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Fiserv looking to international market for growth
BROOKFIELD, Wis. (5/5/09)--International markets could offer Fiserv Inc. more chances to grow, according to Fiserv President/CEO Jeffrey W. Yabuki. On a conference call last week, Yabuki noted that his company is looking to increase organic growth and indicated that it could seek more acquisitions because the market is saturated (American Banker May 4). Fiserv also is hoping to benefit on Fidelity National Information Service’s acquisition of Metavante Technologies, which is set to close next quarter, Yabuki said. Given today’s competitive landscape, Fiserv had expected that people would ‘come together’ to try and emulate what Fiserv has done, he added. Fiserv bought CheckFree Corp. of Atlanta a year and a half ago. Last week’s conference call focused on Fiserv’s first-quarter earnings, which dropped 69% to $103 million. Revenue dropped 20% to $1.04 billion.


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