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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Fiserv, Inc.    FISV

FISERV, INC.

(FISV)
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Fiserv : Card Issuers Confront Fast-Moving Fraud While Optimizing Cardholder Spend with AI-Driven Solution from Fiserv

10/08/2020 | 05:46am EST

Advance Defense enables intelligent transaction decisioning.

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has introduced a first-of-its-kind intelligent fraud detection solution for card issuers of all sizes, designed to help minimize fraud losses while maximizing legitimate cardholder spend for a full range of card types.

Advance Defense? from Fiserv is powered by cognitive artificial intelligence (AI), recommending tailored fraud rules based both on data from the specific card-issuing institution and a consortium through which fraud patterns can be identified at the merchant ID, state or country level. Issuers no longer need to spend days or weeks analyzing fraud data to enhance prevention strategies as Advance Defense will instantly recommend rules to better identify fraud and minimize false declines, optimizing the consumer experience.

'Given the evolving landscape of payments fraud, this innovation should aid financial institutions as they work to reduce cardholder friction and reduce fraud,' said Julie Conroy, research director at Aite Group. 'By staying nimble with Advance Defense, issuers can reap the benefits of increased revenue, better data access, improved operational efficiencies and top-of-wallet position with their cardholders.'

The differentiated functionality of Advance Defense includes:

A robust dataset that provides a rich foundation for higher levels of fraud detection due to enhanced data retention, integration of confirmed fraud data with real-time authorization data, and the ability to add data sources, including suspect fraud and settlement information

Advanced analytics with a fully automated environment for fraud analysis and rule generation, utilizing transparent data points and statistics, including fraud detection rates and false decline ratios

Customizable modeling incorporating 100% real-time FICO fraud scoring, indicators of unusual purchasing behaviors, and the ability to import custom models, all with a consortium level view

'This first-of-its kind robust fraud management experience was created to empower card-issuing institutions' to automatically identify evolving fraud patterns for immediate mitigation,' said Patrick Davie, vice president, Product Strategy, Card Services at Fiserv. 'Sophisticated fraud prevention is a competitive advantage, and with Advance Defense financial institutions big and small can improve the speed at which true fraud is exposed and remediated, while keeping false alarms to a minimum.'

In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today - financial services at the speed of life. Learn more at fiserv.com.

Additional resources

Advance Defense: https://fisv.co/3cKZiBV

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale solution. Fiserv is a member of the S&P 500 Index and the FORTUNE 500, and is among the FORTUNE World's Most Admired Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about FISERV, INC.
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12/01FISERV : African-American Credit Union Coalition Welcomes Fiserv as Corporate Pa..
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11/24FISERV : Consumers Turn to Digital Gift Cards Ahead of 2020 Holiday Season
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11/24FISERV : Denis J. O'Leary Appointed Chairman of the Fiserv Board of Directors
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11/23FISERV : Change in Directors or Principal Officers (form 8-K/A)
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11/23FISERV : Denis J. O'Leary Appointed Chairman of the Fiserv Board of Directors
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11/19FISERV : Enables ExxonMobil to Facilitate Commerce Within Google Pay App
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11/19FISERV : Board Approves Buyback of 60 Million Shares
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11/19FISERV : Announces 60 Million Share Repurchase Authorization
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More news
Financials (USD)
Sales 2020 15 031 M - -
Net income 2020 1 068 M - -
Net Debt 2020 19 417 M - -
P/E ratio 2020 75,3x
Yield 2020 -
Capitalization 77 630 M 77 630 M -
EV / Sales 2020 6,46x
EV / Sales 2021 5,98x
Nbr of Employees 44 000
Free-Float 71,0%
Chart FISERV, INC.
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Fiserv, Inc. Technical Analysis Chart | FISV | US3377381088 | MarketScreener
Technical analysis trends FISERV, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 33
Average target price 126,32 $
Last Close Price 115,79 $
Spread / Highest target 38,2%
Spread / Average Target 9,10%
Spread / Lowest Target -20,5%
EPS Revisions
Managers
NameTitle
Frank J. Bisignano President, CEO, COO & Director
Jeffery W. Yabuki Executive Chairman
Robert W. Hau Chief Financial Officer & Treasurer
Marc West Chief Information Officer & Executive VP
Denis J. O'Leary Lead Independent Director
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