Fiserv Inc. said Tuesday its third-quarter revenue rose 3% to $1.06 billion from a year earlier due to revenue growth in its payments segment.
Its net income fell 5% to $127 million from a year earlier. The Brookfield, Wis., company said that this included a loss of $24 million from an early debt extinguishment.
"Revenue, earnings and sales results in the quarter were in line with our expectations and the stage is set for a strong finish to the year," Jeffery Yabuki, Fiserv's president and chief executive, said in a press release.
During the quarter, the company expanded its payment unit’s reach by signing 114 electronic bill payment clients and 48 debit clients.
Additionally, 105 clients agreed to offer ZashPay, a person-to-person payments service launched in mid-2010. Fiserv also completed its acquisition of CashEdge Inc., which offers the rival Popmoney service, on Sept. 13.
