FISV Stock Recent News

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 has agreed to acquire the remaining 49.9% stake in AIB Merchant Services (AIBMS) from AIB Group, aiming to strengthen its merchant services footprint across Ireland and Europe. [contact-form-7] The transaction, announced June 6, will give Fiserv full ownership of AIBMS, one of Ireland's largest payment solution providers and a top European eCommerce acquirer.

With its previous CEO headed to Washington, Fiserv has picked a new chief executive. Michael Lyons, a longtime banking executive, has been chosen to lead the payments FinTech, Fiserv announced Tuesday (May 6), the same day outgoing CEO Frank Bisignano's nomination to lead the Social Security Administration was approved by the U.S. Senate.

Shares of Fiserv plummeted in intraday trading Thursday (April 24) in the wake of its first-quarter earnings report, which showed slowing growth in its Clover point-of-sale operations and a decline in payments processing activity in its Merchant Solutions segment as consumers pared their spending.

Fiserv plans to acquire Brazilian FinTech company Money Money Servicos Financeiros S.A. to expand the range of payment, management and cash flow solutions Fiserv's Clover offers Brazilian small– to medium-sized businesses (SMBs).

Fiserv says it has acquired payment facilitator (PayFac) Pinch Payments and its management platform Glassbox. As the company noted in a Monday (April 7) announcement, Pinch — founded in 2017 and serving roughly 2,000 merchants in Australia and New Zealand — provides tools to facilitate payments more efficiently at scale.

Fiserv has acquired CCV, a payment solutions provider operating in the Netherlands, Belgium and Germany. The payments technology firm announced the deal Wednesday (March 19) morning, saying it allows Fiserv to speed deployment of its Clover point-of-sale (POS) platform throughout Europe.

In the final three months of the year, Fiserv's revenue growth continued to be underpinned by its merchant and financial solutions segments — and an embrace by enterprises of Clover, its POS hardware and software flagship offering. Commerce Hub, the company's payments acceptance platform, has seen significant growth, management said on its Wednesday (Feb.

Fiserv has appointed Michael P. Lyons, former president of PNC Financial Services Group, as its president and CEO-elect, effective Monday (Jan. 27).