Fiserv

Payment service provider · Milwaukee, United States

Fiserv is a Milwaukee company on the Nasdaq and in the S&P 500 that supplies payments and financial technology rather than bank accounts. It runs merchant acquiring and processing for about 6 million merchant locations, the Clover point-of-sale and business management platform, card issuer processing across 1.6 billion issuing accounts on file, and the core account processing and digital banking platforms used by roughly 10,000 financial institution clients. For 2025 it reported USD 21.2 billion of revenue, USD 5.8 billion of operating income, USD 3.48 billion of net income attributable to Fiserv and USD 80.1 billion of total assets, with 84 percent of revenue from the United States and Canada. A business buys payment acceptance, a till system and short-term advances on card receivables here, not a current account.

Legal name: Fiserv, Inc.
Regulated by: SEC (Nasdaq-listed issuer FISV, S&P 500 member), US card network and payment scheme rules (Visa, Mastercard)
Licence confirmed: yes, on a regulator's own list
Established: 1984
Website: www.fiserv.com

Scores, 0 to 10

8.0Fintech companies that need a partner bank

Serving financial institutions is half the company: about 10,000 financial institution clients, 1.6 billion issuing accounts on file and platforms including DNA, Finxact, CardHub and VisionPLUS, plus a dedicated fintech and embedded finance offer, though Fiserv cannot hold safeguarding balances itself. · source

8.0Financial strength & stability

S&P 500 member with USD 80.1 billion of total assets, USD 21.2 billion of 2025 revenue, USD 3.48 billion of net income attributable to Fiserv and USD 6.1 billion of operating cash flow, though it carries no bank capital ratio or deposit insurance. · source

6.5Online businesses: e-commerce and SaaS

Merchant acquiring and processing across about 6 million merchant locations, Clover point-of-sale, Commerce Hub omnichannel commerce and merchant advances of USD 598 million outstanding at 31 December 2025, but no multi-currency collection accounts. There is a dedicated software provider and ISV offer with omnichannel payments to integrate and monetise, plus a developer portal, but no local receiving accounts and no recurring-revenue financing for a software company itself. · source

6.0United States

About 84 percent of 2025 revenue comes from the United States and Canada, with roughly 6 million merchant locations and 10,000 financial institution clients, but Fiserv is a processor and offers no US business current account with ACH and Fedwire in its own name. · source

5.0Latin America, Africa & South Asia

The 10-K describes a settlement anticipation programme for international merchants denominated mainly in Argentine peso and Brazilian real, with advances generally collected within 30 days, so Latin American acquiring is a real line of business. · source

5.0On-ramp: buy crypto with fiat

Fiserv sells no crypto, but its INDX platform, launched February 2026, gives crypto exchanges and trading firms a 24/7 real-time USD settlement account spread across more than 1,100 insured US institutions, which supports fiat flows into exchanges rather than a direct purchase. · source

5.0Off-ramp: crypto to fiat in a business account

The same INDX account lets digital asset companies move US dollars out in real time around the clock, but Fiserv buys no crypto from businesses and publishes no limits, checked September 2026. · source

4.5Europe (EU, EEA, Switzerland)

Fiserv runs a German-language country site and counts 16 percent of 2025 revenue as international, but it holds no EU banking or e-money licence of its own and sells platforms to European institutions rather than accounts to European companies. · source

4.5Cross-border payments, FX and multi-currency accounts

Fiserv settles merchants in local currencies including Argentine peso and Brazilian real, but offers no multi-currency account, no published FX margin and no cross-border payment product for a company's own transfers. Commerce Hub provides omnichannel commerce, billing and payments for large merchants and corporates, but there is no multi-currency account, no cash pooling and no hedging because Fiserv holds no deposits. · source

4.5Fast digital onboarding

Clover is sold as an all-in-one system for merchants to accept payments and manage their business, and much of it goes through independent sales organisations, but no application time or document list is published. · source

4.0United Kingdom

The 10-K describes a frozen UK defined benefit pension plan covering UK employees, terminated in September 2023 and bought in through a group annuity contract in March 2024, so there are real UK operations, but no UK banking licence and no business account. · source

4.0Canada

Canada is reported inside the 84 percent United States and Canada revenue block with no separate Canadian disclosure, no OSFI licence and no Interac or Lynx access of Fiserv's own. · source

4.0Crypto-friendly bank

Fiserv has launched the FIUSD stablecoin as a named new offering, but publishes no policy on onboarding crypto exchanges, brokers or VASPs as merchants and holds no bank charter to give them fiat accounts. · source

4.0Startups & VC-backed companies

Clover targets small businesses and Clover Capital advances against future card receivables, but a pre-revenue company has no receivables to advance against and there is no account, venture debt or founder-specific product. · source

4.0Accept crypto payments

Clover merchants can add the third-party Lydian app from the Clover marketplace since February 2026 to take more than 300 crypto assets and receive local fiat settlement; Fiserv itself offers no crypto acceptance next to its card acquiring. · source

3.5Asia-Pacific (SG, HK, AU, JP, KR)

Fiserv runs an Asia-Pacific country site that names Singapore, but publishes no APAC licence, no client count and no revenue split for the region. · source

3.5Lowest fees

No acquiring, Clover or platform price list is published on the site; 80 percent of 2025 revenue came from multi-year account and transaction-based contracts priced individually. · source

3.5Business cards (Visa, Mastercard)

Fiserv processes 1.6 billion issuing accounts on file for its bank and credit union clients, but it issues no business debit or credit card of its own, so a company gets a card from the issuer, not from Fiserv. · source

3.5Foreign-owned & non-resident companies

Merchant contracts are struck locally under each market's acquiring arrangements and Fiserv publishes no policy or accepted-country list for foreign-owned or non-resident companies. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

Fiserv publishes no acceptable-use or prohibited-activities policy covering gambling, cannabis, adult or forex merchants; risk appetite is set contract by contract, with collateral demanded from merchants judged risky. · source

3.5Stablecoins (USDC, USDT and others)

Fiserv announced FIUSD for banks in June 2025 and its CEO said it would go live in July 2026, but the Q2 2026 earnings release of 6 August does not mention it and only bank pilots such as Huntington and Bank of North Dakota are reported, so no business can hold or pay out FIUSD yet. · source

2.5Best interest on business balances

Fiserv holds merchant settlement balances and collateral but is not a deposit-taker, so there is no interest rate, savings account or treasury sweep for a business. · source

2.5Customer satisfaction

Trustpilot rates Fiserv in EMEA 1.8 out of 5, in its Poor band and below the 2.0 line. · source

2.0Trade, manufacturing & import-export

No letters of credit, guarantees, documentary collections or supply-chain finance are offered; Fiserv takes letters of credit as collateral from risky merchants rather than issuing them. · source

1.5Crypto wallet and custody for a business

Fiserv holds no crypto for business clients; its FIUSD platform promises banks a stablecoin wallet next to the fiat balance in one deposit account, but the July 2026 go-live passed without a launch announcement, checked September 2026. · source

1.0Bitcoin

Fiserv offers no bitcoin buying, custody or transfers to businesses; the only bitcoin touchpoint is the third-party Lydian checkout app that pays merchants in fiat, checked September 2026. · source

1.0Ethereum

No ether buying, custody or staking is offered by Fiserv; ether accepted through the Lydian app is converted to fiat by Lydian, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.