FISERV

Fiserv Completes Acquisition of Finxact

Retrieved on: 
Friday, April 1, 2022

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of Finxact.

Key Points: 
  • Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of Finxact.
  • Together with Finxact, we are accelerating the ability for fintechs and financial institutions to deliver differentiated digital banking experiences to their customers, said Frank Bisignano, President and Chief Executive Officer of Fiserv.
  • We welcome the Finxact team to Fiserv as we focus on our shared commitment of innovating to create value for our clients.
  • Finxact, Inc. is led by pioneers in banking that have developed the industrys leading next-gen core banking platform.

Finicity and Fiserv Offer More Consumer Choice Through Secure Data Access

Retrieved on: 
Wednesday, March 30, 2022

Finicity, a Mastercard company, and Fiserv, Inc., both leaders in open banking technology, are advancing the future of open finance through secure data sharing.

Key Points: 
  • Finicity, a Mastercard company, and Fiserv, Inc., both leaders in open banking technology, are advancing the future of open finance through secure data sharing.
  • Finicity will access tokenized consumer data via AllData Connect from Fiserv, a secure portal through which consumers can consent to share their financial data with third-party apps.
  • "This data access agreement complements Mastercards longstanding partnership with Fiserv, demonstrated by our aligned missions to empower consumers and organizations to permission the use of their financial data for their benefit, said Ryan Christiansen, SVP, Data Access Partnerships at Mastercard.
  • Finicity, a Mastercard company, helps individuals, families and organizations make smarter financial decisions through its safe and secure access to fast, high-quality data.

Magnati Enables Businesses to Accept Contactless Payments on Their Own Phones with Technology from Fiserv

Retrieved on: 
Tuesday, March 29, 2022

This means that businesses can accept contactless payments of any amount, rather than being restricted to contactless payment limits or needing a separate card reader.

Key Points: 
  • This means that businesses can accept contactless payments of any amount, rather than being restricted to contactless payment limits or needing a separate card reader.
  • As digital payments become the norm, our new contactless payments app can facilitate digital inclusion, allowing businesses of any size to accept contactless payments and realise new growth opportunities, said Ramana Kumar, Chief Executive Officer at Magnati.
  • The app enables contactless transactions from contactless cards, NFC-enabled mobile phones or NFC-enabled devices such as wearables and key fobs.
  • Magnati is making all of this possible for their customers with the launch of their new contactless payments app.

Fiserv and MX Enable Secure Consumer Financial Data Access to Accelerate Future of Open Finance

Retrieved on: 
Monday, March 21, 2022

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, and MX, a financial data platform provider and a leader in modern connectivity, are accelerating the future of open finance through secure, reliable consumer financial data sharing.

Key Points: 
  • Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, and MX, a financial data platform provider and a leader in modern connectivity, are accelerating the future of open finance through secure, reliable consumer financial data sharing.
  • MX is the first company to access tokenized consumer data via AllData Connect from Fiserv, to better enable a more secure way for consumers to share their financial data with their favorite apps or services.
  • AllData Connect, part of the AllData Aggregation product suite, provides Fiserv client financial institutions with a secure portal through which consumers can agree to share their financial data with third-party apps.
  • This method of sharing data improves both consumer data access and security, important considerations in advancing the future of open financial ecosystems.

MONETA Wins Celent Model Bank 2022 Award for Card Modernisation Initiative with Fiserv

Retrieved on: 
Thursday, March 17, 2022

MONETA Money Bank, one of the largest banks in the Czech Republic, has won a Celent Model Bank 2022 Retail Payments Transformation award for its card modernisation initiative.

Key Points: 
  • MONETA Money Bank, one of the largest banks in the Czech Republic, has won a Celent Model Bank 2022 Retail Payments Transformation award for its card modernisation initiative.
  • The bank trusted Fiserv to help them achieve their strategic vision for card modernisation, and their recognition as a Celent Model Bank is a testament to the success of our collaboration.
  • It is refreshing to learn about a cards back-office modernisation initiative, especially one that was as well executed as the MONETA migration to the FirstVision platform from Fiserv, and we found this project a deserving winner of the Celent Model Bank 2022 award for Retail Payments Transformation.
  • MONETA Money Bank, a.s., which is the controlling entity of MONETA holding, is a leading independent Czech bank, servicing clients through its nationwide branch network.

