Credit Union Journal Daily Briefing  |  Friday, February 3, 2012

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BROOKFIELD, Wis. – Fiserv reported a 23% rise in fourth quarter profits, fueled by an 8% rise in revenues to $1.16 billion.

“Revenue growth in the quarter was at its highest level in more than three years, leading to our 26th consecutive year of double-digit adjusted EPS growth,” said Jeffery Yabuki, president of Fiserv.

The company said fourth quarter highlights include: 114 new electronic bill payment clients and 54 new debit clients; and contracts with Navy FCU for Fiserv’s Corillian Online internet banking experience, Campaign Manager, Fraud Detection System and Personal Money Manager; with Navigant CU for Fiserv’s Acumen account processing platform; with Members CU for XP2 account processing platform; and with Suncoast Schools FCU for the Acumen account processing platform.

For the full year Fiserv reported a 5% rise in revenues to $4.4 billion, and a 5% decline in net income to $472 million.