Fiserv Names Kevin Schultz as Group President

Global financial services provider Fiserv, Inc. has appointed Kevin Schultz as its newest Group President, where he will oversee a freshly launched consumer-focused group.

Mr. Schultz has nearly three decades of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and financial services experience, having recently worked as the president of global financial services at First Data Corporation. In addition, he has also held a number of senior level roles at other firms such as Visa.

According to Jeffery Yabuki, President and Chief Executive Officer of Fiserv in a recent statement on the appointment, "Kevin brings a strong payments background and intense client focus to his new role. We believe his industry knowledge and leadership experience will help us to deliver on the opportunities we see to create new value for financial institutions and their customers."