CEO Frank Bisignano told CNBC's "Money Movers" on Wednesday that Clover is a key driver of growth, and said Fiserv's relationships with 3,500 U.S. banks provide an opportunity to deepen market penetration and product offerings. Fiserv completed the $22 billion acquisition of payment processor First Data in 2019.
Fiserv up 60% in the last year
"The strength of the company is the construction of the company that we built by putting First Data and Fiserv together which others tried, but they then didn't get there," Bisignano said. He added that the integration allowed the company to serve small businesses as well as major enterprises such as McDonald's and Walmart, along with nearly every bank in the country.