Higher bank spending helped Fiserv Inc.'s revenue increase 3.3%, to $1.03 billion in the third quarter from a year earlier.
"Investments in innovation are translating into increased value for clients and an enhanced long-term growth profile," Jeffery Yabuki, the Brookfield, Wis., financial technology vendor's president and chief executive, said in a press release Tuesday.
Fiserv said new products are sparking interest with bank and credit union clients, noting that more than 400 institutions have agreed to offer its ZashPay person-to-person payments service.
Net income for the quarter rose 14.8% year over year, to $132 million. Diluted earnings per share were 87 cents, up from 74 cents.
The results mirror those of rival Fidelity National Information Services Inc., which reported a similar sales increase Tuesday.
