BROOKFIELD, Wis. – Fiserv Inc., the leading provider of back-office services to credit unions, said yesterday that net income for its first quarter declined 2% to $113.6 million, due to higher expenses. Per share income actually increased by 3% because of the company’s $142 million stock buyback. Revenues continued to grow at a healthy pace, by 11% over last year’s first quarter. First quarter highlights included the addition of 55 clients to the company’s electronic funds transfer operations, to 2,700 clients; the addition of 52 clients to electronic bill pay services; a new check exchange agreement with bank of America, through Viewpointe Exchange; and the acquisition of NetEconomy, a provider of financial crime systems.
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