Question · Q4 2025
Brian Friedman from Autonomous Research asked about the drivers behind the expected acceleration of the non-Clover SMB business to slight growth in 2026, given its slight decline in 2025.
Answer
Mike Lyons, CEO of Fiserv, confirmed the rough estimation of a slight decline in 2025 for non-Clover SMB. He explained that the company has a strategic approach to testing the transition of non-Clover merchants to Clover and is giving greater attention to this segment. He emphasized that while efforts are Clover-focused, there's also a strong focus on the retention of non-Clover merchants through collaborative initiatives.
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