Fiserv faces rising pressure from fintech rivals like Shift4 and Adyen, even as Clover revenues jump 30% and AppMarket drives partnerships.
The Financial Transaction Services industry is gaining on the widespread adoption of digital means, strong consumer spending and pursuit of M&A activities. Companies like V, MA, FI, PYPL and WEX are well-positioned to thrive on the back of these favorable trends.
Thread Bank picked Fiserv's Finxact as its core banking platform, according to a Tuesday (Aug. 26) news release.
Fiserv's Clover revenues surge with rising VAS adoption, but slowing volume growth and legal challenges cloud its market dominance.
Fiserv's stock was unlikely to deliver spectacular returns in 2025, but the decline has reached extreme levels. The excessively high multiple and lower-than-expected growth partially justify the nearly 32% drop year-to-date. Taking into account high margins and the robust free cash flow, the current sell-off appears to be overdone.
FI's stablecoin launch with PayPal and a solid growth outlook show promise, but profitability and competition pose challenges.
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FI tops second-quarter 2024 earnings estimates on strong margins and segment growth. However, its shares drop 15.7% on the revenue miss.
Law firm Labaton Keller Sucharow filed a securities class action lawsuit against FinTech and payments company Fiserv, alleging that it misled investors. The complaint centers on Fiserv's payment gateway product Clover, Labaton Keller Sucharow said in a Thursday (July 24) press release.
Fiserv's management said Wednesday (July 23) that its flagship point of sale offering, Clover, is still on track to hit $3.5 billion in annual sales this year.
Fiserv, Inc. (NYSE:FI ) Q2 2025 Earnings Conference Call July 23, 2025 8:00 AM ET Company Participants Julie Chariell - Senior Vice President of Investor Relations Michael Patrick Lyons - CEO, President & Director Robert W. Hau - Chief Financial Officer Conference Call Participants Andrew William Jeffrey - William Blair & Company L.L.C.
TD Bank Group's TD Merchant Solutions will use payments and financial technology from Fiserv, including the point-of-sale system Clover, for its merchant business in Canada. That move is part of a new multi-year strategic managed services program agreement signed by the two companies, they said in a Wednesday (July 23) press release.