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Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007.
Corporate Structure
Fiserv has 5 business groups that specialize in transaction-based technology solutions for the financial and insurance industries, delivering integrated technology and services solutions that enable best-in-class results for our clients.
Depository Institutions – In-house and outsourced core 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.
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.
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.
Insurance & Healthcare Banking – Comprehensive products, services, and outsourced solutions for the insurance industry: life and annuity and property & casualty, including carriers and agents/brokers. Health savings accounts processing systems and enhanced delivery of integrated health and financial information.
Business Vision
To be a global leader in transaction-based technology solutions.
Headquarters
Brookfield, Wisconsin
Global Reach
Fiserv has 25,000 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 Norman J. Balthasar, Senior Executive Vice President James Cox, Executive Vice President, Corporate Development Douglas J. Craft, Executive Vice President, Operations Bridie A. Fanning, Executive Vice President, Human Resources Rahul Gupta, Group President, Payments and Industry Products Thomas Hirsch, Executive Vice President, Chief Financial Officer and Treasurer Richard K. Jones, Executive Vice President, Chief Information Officer Thomas A. Neill, Group President, Depository Institutions Stephen E. Olsen, Group President, Internet Banking and Electronics Payments Charles W. Sprague, Executive Vice President, General Counsel, Chief Administrative Officer and Secretary Thomas W. Warsop, III, Group President, Financial Institutions
Key Statistics
Compounded average annual growth 2003 through 2007
Revenue: 13% Net income, continuing operations (adjusted): 15% Earnings per share (adjusted): 19% Cash flow from operations: 5% Stock price: 9%
Revenues
2007 - $3,922 million 2006 - $3,566 million 2005 - $3,241 million 2004 - $3,003 million 2003 - $2,403 million
Recent Acquisitions
2007
NetEconomy, B.V. WorkingRx Holding Company BancIntelligence.com, Inc. CheckFree Corporation
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