FiservNYSE: FI

MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for October 2024. “The Fiserv Small Business Index delivers a timely and detailed look at the way consumers are spending at small businesses,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv. “This month's index shows that consumer spending was strong in October, with healthy increases to both total sales and foot.

Fiserv, Inc. (FI) has solid profits and is likely to benefit from the increase in digital payments.

NEW YORK--(BUSINESS WIRE)--Melio, a top platform for managing accounts payable and receivable for small and medium businesses, has announced it has secured an extra $150 million in a funding round led by Fiserv, Inc. (NYSE: FI), a major provider of payment and financial services technology. Shopify Ventures and Capital One Ventures also took part in this funding, which will support the company's growth through new partnerships. The Series E round has valued Melio at a significant amount.

In the third quarter, Fiserv reported increased profit margins and significant growth in its Clover platform. This indicates a positive trend for the company as it continues to develop its services. Overall, the results show strong performance and potential for future success.

Fiserv's most recent third quarter results revealed an increase in its main point-of-sale solutions, along with promising opportunities for embedded finance due to new and recently formed partnerships.

Frank Bisignano, the CEO of Fiserv, appears on 'Money Movers' to talk about how he views the company's quarterly earnings. He also compares Fiserv to its competitors and shares his insights on current consumer spending trends.

In the third quarter of 2024, FI's revenue increases due to growth in both the processing and services sectors, as well as in the product segments.

Fiserv, Inc. (NYSE:FI) will hold its Q3 2024 Earnings Conference Call on October 22, 2024, at 8:00 AM ET. The call will feature company representatives, including Julie Chariell, Frank Bisignano, and Bob Hau. Participants from various financial institutions will also join, and everyone will be in listen-only mode until the Q&A session starts after the presentation.

Fiserv (FI) reported quarterly earnings of $2.30 per share, which is higher than the Zacks Consensus Estimate of $2.25 per share. This is an increase compared to earnings of $1.96 per share from the same period last year.