Fiserv, Inc (NASDAQ:FISV) provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution’s general ledger and central information files. This segment also provides digital banking, financial and risk management, cash management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, and electronic billing products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. The company was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.
Fiserv is a wide-reaching fintech company. The company processes more than 12,000 financial transactions per second, boasts 1.4 billion accounts globally, 100 million digital banking users, 10,000 financial institutional clients and around 6 million merchants as well as numerous government agencies. Another interesting snippet is that it has touchpoints with nearly 100% of U.S. households. Fiserv is also making strides forward as it relates to fintech and payments.
The company has become a leading player in outsourced information technology (IT) solutions for financial institutions. Furthermore, Fiserv’s new offerings, Clover and Carat, are growing at a rapid rate.
Therefore, FISV is a good investment for long-term investors as an opportunity to grab this fintech stock at current price levels.