Founded in 1984, Fiserv is the leading provider of outsourced technology services to 12, 000 clients worldwide, primarily mid-sized banks and credit unions in the US. In July 2019, Fiserv merged with Fist Data to form one of the largest payment companies in the industry. This brought tighter integration across the payments value chain by combining Fiserv’s strength in core processing with First Data’s focus on card issuer processing and merchant acquiring. Ultimately, this helped Helps Fiserv's legacy geographically.
The market is over punishing Fiserv’s exposure to smaller merchant businesses. Investors are overly pessimistic of Fiserv's debt load- undermining inherent customer stickiness. Fiserv should trade as a merchant acquirer and payment processor instead of a bank core processor.
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