Competitor Profile: Fiserv

2020-05-20
Price :
Published : May-2020
No. of Pages : 22

Competitor Profile: Fiserv

Summary

Fiserv is a leading global provider of payments and financial services. It provides a wide range of services, including electronic payment processing for electronic bill payments, account-to-account transfers, and debit and credit card processing and services; internet and mobile banking systems; card and print personalization services; loan origination and servicing products; as well as fraud and risk management services. In January 2019, Fiserv announced the acquisition of leading global merchant acquirer and processor First Data for $22bn. The transaction was completed in July 2019, helping Fiserv position itself as a leading player in merchant acquiring and payment offerings globally. The combined company is operating as Fiserv. With the acquisition Fiserv became the third-largest merchant acquirer in the US, with a market share of 16.7% in terms of transaction value in 2019.

Launched in 1984, the company offers its services to over 12,000 clients in over 100 countries. The company mostly offers its services to banks, credit unions, securities broker-dealers, leasing and finance companies, and merchants.

The report provides information and insights into Fiserv including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company’s important events and milestones

Scope

– In July 1984, First Data Processing and Sunshine State Systems merged to form Fiserv.
– In July 2019, Fiserv acquired leading merchant acquiring and payment processing provider First Data. The combined company operates under the Fiserv brand.
– In February 2020, Fiserv launched Clover Scan to Pay, a QR code-based bill payment feature enabling customers to pay for restaurant bills and tips by scanning a QR code using their iPhone and Apple Pay.
– In April 2020, Fisev partnered with MetaBank to issue Visa prepaid cards for COVID-19-related stimulus payments for US citizens.

Reasons to Buy

– Gain insights into Fiserv’s business operations and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Filed in: Banking & Finance
Publisher : GlobalData
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