Fiserv, Inc Overview
Company Headquarters US
Founded: 1984
Workforce: ~24,000
Company Working: Fiserv, Inc. is a provider of financial services technologies. The company clientele includes banks, securities broker-dealers, credit unions, leasing and finance companies, and retailers. The company’s solutions include payments, payment processing, customer and channel management, risk and compliance, analytics, insights, and optimization. Fiserv, Inc. offers services to various industries such as banks, biller solutions, business banking, corporate services, government, healthcare, institutional asset management, insurance, property management, lending, telecommunications, utilities, and wealth management, among others. The company primarily operates in the US. Fiserv assists healthcare organizations in transforming the way they engage their clients through messaging, billing, and payment choices that decrease costs, enhance outcomes, and increase satisfaction. Fiserv offers healthcare solutions to satisfy the demands of an expanding market and rising expectations, all while improving customer relationships.
The company’s digital payment solutions include person-to-person payments, account-to-account transfers and account opening and funding. The person-to-person payments and account-to-account transfer services allow consumers a convenient way to send and receive money while offering financial institutions the opportunity to generate new transaction-based revenue, attract new accounts and increase loyalty among existing customers. The company partner with Early Warning Services, LLC to offer a turnkey implementation of its Zelle real-time person-to-person payments service. The company’s turnkey solution simplifies the implementation of Zelle by providing interface, risk management, alerting, settlement and other services to clients. Our Aggregation and Information Services products, including AllData Aggregation, provide consumer-permissioned access to account and transaction data, enabling providers to build novel experiences for opening new accounts, planning for financial wellness, providing financial advice and more.
In January 2019, Fiserv, Inc., and First Data Corporation merged together, and First Data Corporation was acquired by Fiserv Inc. in an all-stock deal. The merger of two elite organizations results in the creation of one of the top providers of payments and financial technology worldwide, as well as an improved value proposition for its customers. The company’s global business serves clients in more than 100 countries and enables more than 6 million merchant locations every year. In the U.S. alone, Fiserv solutions reach nearly 100% of households. In 2021, the company’s Merchant business processed 78 billion transactions, including 21 billion e-commerce transactions. In the company’s Payments and Fintech businesses, Fiserv processed more than 35 billion debit and network transactions and managed more than 1.3 billion bill pay transactions, while supporting more than 1.4 billion issuer accounts.
