Ahead of FDC Merge, Fiserv Reports Positive Results for 2018

Brookfield-based financial services Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term Fiserv Inc has reported its financial results for the fourth quarter and full 2018 fiscal year, which saw a strong performance across key metrics relative to the same periods over one year ago.

In terms of total revenues, Fiserv reported a figure of $1.47 billion in Q4 and $5.54 billion for the full year, which represents a jump of two percent in each period compared to the 2017 periods.

Additionally, Fiserv’s revenues grew 4.5 percent in the October-December quarter, with six percent growth in the 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 segment and three percent in the Financial segment.

Fiserv’s consolidated income statement for the three months ending December 30, 2018, revealed adjusted earnings per share at $0.84 in the fourth quarter and $3.10 for the full year, up 24 percent and 25 percent respectively.

The company also highlighted in the earnings report that it repurchased 25.5 million shares of common stock in the fourth quarter.

Founded in 1984 and headquartered in Wisconsin, Fiserv’s solutions are now used by more than 13,000 clients in over 80 countries worldwide. The company has also more than one-third of US financial institutions relying on its product suite for account processing solutions and expertise.

The deal with First Data Corporation

Fiserv Inc revealed more details about its plans to merge with payment technology provider First Data Corporation(NYSE:FDC), which announced last month it would acquire in a $22 billion all-stock deal.

The deal was approved by the boards of both companies, and Fiserv expects the acquisition to close in the first half of 2019, pending regulatory approval.

The implied First Data price from this deal is nearly $23 a share. Fiserv shareholders will receive nearly three of newly issued shares for each share they hold, or 57.5 percent of the combined company, while First Data shareholders will take the remaining 42.5 percent.

First Data is a Georgia headquartered firm, which processes $2.4 trillion each year and 2500 transactions per second. It operates as a payment technology company that handles a wide range of services including credit card processing.