FISV Stock Recent News

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).

Fiserv disclosed Wednesday (Sept. 25) that it expects its merchant acquiring joint venture with Wells Fargo to expire April 1, 2025.

Fiserv clients will be able to more easily enable PayPal, Venmo and related services, and accelerate guest checkout flows in the U.S. via a simple connection point to Fastlane by PayPal. These enhancements are enabled by an expansion of the global strategic partnership of Fiserv and PayPal, the companies said in a Thursday (Aug.

Fiserv's momentum with its Clover point of sale technologies continues to help underpin revenue growth, while management charted a path for its partnership with Apple, enabling new Apple Pay functionalities.