Fiserv

Merchant acquiring and core-banking technology provider

Overview

Fiserv operates through a Merchant segment, which covers merchant acquiring, digital commerce and mobile payments, and a Financial segment, which supplies technology to banks and credit unions.[2] Forbes records sales of US$21.1bn and profit of US$3.2bn.[2] The Fortune 500 lists revenue of US$21.2bn for 2025.[10] Its market value of US$29.5bn at the Forbes data date was below Block’s despite higher profit.[2]

Fiserv strengths and limitations

Strengths

  • Serves both banks and merchants
  • Large installed base of bank-processing clients

Limitations

  • Market valuation was low relative to profit when the list was compiled
  • Much of its business is mature, slower-growing processing

Appears in

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