Fiserv, Inc.

Fiserv, Inc.: A Financial Technology and Payments Giant

Fiserv, Inc. is a multinational financial technology company headquartered in Milwaukee, Wisconsin. Founded in 1984, the company is a publicly traded entity listed on the Nasdaq under the ticker symbol FISV and is a component of the S&P 500 index. As a major player in its sector, Fiserv reported revenues of approximately $20.5 billion in 2024 and employs around 38,000 people. The company has grown significantly through numerous acquisitions, most notably its $22 billion purchase of First Data in 2019.

Fiserv provides a wide array of services to financial institutions, merchants, and corporations. Its offerings include account and payment processing systems, electronic payments, card issuer services, and merchant acquiring and processing. The company enables businesses to accept various forms of payment, such as credit and debit cards, ACH transfers, and mobile payments. Key products include the Clover point-of-sale and business management platform, Carat for large business payment organization, and various digital banking solutions. Fiserv's clients primarily consist of banks, credit unions, and other financial service companies, as well as retail merchants.

As an operating company, Fiserv's patent litigation history shows it primarily as a defendant. The provided data indicates one tracked case where Fiserv was the defendant, consistent with the profile of a large technology company being targeted by patent assertion entities. This suit was filed in the U.S. District Court for the Eastern District of Texas, a venue historically known for being favorable to patent plaintiffs.

The notable case listed is DataTreasury Corporation v. Fiserv, Inc., filed in 2013. The plaintiff, DataTreasury Corporation, is a well-known patent assertion entity that has sued numerous banks and financial technology companies over patents related to electronic check processing and document imaging. DataTreasury has reportedly secured over $350 million in licensing fees and settlements from its litigation campaigns. Fiserv was one of many service providers and banks sued by DataTreasury in a wave of litigation filed in May 2013 concerning systems for remote image capture and processing.