“Market Cap $14.58 B As of May 2014
- Industry: Software & Programming
- Founded: 1984
- Country: United States
- CEO: Jeffery Yabuki
- Website: www.fiserv.com
- Employees: 21,000
- Sales: $4.81 B
- Headquarters: Brookfield, Wisconsin
- #1751 in Sales
- #916 in Profit
- #1798 in Assets
- #772 in Market value
Fiserv, Inc. provides information management and electronic commerce systems for the financial services industry. The company operates in two segments: Payments and Industry Products, and Financial Institution Services. The Payments and Industry Products segment provides financial institutions and other companies with the products and services required to process electronic payment transactions. This segment provides electronic bill payment and presentment services, debit and other card-based payment products and services, internet and mobile banking software and services, and other electronic payments software and services, including account-to-account transfers and person-to-person payments. This segment also provides investment account processing services for separately managed accounts, card and print personalization services, and fraud and risk management products and services. The Financial Institution Services segment provides banks, thrifts and credit unions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Brookfield, WI.”
For more than 27 years, Fiserv has developed industry-leading financial services technology solutions to meet clients’ ever-changing needs.
Since our formation in 1984, Fiserv (NASDAQ: FISV) has grown by finding the right resources to meet clients’ technology needs. We’ve developed state-of-the-art solutions, established key business partnerships and acquired strategic entrepreneurial companies — all in the name of innovation.
1984: Fiserv Is Born
In July of 1984, two regional financial services data processing providers — First Data Processing of Milwaukee and Tampa’s Sunshine State Systems — joined to form Fiserv, the first large national financial services company.
1986: Fiserv Goes Public
Fiserv goes public as a $70 million data processing company. Following our 1988 acquisition of Minnesota On-Line, Inc., we add credit union services to our list of offerings. Within four years, we serve some of the nation’s largest financial institutions.
1990: Fiserv Expands Electronic Funds Capabilities
California-based GTE EFT Services Money Network and GTE ATM Networks provide Fiserv the ability to expand our client solution portfolio, offering electronic funds capabilities. In 1992, we entered the card fulfillment market through the acquisition of Indianapolis-based Data Holdings, Inc.
2007: Fiserv Adds Online Bill Pay
We acquire CheckFree Corporation, the world leader in online bill pay and presentment. The acquisition, the largest to date, brings us new technology, including Corillian and Carreker, which sets us apart from the competition.
2009: Fiserv Launches One Name, One Brand
Our mission is to provide integrated technology and services solutions that enable best-in-class results for our clients. To ensure that mission, we built and acquired key partnerships. After a period of growth and innovation, in 2009 we established one name and one brand: Fiserv.
Today: Fiserv Continues to Innovate and Transform
Today, as a global, multibillion-dollar company, we offer clients an array of innovative technology solutions that are supported by the highest-quality client service.
Join us as we continue to transform the financial services industry.”
*Information from Forbes.com and Fiserv.com
**Video published on YouTube by “Midland Video Productions Inc.“