BROOKFIELD, Wis. - (10/22/04) -- Fiserv Inc., a company built throughacquisition, said corporate purchases continued to drive itsperformance on the 20th anniversary of its founding. The company,formed in 1984, said revenues climbed 22% for the third quarter to$958.1 million, and net income rose by 15% to $92.4 million, or 47cents a share, compared to the same period last year. Third quarterearnings were fueled by the acquisitions of Results InternationalInc. a provider of outsourcing for the insurance industry, and ofPharmacy Fulfillment Inc., a provider of mail-order prescriptionservices. In addition, the company announced Tuesday it hasacquired CheckAGAIN LLC, which converts paper and imaged checksthat have been returned for insufficient funds into electronictransactions. Through the first three quarters Fiserv reported a29% rise in revenues to $2.8 billion, and 20 surge in net income to$280.2 million, or $1.42 a share.
-
The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
9m ago -
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
18m ago -
Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
24m ago -
Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
45m ago -
The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
52m ago -
Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
8h ago