Fiserv
Fiserv provides payments technology, fintech and financial data processing services to banks, credit unions and merchants in more than 100 countries.
Fiserv is a global provider of payments and financial technology, supplying data processing services to banks, credit unions and other financial institutions. Founded in 1984, it began as a national data processing organisation for the financial services industry and now operates in more than 100 countries. Its work spans payments technology, fintech, financial data processing, mobile banking and transaction processing, with customers drawn from banking, credit unions, payments and merchant acquiring.
The company's infrastructure is substantial. Its payments and commerce processing platform serves financial institutions and merchants worldwide and is built to handle 25,000 financial transactions per second at peak. The business reaches roughly 6m merchant locations globally and holds 1.6bn issuing accounts on file, serving thousands of financial institutions and millions of businesses. Among its products is a mobile banking solution launched in 2008, described as the first of its kind.
Fiserv frames its mission as moving more than money - commerce, culture and communities - and characterises itself as the invisible force behind everyday financial interactions. The stated emphasis is on continuous innovation and strategic growth, with a particular focus on helping banks and credit unions run their operations more efficiently. Engineering work is therefore directed at systems that must operate at national and international scale, in regulated financial environments where reliability and throughput are critical.