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Fiserv
Financial Technology

Fiserv Company Overview

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Fiserv

● Active
Financial Technology · Milwaukee, Wisconsin · Est. 1984
FintechPaymentsBanking↗ Website
$94B
Valuation
$21.9B
Revenue
40k+
Employees
1984
Founded

Fiserv is a global financial technology leader providing payments, banking, and commerce solutions to thousands of financial institutions, merchants, and businesses worldwide. Founded in 1984 and headquartered in Milwaukee, Wisconsin, Fiserv processes over $2 trillion in payment volume annually through its Clover merchant platform, First Data payment network, and Carat enterprise commerce solutions, serving 1 in 3 U.S. financial institutions.

Recent Press
5 items
Press Release·2026-02-10
Fiserv Reports Full Year 2025 Results with Clover Revenue Target of $3.5B
Fiserv reported full year 2025 results on February 10, 2026 with organic revenue growth of approximately 4%, reaffirming Clover's trajectory toward $3.5B in annual revenue driven by 27% YoY Clover revenue growth in Q1 2025.
Press Release·2025-10-29
Fiserv Appoints Paul Todd as CFO and Announces Co-President Structure
Fiserv appointed Paul Todd as Chief Financial Officer effective October 31, 2025 and named Takis Georgakopoulos and Dhivya Suryadevara as Co-Presidents effective December 1, 2025, creating a new leadership structure to accelerate Clover and Carat growth.
Acquisition·2025-10-15
Fiserv Acquires Portion of TD Bank's Canadian Merchant Processing Business
Fiserv completed the acquisition of a portion of The Toronto-Dominion Bank's merchant processing business in Canada in October 2025, expanding Clover's international footprint and strengthening Fiserv's payment processing presence in the Canadian market.
Acquisition·2025-09-08
Fiserv Acquires CardFree to Expand Clover's Loyalty and Mobile Ordering
Fiserv acquired CardFree, an integrated order, payment, and loyalty platform for merchants, in September 2025, strengthening Clover's digital ordering and loyalty capabilities for restaurant and retail customers.
Press Release·2025-04-29
Clover Revenue Jumps 27% Year-Over-Year in Q1 2025
Fiserv reported Clover revenue growth of 27% year-over-year in Q1 2025, reaffirming its target of $3.5B in annual Clover revenue and demonstrating that its SMB merchant platform remains the company's fastest-growing business segment.
Company History
7 milestones
Fiserv was founded in 1984 through the merger of First Data Processing of Marshfield and Sunshine State Systems of Tampa, creating a data processing company dedicated to serving the financial services industry.

Fiserv Organization Structure & Team

Org Chart
40,000 employees · Click a leader to explore their team
35,100 across 12 departments
Chief Executive Officer
Frank Bisignano
Paul Todd — Departments
· 35100 people across 12 depts

Fiserv Financials, Revenue & Market Share

Annual Revenue
$21.9B
+7% vs prior year
YoY Growth
+7%
From $16.2B to $21.9B
Revenue / Employee
$548K
Annual revenue per full-time employee
Revenue Growth
2021
2022
2023
2024
2025
$16.2B
$17.7B
$19.1B
$20.5B
$21.9B
Market Share
Global Payment Processing
15%
share
Fiserv
15%
FIS
18%
Worldpay
12%
Global Payments
11%
PayPal/Braintree
10%
$3.2T
TAM
$180B
SAM
$27B
SOM
Revenue Streams
Merchant Solutions (Clover/Carat)65%
Financial Technology (Banking Solutions)25%
Output Solutions10%
Business Units
Merchant Solutions65%
Encompasses Clover POS for SMBs and Carat omnicommerce platform for enterprises; processed $200B+ GPV in 2022.
Financial Technology25%
Core banking, digital banking, and payment networks for 8,500+ bank and credit union clients globally.
Output Solutions10%
Statement processing, card manufacturing, and communications management for financial institutions.

