Fiserv Company Overview
What is the Stock Ticker for Fiserv?
The stock ticker for Fiserv is FISV.
Where is the Fiserv headquarters?
Fiserv's headquarters is located in Brookfield, Wisconsin, United States.
What Does Fiserv Do?
Fiserv is a global technology company that provides financial services solutions to banks, credit unions, and other financial institutions. Their services include payment processing, digital banking, risk management, and data analytics. They aim to help their clients improve their operations, enhance customer experiences, and drive growth.
How Does Fiserv Make Money?
Fiserv is a financial technology company that provides a wide range of services to financial institutions, businesses, and consumers. The company makes money through several revenue streams, including:
1. Processing and transaction fees: Fiserv provides payment processing services to financial institutions and businesses, charging fees for each transaction processed. This includes credit and debit card processing, electronic bill payment, and mobile payments.
2. Software and technology solutions: Fiserv offers a variety of software and technology solutions to financial institutions and businesses, including core banking systems, loan origination software, and risk management tools. These solutions are typically sold on a subscription basis, generating recurring revenue for the company.
3. Data and analytics: Fiserv collects and analyzes data on consumer spending habits and financial trends, which it sells to financial institutions and businesses to help them make informed decisions about their products and services.
4. Professional services: Fiserv provides consulting and other professional services to financial institutions and businesses, helping them to optimize their operations and improve their customer experience.
Overall, Fiserv's revenue is generated primarily through fees and subscriptions for its various services and solutions. The company's focus on financial technology and data analytics has allowed it to become a leading provider of financial services and solutions, generating significant revenue and profits for the company.
Who Founded Fiserv?
Leslie Muma and George Dalton are the co-founders of Fiserv.
What is the History of Fiserv?
Fiserv is a financial services technology company that was founded in 1984 in Brookfield, Wisconsin. The company was created through the merger of two companies, Fiserv and Sunshine State Systems. Fiserv initially provided data processing services to banks and credit unions, but over time expanded its offerings to include a wide range of financial technology solutions.
In the 1990s, Fiserv began to acquire other companies in the financial technology space, including CheckFree Corporation, a leading provider of electronic bill payment and presentment services. This acquisition helped Fiserv become a major player in the electronic payments industry.
In the 2000s, Fiserv continued to expand its offerings through acquisitions, including the purchase of CashEdge, a provider of mobile and online banking solutions, and Open Solutions, a provider of core banking software. Fiserv also launched its own mobile banking app, Mobiliti, in 2008.
Today, Fiserv is one of the largest financial technology companies in the world, with over 44,000 employees and operations in more than 100 countries. The company provides a wide range of solutions to financial institutions, including payment processing, core banking software, mobile and online banking, and risk management solutions.
What Industry is Fiserv In?
Fiserv is in the financial technology (fintech) industry.
What Are Fiserv's Competitive Advantages?
1. Wide range of products and services: Fiserv offers a comprehensive suite of financial technology solutions, including payment processing, digital banking, risk management, and more. This breadth of offerings allows the company to serve a diverse range of clients and meet their specific needs.
2. Strong industry expertise: Fiserv has been in the financial technology industry for over 35 years and has developed a deep understanding of the market and its trends. This expertise allows the company to anticipate and respond to changes in the industry quickly and effectively.
3. Robust technology platform: Fiserv's technology platform is highly scalable and flexible, allowing it to handle large volumes of transactions and adapt to changing client needs. This platform is also highly secure, ensuring that client data is protected at all times.
4. Strong customer relationships: Fiserv has built strong relationships with its clients over the years, providing them with high-quality products and services and excellent customer support. This has helped the company to retain its clients and attract new ones through word-of-mouth referrals.
5. Global reach: Fiserv has a global presence, with operations in over 100 countries. This allows the company to serve clients around the world and tap into new markets as they emerge.
What Are Fiserv's Competitive Threats?
Some competitive threats to Fiserv include:
1. Other financial technology companies: Fiserv competes with other companies that offer similar financial technology solutions, such as Fidelity National Information Services (FIS), Jack Henry & Associates, and Global Payments.
2. Traditional financial institutions: Fiserv also faces competition from traditional financial institutions, such as banks and credit unions, that offer their own technology solutions to customers.
3. New entrants: The financial technology industry is constantly evolving, and new companies are entering the market all the time. These new entrants could pose a threat to Fiserv's market share.
4. Cybersecurity risks: As a provider of financial technology solutions, Fiserv is also vulnerable to cybersecurity threats. Any breach of its systems could damage its reputation and lead to lost business.
5. Economic downturns: Fiserv's business is closely tied to the overall health of the economy. Any economic downturns could lead to decreased demand for its services and products.
Who Are Some of the Competitors of Fiserv?
Some of the competitors of Fiserv include FIS Global, Jack Henry & Associates, ACI Worldwide, and Global Payments Inc.
What Are Some of Fiserv's Products and Services?
Some notable products and services from Fiserv include digital banking solutions, payment processing services, risk and compliance management tools, wealth management software, and core banking systems. They also offer solutions for lending, insurance, and data analytics.
Has Fiserv Acquired any Companies?
Yes, Fiserv has made several notable acquisitions, including First Data Corporation in 2019, Monitise in 2017, and Open Solutions in 2013.