Fiserv

Fiserv
Fiserv, Inc.
Type Public
Traded as NASDAQFISV
Founded 1984
Headquarters Brookfield, Wisconsin, U.S.
Key people Donald F. Dillon, Chairman
Jeffery W. Yabuki, President and CEO
Thomas Hirsch, CFO
Charles Sprague, Legal
Lance Drummond, HR
Dan Murphy, Audit
Don MacDonald, Marketing
Website www.fiserv.com

Fiserv, Inc. (NASDAQFISV) provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 16,000 clients worldwide.[1] Fiserv has been ranked the largest provider of information technology services to the financial services industry worldwide from 2005-2010 except in 2007 when it gave up the position to Fidelity National Information Services.[2] Fiserv reported more than $4.7 billion in total revenue for 2008.

Contents

History

Fiserv began as a provider of financial service data processing for small banks and thrifts. In 1986, Fiserv went public as a $70 million regional processor,[3] adding credit union services with the 1988 acquisition of Minnesota On-Line, Inc.[3] Within four years, Fiserv was serving some of the largest financial institutions in United States of America.[3]

In 1990, Fiserv expanded its electronic funds capabilities through the acquisition of California-based GTE EFT Services Money Network and GTE ATM Networks.[3] Fiserv entered the card fulfillment market in 1992 through Indianapolis-based Data Holdings, Inc.[3] In 2007, Fiserv acquired CheckFree Corporation, their largest acquisition to date.[3]

In June 2010, Fiserv acquired AdviceAmerica, the producer of software for financial institutions.[4]

Corporate structure

Fiserv has nine business groups that specialize in solutions for many financial industry sectors:

ePayments – Outsourced (service bureau) core processing systems, EFT processing, credit processing services, electronic bill payment services and value-added solutions for banks and thrifts.

Lending Solutions – Outsourced and licensed software and services for the lending industry, including mortgage loan servicing, automated property valuation, loan and lease portfolio management for the auto finance market, loan settlement support and contact center services.

Item Processing – Complete solution for the item and image processing needs of financial institutions, providing resources and technology for processing and automating paper-based payment transactions.

Credit Union & Industry Products – Core account processing and value-added solutions for credit unions, plastic card production and services, high-volume laser printing and mailing, electronic document distribution and archival.

Health Solutions – Outsourced services for self-funded and other medical, dental,vision and disability plans, including health plan administration, care and disease management, and pharmacy benefit management. Sale of this division to UnitedHealth Group (pending close) was announced 11/2/2007.[5]

Investment Support Services – Outsourced services for individual and business retirement plans, trustee, custodial and recordkeeping, back-office investment support and tax reporting. Sale of this division to TD Ameritrade Online Holdings, Inc. on May 24, 2007 and closed on February 4, 2008.[6]

Fiserv Global Services – Global delivery capabilities provided to Fiserv Business Units and clients in a range of technology and processing disciplines. Fiserv India Pvt. Ltd. is the fully owned Indian subsidiary of Fiserv Global Services.

Acquisitions

2011

  • Maverick Network Solutions — Maverick was established in 2006 and was based in Brandywine Hundred, Delaware; acquisition by Fiserv was in March 2011 for an undisclosed sum and did not include personnel changes at Maverick.[7]
  • CashEdge; acquisition by Fiserv was completed in September 2011.[8]

2008

2007

  • NetEconomy
  • CheckFree (which had just acquired Corillian, Carreker, and Upstream Technologies LLC)

2006

  • CareGain, Inc.
  • Asset of CT Insurance Services & CCH Wall Street

2005

  • Del Mar Database
  • Assets of U.S. eLending business from Emergis
  • Interactive Technologies
  • Administrative Services Group Inc.
  • JW Hutton
  • BillMatrix
  • VerticalPoint
  • Xcipio, Inc.

References

Factory 1b.svg Companies portal

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Fiserv — Rechtsform Gründung 1984 Sitz Brookfield, Wisconsin …   Deutsch Wikipedia

  • Fiserv — Logo de Fiserv Création 1984 Siège soci …   Wikipédia en Français

  • FIserv Inc —   A supplier of banking systems and services. They sell an AS/400 based system called the Comprehensive Banking System (earlier known as CBS or Core) …   International financial encyclopaedia

  • FISV — Fiserv, Inc. (Business » NASDAQ Symbols) …   Abbreviations dictionary

  • Jack Henry & Associates — Infobox Company company name = Jack Henry Associates, Inc. company type = Public (nasdaq|JKHY) foundation = Monett (1976) location = Monett, Missouri, United States key people = Michael E. Henry, Chairman John F. “Jack” Prim, CEO Tony L.… …   Wikipedia

  • Metavante Corporation — Infobox Company company name = Metavante Corporation company company type = Public (NYSE: MV) company slogan = foundation = 1996 (Marshall Ilsley Corporation), Formerly M I Data Services (1964) location = Brown Deer, Wisconsin, USA key people =… …   Wikipedia

  • Canadian Imperial Bank of Commerce — Infobox Company company name = Canadian Imperial Bank of Commerce company company type = Public company foundation = Toronto, Ontario, Canada , 1867 location = Toronto, Ontario| key people = Gerald T. McCaughey President CEO industry = Bank… …   Wikipedia

  • NASDAQ-100 — The NASDAQ 100 is a stock market index of 100 of the largest non financial companies listed on the NASDAQ. It is a modified capitalization weighted index. The companies weights in the index are based on their market capitalizations, with certain… …   Wikipedia

  • Mortgage underwriting in the United States — is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. Most of the risks and terms that underwriters consider fall under the three C’s of underwriting:… …   Wikipedia

  • Case-Shiller index — The Case Shiller Home Price Indices measure the nominal value of the residential real estate market in the United States. A popular and widely used subset of the Case Shiller Index is the 20 MSA view used by Standard and Poors in the S P/Case… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”