Fiserv
Provider of data processing
services to banks.
Headquarters:
255 Fiserv Drive
Brookfield, WI 53045
Employees: 22,000
CEO: Jeffery Yabuki
Stock Symbol: FISV
Website:
http://www.fiserv.com
Career
Site
Fiserv is the world's largest service provider
to banks, credit unions, lending institutions, and investment
advisors; a nationally-recognized single-source solution provider
to insurance companies and agents; and a growing presence in
health plan administration.
The company provides information management
systems and services to the financial and health benefits industries,
including transaction processing, outsourcing, business process
outsourcing and software and systems solutions. The company serves
more than 18,000 clients worldwide, including banks, credit unions,
financial planners/investment advisers, insurance companies and
agents, self-funded employers, lenders and savings institutions.
In 2007, the company completed the acquisition
of CheckFree, a leading provider of electronic commerce services.
Fiserv reported revenues in 2007 of $3.92
billion and net income of $439.3 million.
History
Fiserv began as a provider of financial
service data processing for small banks and thrifts. In 1986,
the company went public as a $70 million regional processor,
adding credit union services with the 1988 acquisition of Minnesota
On-Line, Inc. Within four years, Fiserv was serving some of the
nation's largest financial institutions.
In 1990, the company expanded its electronic
funds capabilities through the acquisition of California-based
GTE EFT Services Money Network and GTE ATM Networks. It entered
the card fulfillment market in 1992 through Indianapolis-based
Data Holdings, Inc. And in 1997, Fiserv added securities transaction
processing services with BHC Financial, Inc., of Pennsylvania.
On Dec. 3, 2007, the company completed
its acquisition of CheckFree Corporation ("CheckFree")
for approximately $4.4 billion in cash, significantly enhancing
its presence in the fast-growing markets of on-line bill payment,
Internet banking, operational risk management and investment
services.
On Jan. 10, 2008, Fiserv completed the
disposition of a majority of its health businesses to UnitedHealthcare.
The company estimates net proceeds from this transaction of approximately
$460 million after income taxes, final net working capital adjustments
and transaction costs.
Benefits
- Medical and Dental Plans
- Health Care and Dependent Care Reimbursement Accounts, plus
pre-tax premium contributions
- Life Insurance and Accidental Death and Dismemberment Insurance
for employees and dependents
- Short and Long-Term Disability Plans
- Employee Stock Purchase Plan
- 401(k) Retirement Plan, with company matching and profit sharing
contributions
- Educational Assistance Plan
- Employee Assistance Plan
- Paid Holidays and Vacations
Updated March 1, 2008
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