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A Fortune 500 company, Fiserv, Inc. (NASDAQ: FISV) is the world leader in information management and e-commerce systems for financial services. For four of the last five years, the company ranked No. 1 on the FinTech 100 Survey, the world’s only ranking of technology companies serving the financial industry. Winner of the 2008 InformationWeek 500 banking and financial service category, and No. 4 overall on InformationWeek’s Innovator’s list, Fiserv is the experienced partner of choice in core processing solutions for U.S. banks, credit unions and thrifts, and drives innovation in transaction processing and outsourcing, risk and compliance, investment management solutions, and electronic bill payment. Headquartered in Brookfield, Wisconsin, Fiserv reported $4.7 billion in total revenue for 2008.
Corporate Structure
Fiserv is divided into two large business groups that specialize in transaction-based technology solutions for the financial industry, delivering innovative and integrated technology that enable best-in-class results for our clients.
Depository Institution Services:
- Depository Institutions – In-house and outsourced account processing for banks, thrifts and credit unions, including add-on functionality for cash and treasury management; fraud, risk, and financial management; electronic funds and wire transfer; remote capture and image management; Internet banking and bill payment; customer contact solutions; data warehousing; and international financial institution processing.
- Internet Banking & Electronic Payments – Innovative products and services for online banking, electronic billing and payment, financial software and payment infrastructures, and the delivery of investment services technology for managed accounts.
Financial Institution Services:
- Financial Institutions – Complete solutions for the item and image processing needs of financial institutions, providing resources and technology for processing and automating paper-based payment transactions. Outsourced and licensed software and services for the lending industry, loan and lease portfolio management for the auto finance market, loan settlement support and contact center services.
- Payments and Industry Products – Electronic payments processing, including ATM driving, debit and credit card processing and network solutions (ACCEL/Exchange). Risk and compliance solutions for enterprise risk, anti-money laundering, operational risk and fraud mitigation. High-value business communications solutions including document delivery, card manufacturing and personalization services, high-volume laser printing and electronic document distribution and archiving. Business intelligence solutions including data warehouse and analytics, content management and business performance management solutions for sales and service.
Business Vision
To be a global leader in transaction-based technology solutions.
Headquarters
Brookfield, Wisconsin
Global Reach
Fiserv has 20,000 employees in 250 locations worldwide serving more than 18,000 clients.
Management Team
Jeffery W. Yabuki, President and Chief Executive Officer
Peter J. Kight, Vice Chairman
Stephen E. Olsen, Group President, Depository Institution Services
Thomas W. Warsop, III, Group President, Financial Institution Services
James Cox, Executive Vice President, Corporate Development
Douglas J. Craft, Executive Vice President, Depository Institution Services
Bridie Fanning, Executive Vice President, Human Resources
Thomas Hirsch, Executive Vice President, Chief Financial Officer and Treasurer
Don MacDonald, Executive Vice President, Chief Marketing Officer
Daniel Murphy, Senior Vice President, Director of Internal Audit
Charles W. Sprague, Executive Vice President, General Counsel and Secretary
Murray C. Walton, Senior Vice President, Chief Risk Officer
Key Statistics
Compounded average annual growth 2004 through 2008
Revenue: 11%
Net income, continuing operations (adjusted): 11%
Earnings per share (adjusted): 15%
Cash flow from operations: 6%
Stock price: (3%)
Revenues
2008 - $4.7 billion
2007 - $3.9 billion
2006 - $3.5 billion
2005 - $3.2 billion
2004 - $3.0 billion
2003 - $2.4 billion
Recent Acquisitions
2008
The Data Center (TDC) in Nov. from Compass Bank in Grapevine, Texas
i_Tech Corporation in Dec. from First Interstate BancSystems, Inc., in Billings, Montana
2007
NetEconomy, B.V.
WorkingRx Holding Company
BancIntelligence.com, Inc.
CheckFree Corporation
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