GS Logo
The Green Sheet, Inc

Please Log in

A Thing
View Archives

View PDF of this issue

Care to Share?


Table of Contents

Lead Story

Expanding options through microfinance

Patti Murphy
The Takoma Group

News

Industry Update

Indictment for gambling processor

EPX, joining end-to-end and tokenization

Be the miracle

A silver anniversary for Fiserv

PCI SSC reaches Iron Mountain

W.net appoints new director

Features

Payments on the edge: A conversation with Conrad Sheehan

The irrational truth of customer behavior

Industry Leader

Paul R. Garcia –
Apple thriving close to the tree

Selling Prepaid

Prepaid in brief

A new kind of smart card

A smarter way for the government to pay?

Card payments for caregivers

Views

Financially strapped boost payment alternatives

Patti Murphy
The Takoma Group

Accounts receivable processing and the ISO revenue model

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Blackjack savvy applied to merchant acquiring

Jon Perry and Vanessa Lang
888QuikRate.com

How to do effective performance appraisals

Vicki M. Daughdrill
Small Business Resources LLC

Processing continuity: Threats and remedies

Dale S. Laszig
DSL Direct LLC

An operational look at improving sales force training

Deana Sellens
Take Charge Business Consulting LLC

Company Profile

M2 Global Ltd.

New Products

Flag and filter online payments

Shop BuyVoice
Planet Payment Inc.

Merchant management minus tech troubles

Hosted Download Management Service
POS Portal Inc.

Inspiration

Reflect that glory

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

August 24, 2009  •  Issue 09:08:02

previous next

A silver anniversary for Fiserv

Milwaukee-based payment solutions provider and processor Fiserv Inc. celebrated its 25th anniversary on July 31, 2009. Fiserv was founded in 1984 when Tampa, Fla.-based Sunshine State Systems Inc. and First Data Processing Inc. in Milwaukee combined to form the first national financial services company.

For the past quarter century, Fiserv has grown - through more than 150 acquisitions - from a $20 million organization with 350 employees serving small banks and credit unions to a $4.7 billion Fortune 500 company with 20,000 employees. Fiserv went public on Sept. 25, 1986; since then, its stock has risen from $1.10 per share to approximately $48 today.

"We had a great idea - to focus on data processing for banks and build from our foundation of regional operations to create a nationwide enterprise," said George Dalton, the company's co-founder, Chairman and Chief Executive Officer from 1984 to 2000. "Now, 25 years later, Fiserv is far exceeding anyone's expectations."

Fiserv-ing the globe

In 1991, Fiserv entered the commercial bank, international and credit union core account processing markets with its acquisition of Citicorp Information Resources Inc.; this led to expanding into London and Singapore.

The company entered the online bill pay and electronic bill presentment market in 2007 with the purchase of CheckFree Corp. Today its footprint has grown to 250 locations in 40 countries worldwide with over 18,000 clients. Fiserv has been recognized numerous times for its stability, growth and contributions to the financial services industry, including:

Branded for commitment

In February 2009, Fiserv introduced a "go-to-market strategy" in which all of its business units were branded Fiserv. This was designed to bring one name to the market and optimize client access to the company. "The bridge between our first 25 years and the next 25 is our commitment to serving clients," said Jeffrey Yabuki, Fiserv's current President and CEO. "We know the real advantage is the quality of our people and their commitment to excellence ... and we are excited about the possibilities that lie ahead."

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

previous next

Spotlight Innovators:

North American Bancard | USAePay | Super G Capital LLC | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems