Fiserv provides payments technology, data processing and fintech solutions to financial institutions and businesses in more than 100 countries.
Fiserv, founded in 1984 through the merger of First Data Processing and Sunshine State Systems, is a global provider of payments and financial technology. The company supplies data processing and financial technology solutions to financial institutions and businesses, with operations spanning more than 100 countries. It serves thousands of financial institutions and millions of businesses across the financial services, banking, credit union, payments, merchant services and fintech sectors.
Its technical work covers payments technology, data processing, financial transaction processing, mobile banking, merchant acquiring and card issuing. In 2008 the company launched what it describes as a first-of-its-kind mobile banking solution, allowing financial institutions to offer mobile banking to their customers.
Following the integration with First Data, Fiserv operates a global payments and fintech platform spanning merchant acceptance, card issuing and transaction processing. Scale figures cited by the company include 6 million merchant locations and 1.6 billion issuing accounts on file, with peak processing capacity of 25,000 financial transactions per second.
Fiserv characterises its work as moving "commerce, culture and communities forward" and positions itself as an unseen force behind everyday financial interactions, with an emphasis on continuous innovation and strategic growth building on its heritage dating to 1984.
