger
CashEdge
Details
Payment solutions
2016
2016
Year
2016
Acquisition/Merger
Community Financial Services
Details
From ACI Worldwide
2017
2017
Year
2017
Acquisition/Merger
Dovetail
Details
Technology services
2018
2018
Year
2018
Acquisition/Merger
MoneyPass
Details
Surcharge-free debit card network
2019
2019
Year
2019
Acquisition/Merger
First Data Corporation
Details
$22 billion merger, transformative combination
2020
2020
Year
2020
Acquisition/Merger
Bypass Mobile
Details
Enterprise point of sale platform
2021
2021
Year
2021
Acquisition/Merger
Ondot Systems, Inc.
Details
Digital experience platform
2021
2021
Year
2021
Acquisition/Merger
BentoBox
Details
Restaurant operations technology
2022
2022
Year
2022
Acquisition/Merger
Finxact
Details
Cloud-based core banking services
2022
2022
Year
2022
Acquisition/Merger
Merchant One
Details
Independent sales organization
2022
2022
Year
2022
Acquisition/Merger
Yacare
Details
Argentinian payment service provider
2023
2023
Year
2023
Acquisition/Merger
Skytef
Details
Brazilian payment solutions distributor
2025
2025
Year
2025
Acquisition/Merger
Payfare Inc.
Details
Embedded finance and program management solutions
2025
2025
Year
2025
Acquisition/Merger
Pinch Payments
Details
Australian payment facilitator and management platform
Year
Acquisition/Merger
Details
1991
Citicorp Information Resources
Entered commercial banking and credit union core account processing market
1995
Information Technology, Inc. (ITI)
Acquired Premier account processing platform
2003
General American Corporation (GAC)
Major corporate acquisition
2005
Multiple Acquisitions
Included Del Mar Database, Interactive Technologies, BillMatrix, and others
2006
CareGain, Inc.
Technology acquisition
2006
Asset of CT Insurance Services
Financial services expansion
2007
CheckFree Corporation
Largest acquisition to date, leading online banking and bill payment services
2007
NetEconomy
Technology services acquisition
2008
Interactive Technologies, Inc.
Billing software provider
2008
The Data Center
Texas-based item processing company
2010
AdviceAmerica
Software for financial institutions
2011
M-Com
Mobile banking apps
2011
CashEdge
Payment solutions
2016
Community Financial Services
From ACI Worldwide
2017
Dovetail
Technology services
2018
MoneyPass
Surcharge-free debit card network
2019
First Data Corporation
$22 billion merger, transformative combination
2020
Bypass Mobile
Enterprise point of sale platform
2021
Ondot Systems, Inc.
Digital experience platform
2021
BentoBox
Restaurant operations technology
2022
Finxact
Cloud-based core banking services
2022
Merchant One
Independent sales organization
2022
Yacare
Argentinian payment service provider
2023
Skytef
Brazilian payment solutions distributor
2025
Payfare Inc.
Embedded finance and program management solutions
2025
Pinch Payments
Australian payment facilitator and management platform

References

  1. "Fiserv, Inc. 2024 Annual Report (Form 10-K)"
    https://www.sec.gov/ix?doc=/Archives/edgar/data/0000798354/000079835425000047/fi-20241231.htm
  2. sec.gov
    https://sec.gov/Archives/edgar/data/1432741/000114036120028304/brhc10017921_sc13da.htm
  3. Fortune
    https://fortune.com/company/fiserv/
  4. Forbes
    https://www.forbes.com/companies/fiserv/
  5. Fiserv.com
    http://newsroom.fiserv.com/releasedetail.cfm?releaseid=400235
  6. Fiserv.com
    https://web.archive.org/web/20190110141223/https://www.fiserv.com/about/our-history.aspx
  7. American City Business Journals
    https://www.bizjournals.com/milwaukee/stories/2003/09/29/daily45.html
  8. MarketWatch
    https://www.marketwatch.com/story/fiserv-to-buy-eds-unit-for-320-mln-in-cash
  9. www.newswire.ca
    http://www.newswire.ca/news-releases/fiserv-acquires-global-financial-crime-management-leader-neteconomy-533518881.html
  10. www.tdworld.com
    https://www.tdworld.com/smart-utility/article/20958679/checkfree-completes-suite-of-electronic-bill-payment-services-with-acquisition-of-phonecharge#:~:text=CheckFree%20Corporation%20has%20acquired%20PhoneCharge,1,%202006.&text=CheckFree%27s%20focus%20is%20helping%20billers,the%20%22Revenue%20Collection%20Lifecycle.%22
  11. www.bizjournals.com
    https://www.bizjournals.com/portland/stories/2007/07/30/daily30.html
  12. "First Interstate selling Billings-based company"[permanent dead link] KPAX.com. Retrieved 18 April 2009.
    http://www.kpax.com/Global/story.asp?S=9534486
  13. Milwaukee Journal Sentinel
    https://archive.jsonline.com/business/33750064.html
  14. businessweek.com
    https://web.archive.org/web/20121102092441/http://www.businessweek.com/ap/financialnews/D9G6GCD01.htm
  15. With M-Com Deal, Fiserv Becomes Lead Vendor in Mobile Retail Banking
    http://www.gartner.com/resources/211300/211377/with_mcom_deal_fiserv_become_211377.pdf
  16. Delaware Online
    http://www.delawareonline.com/article/20110312/BUSINESS/103120307/-1/NLETTER01/Del.-debit--firm-bought-by-Wis.-company
  17. Yahoo! Finance
    https://finance.yahoo.com/news/Fiserv-completes-acquisition-apf-1113872769.html?x=0&.v=1
  18. Bloomberg
    https://www.bloomberg.com/news/2013-01-15/fiserv-buys-open-solutions-to-grow-financial-services.html
  19. "Fiserv Acquires Competitor Open Solutions"
    http://www.banktech.com/core-systems/fiserv-acquires-competitor-open-solution/240146314
  20. Milwaukee Business Journal
    https://www.bizjournals.com/milwaukee/news/2016/01/21/fiserv-buying-digital-banking-business-from-aci.html
  21. BizTimes Media Milwaukee
    https://www.biztimes.com/2016/industries/banking-finance/fiserv-profit--on-sale--business-interest/
  22. www.businesswire.com
    http://www.businesswire.com/news/home/20170821005404/en/Fiserv-Moves-Reinvent-Payments-Infrastructure-Acquisition-Dovetail
  23. BizTimes Media Milwaukee
    https://www.biztimes.com/2017/industries/banking-finance/fiserv-completes-monitise-acquisition/
  24. Reuters
    https://www.reuters.com/article/world/americas/fiserv-acquires-the-assets-of-pclender-idUSASB0BC3D/
  25. Crowdfund Insider
    https://www.crowdfundinsider.com/2018/10/140772-fiserv-completes-acquisition-of-elan-financial-services-third-party-debit-processing-solutions/
  26. "Fiserv completes acquisition of First Data"
    https://financefeeds.com/fiserv-completes-acquisition-first-data/
  27. "Fiserv Snaps Up Bypass Mobile to Boost Omni-commerce Presence"
    https://finance.yahoo.com/news/fiserv-snaps-bypass-mobile-boost-134301229.html
  28. "Fiserv Enhances Digital Experiences with Acquisition of Ondot"
    https://www.businesswire.com/news/home/20201216005597/en/Fiserv-Enhances-Digital-Experiences-with-Acquisition-of-Ondot
  29. "Fiserv Acquires NetPay"
    https://www.fiserv.com/en/lp/fiserv-acquires-netpay.html
  30. "Fiserv Completes Acquisition of BentoBox"
    https://newsroom.fiserv.com/news-releases/news-release-details/fiserv-completes-acquisition-bentobox
  31. "Fiserv to Accelerate Digital Banking Transformation for Clients with Acquisition of Finxact"
    https://newsroom.fiserv.com/news-releases/news-release-details/fiserv-accelerate-digital-banking-transformation-clients
  32. The Milwaukee Journal Sentinel
    https://www.jsonline.com/story/money/real-estate/commercial/2022/11/18/citys-7-million-plan-for-fiserv-headquarters-wins-first-approval/69656965007/
  33. https://www.nasdaq.com/press-release/fiserv-completes-listing-transfer-to-the-new-york-stock-exchange-2023-06-07
    https://www.nasdaq.com/press-release/fiserv-completes-listing-transfer-to-the-new-york-stock-exchange-2023-06-07
  34. PYMNTS.com
    https://www.pymnts.com/acquisitions/2023/fiserv-strengthens-distribution-network-in-brazil-with-skytef-acquisition/
  35. "Fiserv Completes Acquisition of Payfare"
    https://www.newswire.ca/news-releases/fiserv-completes-acquisition-of-payfare-841040142.html
  36. PYMNTS.com
    https://www.pymnts.com/acquisitions/2025/fiserv-acquires-australian-payment-facilitator-pinch-payments/
  37. PYMNTS.com
    https://www.pymnts.com/acquisitions/2025/fiserv-acquire-brazilian-financing-engine
  38. "Fiserv CEO transition took only 10 days, CFO says"
    https://www.paymentsdive.com/news/fiserv-ceo-transition-accelerated-cfo-says/742179/
  39. Bloomberg
    https://www.bloomberg.com/news/articles/2025-10-30/fiserv-s-30-billion-wipeout-came-after-client-revolt-over-fees
  40. "Fiserv Announces Transfer of Stock Exchange Listing to Nasdaq"
    https://finance.yahoo.com/news/fiserv-announces-transfer-stock-exchange-110300544.html
  41. PYMNTS.com
    https://www.pymnts.com/news/legal/2022/fiserv-shift4-settle-long-running-cardconnect-lawsuit/
  42. www.carat.fiserv.com
    https://www.carat.fiserv.com/en-us/
  43. www.fiserv.com
    https://www.fiserv.com/en/solutions/card-services/cardhub.html
  44. www.clover.com
    https://www.clover.com/
  45. www.getpinch.com.au
    https://getpinch.com.au/
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