500 Job Source
Provider of data processing
services to banks.
255 Fiserv Drive
Brookfield, WI 53045
CEO: Jeffery Yabuki
Stock Symbol: FISV
Fiserv is the world's largest service provider
to banks, credit unions, lending institutions, and investment
advisors; a nationally-recognized single-source solution provider
to insurance companies and agents; and a growing presence in
health plan administration.
The company provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions.
The company has 158 locations worldwide.
Fiserv reported revenues in 2011 of $4.33 billion and net income of $472 million.
In September 2011, Fiserve acquired CashEdge, Inc., a leading provider of consumer and business payments solutions such as account-to-account transfer, account opening and funding, data aggregation, small business invoicing and payments and person-to-person payments. CashEdge’s person-to-person payments solution, Popmoney, adds complementary and advanced features to our existing offering and expands the reach of our network of financial institutions, consumers and small businesses that use the service. As of December 31, 2011, nearly 1,400 financial institutions have agreed to offer its person-to-person payments services.
Fiserv began as a provider of financial
service data processing for small banks and thrifts. In 1986,
the company went public as a $70 million regional processor,
adding credit union services with the 1988 acquisition of Minnesota
On-Line, Inc. Within four years, Fiserv was serving some of the
nation's largest financial institutions.
In 1990, the company expanded its electronic
funds capabilities through the acquisition of California-based
GTE EFT Services Money Network and GTE ATM Networks. It entered
the card fulfillment market in 1992 through Indianapolis-based
Data Holdings, Inc. And in 1997, Fiserv added securities transaction
processing services with BHC Financial, Inc., of Pennsylvania.
On Dec. 3, 2007, the company completed
its acquisition of CheckFree Corporation ("CheckFree")
for approximately $4.4 billion in cash, significantly enhancing
its presence in the fast-growing markets of on-line bill payment,
Internet banking, operational risk management and investment
On Jan. 10, 2008, Fiserv completed the
disposition of a majority of its health businesses to UnitedHealthcare.
The company estimates net proceeds from this transaction of approximately
$460 million after income taxes, final net working capital adjustments
and transaction costs.
- Medical and Dental Plans
- Health Care and Dependent Care Reimbursement Accounts, plus
pre-tax premium contributions
- Life Insurance and Accidental Death and Dismemberment Insurance
for employees and dependents
- Short and Long-Term Disability Plans
- Employee Stock Purchase Plan
- 401(k) Retirement Plan, with company matching and profit sharing
- Educational Assistance Plan
- Employee Assistance Plan
- Paid Holidays and Vacations
Updated April 15, 2012