BROOKFIELD, Wis. – Back-office services giant Fiserv reported net income for its fiscal second quarter soared by 79% to $161 million, fueled by higher processing and services revenue.
Second quarter revenue rose 3% to $1.1 billion, as sales from processing, services and products increased during the quarter.
The company signed 109 electronic bill payment clients, 34 debit clients and 136 person-to-person clients, as well as 129 clients for Mobiliti mobile banking product in the second quarter. Fiserv said it integrated its P2P payment offerings into the Popmoney network, reaching more than 1,600 financial institutions and approximately 40 million consumers through existing online and mobile banking relationships with a single solution.
Among its second quarter highlights was a contract with Trustone Financial FCU to convert to its Acumen core processing solution.
For the first six months of its fiscal year Fiserv reported a 4% rise in revenue to $2.2 billion, and a 45% rise in net income to $293 million.