Fiserv Internal Tools & Processes

Internal Tools
12 departments
Merchant Solutions5500 people · 3 roles
Standards & Certifications
10 standards
Compliance frameworks, security audits, and quality certifications this company maintains.
Security
PCI DSS Level 1
Certified
Fiserv maintains PCI DSS Level 1 certification — the highest tier — as a payment processor handling billions of transactions annually across Clover, Carat, and bank card networks.
Security
SOC 1 Type II
Certified
Fiserv holds SOC 1 Type II attestation covering its financial processing systems, required by banks and credit unions relying on Fiserv for core account processing.
Security
SOC 2 Type II
Certified
Fiserv's SOC 2 Type II report validates security, availability, and confidentiality controls across its cloud-hosted banking and payment platforms.
Security
ISO 27001
Certified
Fiserv is ISO 27001 certified, demonstrating a systematic approach to managing sensitive financial data across its global operations in 100+ countries.
Regulatory
FedRAMP Moderate
Certified
Fiserv's government banking solutions are FedRAMP Moderate authorized, enabling federal agencies and government-chartered institutions to use Fiserv core banking services.
Privacy
GDPR
Compliant
Fiserv complies with GDPR for its European operations, governing the processing of payment and banking data for EU-resident cardholders and financial institution clients.
Privacy
CCPA
Compliant
Fiserv adheres to California Consumer Privacy Act requirements for consumer financial data processed through Clover merchants and banking clients operating in California.
Regulatory
NACHA Operating Rules
Certified
Fiserv is a NACHA-certified ACH operator and third-party sender, enabling same-day ACH, payroll, and B2B payment processing for thousands of financial institution clients.
Quality
ISO 22301
Certified
Fiserv holds ISO 22301 business continuity certification, critical for financial institutions that depend on Fiserv's 99.99% uptime SLA for core banking and payment processing.
Privacy
HIPAA
Compliant
Fiserv complies with HIPAA across its health savings account administration and healthcare payment processing services, ensuring that protected health information handled through its financial technology platforms is secured and managed in accordance with federal healthcare privacy law.

Fiserv Interview Preparation

Interview Prep
Role-specific interview questions and keywords. Select a department, then click any role to prepare.
Merchant Solutions· 3 roles

Fiserv Products & Competitors

Product Suite
4 products · select one to explore
Financial Technology
Platform
Carat
The omnichannel commerce platform for enterprise

Carat is Fiserv's enterprise-grade commerce platform that unifies payment acceptance across in-store, online, mobile, and back-office channels for large merchants and financial institutions. It provides global payment orchestration, fraud prevention, advanced analytics, and issuer processing on a single platform that processes over $2 trillion in annual payment volume for enterprise customers.

Use Cases
Orchestrating in-store, e-commerce, and mobile payment acceptance for a global retail chain across 15 countries with a single Carat integrationUsing Carat's real-time authorization analytics to optimize approval rates for a large e-commerce merchant by routing transactions to highest-performing card networksImplementing Carat's account updater service to automatically refresh expired card-on-file credentials for a subscription business to reduce involuntary churn
No image
Key Customers
WMT
Walmart
TGT
Target
KR
Kroger
Competitive Intelligence
VSWorldpay
THEM

Worldpay is a global payment processing company offering merchant acquiring, payment gateway, and fraud prevention services across online, in-store, and mobile channels for businesses of all sizes, now part of the FIS merchant solutions portfolio.

EDGE

Broader banking and issuer processing integration across 1 in 3 U.S. financial institutions for end-to-end commerce solutions

VSStripe
THEM

Stripe is a global payment processing platform offering APIs for online payments, billing, fraud prevention, and financial infrastructure, serving businesses from startups to Fortune 500 companies across over 135 currencies.

EDGE

Enterprise SLA guarantees with dedicated account management and custom payment routing for $1B+ annual payment volume customers

VSAdyen
THEM

Adyen is a global payments platform providing end-to-end payment processing, acquiring, and financial services for large enterprises and marketplaces, supporting over 250 payment methods across online, in-store, and mobile channels in a single integration.

EDGE

Deep U.S. market expertise with direct connections to all major U.S. card networks and 40+ years of payment processing infrastructure