Fiserv Reports Strong Fourth Quarter Earnings

Published February 05, 2013, 10:36 p.m. EST

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Updated August 26, 2020, 10:28 p.m. EDT

1 Min Read

BROOKFIELD, Wis. Fiserv, fresh off its acquisition of Open Solutions Inc., reported a 25% rise in fourth quarter earnings to $179 million, despite a slight decline in revenue.

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Fourth quarter revenue was down $5 million to $1.16 billion.

Fourth quarter highlights included: California CU agreed to leverage payment solutions from Fiserv with CheckFreeRXP and Popmoney for bill payment and person-to-person payments; Founders FCU expanded its account processing and payments relationship with Fiserv to enhance its digital channels capabilities with Corillian Online, Mobiliti, AllData PFM and Mobile Source Capture; and, the signing of 134 Mobiliti clients and 113 Popmoney customers.

For the full year Fiserv reported a 3% increase in revenue to $4.48 billion, and a 29% surge in net income to $611 million.

Earlier this month Fiserv agreed to acquire Open Solutions, Inc., from The Carlyle Group, but those results were not included in the fourth quarter report.

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