Posted on Nov 2, 2019

1stChoice Merchant Solutions

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover™ cloud-based point-of-sale solution.
Fiserv is a member of the S&P 500® Index and the FORTUNE®500, and is among the FORTUNE Magazine World’s Most Admired Companies®. Visit fiserv.com and follow on social media for more information and the latest company news.

Fiserv’s $22 billion all-stock acquisition of First Data closed July 29. Now the task of melding First Data, the biggest processor in credit and debit card payments, with Fiserv, a leader in core processing services, bill payments, debit products and other services for banks and credit unions, is underway at maximum capacity. Executives reiterated the claim they’ve made since the deal was announced in January, that they can achieve $900 million in annual cost savings. Add to that another $200 million in reduced interest expense, leading chief financial officer Robert W. Hau to tell analysts the company is aiming for $1.1 billion in annual cost savings.
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