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Fiserv, Inc. is a leading global provider of payments and financial services technology solutions, catering to a diverse clientele that includes merchants, banks, credit unions, other financial institutions, and corporate clients worldwide . The company operates through two main segments: Merchant Solutions and Financial Solutions, offering a range of commerce-enabling products and services . Fiserv is committed to innovation and integration, delivering superior value through its technology and services .
- Financial Solutions - Provides products and services to financial institutions, corporate, and public sector clients, facilitating the processing of customer loan and deposit accounts, digital payments, and card transactions. Includes services like debit and credit card processing, digital banking, financial and risk management, and check processing .
- Merchant Solutions - Offers commerce-enabling products and services such as merchant acquiring, digital commerce services, mobile payment services, security and fraud protection solutions, and pay-by-bank solutions.
- Clover® - A point-of-sale integrated commerce operating system for small businesses.
- CaratSM - An integrated commerce operating system for enterprise clients .
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Regarding the SMB bundle, can you elaborate on the specific challenges of integrating products across both the Merchant and Financial Solutions segments, and how you plan to ensure its successful contribution to growth next year?
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As you expand Clover into Latin America and Australia, what risks do you anticipate in these new markets, and what strategies are in place to mitigate potential adoption hurdles?
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With the approval of your merchant acquirer limited purpose bank charter in Georgia, how might this change affect your relationships with existing bank partners, and are there any regulatory concerns that could impact this initiative?
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Given the raised guidance for organic revenue growth and adjusted earnings per share, what key factors are driving this optimism, and what potential headwinds could jeopardize achieving these targets?
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Can you provide more details on the partnership with DoorDash, specifically how this embedded finance application will impact your financial performance, considering the challenges associated with long implementation cycles in such initiatives?
Competitors mentioned in the company's latest 10K filing.
- Other large, integrated providers of financial services technology and payment systems
- Data processing affiliates of large companies
- Processing centers owned or operated as user cooperatives
- Financial institutions
- Merchant acquirers
- Independent Sales Organizations (ISOs)
- Independent Software Vendors (ISVs)
- Payments companies
- Payment network operators
- Global and local IT product and services companies
- Payment service providers and processors
- Large, diversified software and service companies
- Vendors that offer similar transaction processing products and services to financial institutions
- Large technology, media, and other emerging financial technology providers
Recent developments and announcements about FI.
Corporate Leadership
- Frank J. Bisignano, the current President of Fiserv, will step down from his role as President effective January 27, 2025. However, he will continue as Chairman and CEO until the earlier of his confirmation as Commissioner of Social Security or June 30, 2025.
- Frank J. Bisignano is expected to transition to a new role as Commissioner of Social Security, pending U.S. Senate confirmation.
- Michael P. Lyons has been appointed as President and CEO-Elect, effective January 27, 2025. He will officially assume the role of CEO by June 30, 2025, or earlier if Frank J. Bisignano's confirmation occurs sooner.
- Additionally, Doyle R. Simons, the lead independent director, will become the non-executive Chairman of the Board on the CEO transition date.
CEO Change
Frank J. Bisignano, the current CEO of Fiserv, Inc., will resign as President effective January 27, 2025, but will remain as CEO and Chairman until the earlier of his confirmation as Commissioner of Social Security by the U.S. Senate or June 30, 2025. Michael P. Lyons has been appointed as CEO-Elect and will assume the CEO role on the transition date.
Leadership Change
Who is leaving?
Why?
Who is stepping up?
Board Change
Michael P. Lyons has been appointed as a member of the Board of Directors of Fiserv, Inc., effective upon his assumption of the role of Chief Executive Officer, which will occur on the earlier of Frank J. Bisignano's confirmation as Commissioner of Social Security by the U.S. Senate or June 30, 2025.
Leadership Change
Frank Bisignano, Chairman, President, and CEO of Fiserv, has been nominated by President-elect Donald J. Trump to serve as Commissioner of the Social Security Administration. His appointment is pending confirmation by the U.S. Senate. Until then, he will continue in his current roles at Fiserv. The company has a long-term succession plan in place to select his successor .
Board Change
Frank Bisignano, Chairman, President, and CEO of Fiserv, has been nominated by President-elect Donald J. Trump as Commissioner of the Social Security Administration. He will continue in his current roles at Fiserv until his appointment is confirmed by the U.S. Senate .
CEO Change
Frank Bisignano, the Chairman, President, and CEO of Fiserv, Inc., has been nominated by President-elect Donald J. Trump to serve as the Commissioner of the Social Security Administration. However, he will continue in his current roles at Fiserv until his appointment is confirmed by the U.S. Senate. The Fiserv Board of Directors has a succession plan in place to select a new CEO once the confirmation occurs .