Fiserv

Fiserv Inc. (NYSE: FISV) is a US multinational that provides payments and financial technology services to financial institutions and businesses in more than 100 countries. The company has been listed on the Nasdaq since 1986 and transferred its listing to the NYSE in June 2023. Fiserv generated revenue of USD 17.7 billion in 2022.

Fiserv’s Acceptance segment (~41% of total revenue in 2022) provides a range of merchant solutions including point-of-sale merchant acquiring and cloud-based operating systems for payment processing like Clover and Carat. The Payments segment (~35%) offers products and services to financial institutions, corporate clients, and the public sector for processing digital payment transactions including card processing and non-card digital payment solutions. 

The Fintech segment (~18%) provides technology solutions to financial institutions for processing customer deposit and loan accounts, managing general ledgers, and digital banking, among others. 

The US is Fiserv’s largest stand-alone market (~86% of total revenue in 2022). International markets (which include Canada, Europe, the Middle East, and Africa), Latin America, and Asia-Pacific accounted for the rest. According to its FY2022 annual report, the company plans to invest in the R&D of more “vertical-specific” integrated software and low-cost, point-of-sale solutions. These include digital wallet and QR code payment solutions for merchants, digital banking solutions, and data-as-a-service solutions. The company also plans to expand its e-commerce capabilities for SMB merchants within its merchant acceptance business segment. This includes further development of payment facilitators, marketplaces, and software platform solutions, such as real-time boarding, underwriting, and split-pay services.