Fiserv Named Among World’s Most Innovative Companies by Fast Company

Retrieved on: 
Tuesday, March 8, 2022

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has been named to the list of the Worlds Most Innovative Companies by Fast Company, marking the second consecutive year Fiserv has been named among the prestigious group.

Key Points: 
  • Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has been named to the list of the Worlds Most Innovative Companies by Fast Company, marking the second consecutive year Fiserv has been named among the prestigious group.
  • The Worlds Most Innovative Companies is Fast Companys signature franchise and one of its most highly anticipated editorial efforts of the year.
  • We are thrilled to have Fiserv among our Most Innovative Companies again this year, says Fast Company Deputy Editor David Lidsky.
  • Fiserv is a member of the S&P 500 Index, and has been recognized as one of FORTUNE Worlds Most Admired Companies for 11 of the past 14 years and named among the Worlds Most Innovative Companies by Fast Company for two consecutive years.

Small to Midsize Banks Benefit from Reduced Fraud with Award-Winning Fiserv Solution Leveraging FICO Analytics

Retrieved on: 
Thursday, March 3, 2022

Fiserv developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients.

Key Points: 
  • Fiserv developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients.
  • Card Risk Mitigation: EnFact Advanced Scoring from Fiserv builds on FICO Falcon Fraud Manager by adding patented neural network modeling technology to deliver real-time detection of suspicious card transactions.
  • The solution brings together the enhanced artificial intelligence capabilities of Adaptive Analytics , FICO Fraud Predictor and Global Intelligent Profiles, providing a cohesive, complementary and holistic approach.
  • The grouping of these FICO models enables Fiserv to provide a solution that adapts to fraud as it evolves through any client, cardholder, channel, or transaction type.

 UnionPay International Taps Fiserv to Further Global Expansion

Retrieved on: 
Tuesday, February 8, 2022

Additionally, UnionPay will leverage the footprint and global capabilities of Fiserv to enable more businesses outside of Mainland China to accept UnionPay cards.

Key Points: 
  • Additionally, UnionPay will leverage the footprint and global capabilities of Fiserv to enable more businesses outside of Mainland China to accept UnionPay cards.
  • Cooperation with Fiserv is an important step for UnionPay International to innovate its business development model and build a global network and an international brand, said Li Xiaofeng, CEO of UnionPay International.
  • UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay's global business.
  • For more information about UnionPay International, please visit www.unionpayintl.com , like UnionPay International on Facebook, follow @unionpay_intl on Twitter.

Fiserv to Accelerate Digital Banking Transformation for Clients with Acquisition of Finxact

Retrieved on: 
Monday, February 7, 2022

The transaction advances the Fiserv digital banking strategy, expanding the companys leading account processing, digital, and payments solutions, and positioning Fiserv as the partner of choice for clients looking to scale, accelerate and expand the digital banking experiences they deliver to their customers.

Key Points: 
  • The transaction advances the Fiserv digital banking strategy, expanding the companys leading account processing, digital, and payments solutions, and positioning Fiserv as the partner of choice for clients looking to scale, accelerate and expand the digital banking experiences they deliver to their customers.
  • As financial institutions and companies across all industries around the world embrace new fast-growing digital technology for embedded commerce, finance and payments, Finxact will enable Fiserv to provide clients modern, flexible and highly personalized digital banking experiences.
  • Were accelerating the delivery of innovative digital banking experiences for our clients and elevating their ability to compete in a rapidly changing market.
  • Through this combination, Fiserv will create a streamlined path for clients to offer digital solutions to their customers.

Fiserv Completes Acquisition of BentoBox

Retrieved on: 
Monday, November 22, 2021

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of BentoBox.

Key Points: 
  • Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of BentoBox.
  • The BentoBox marketing and commerce platform delivers a seamless guest experience dedicated to accelerating growth and helping restaurants thrive.
  • Through existing Clover from Fiserv integration, BentoBox is successfully connecting the online and on premise for a single, modern restaurant experience.
  • Fiserv is a member of the S&P 500 Index and the FORTUNE 500 and is among the FORTUNE Worlds Most Admired Companies.