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0 0.000122339124051761 0.00048935649620739 0 -0.00293613897724503 -0.00415953021776368 -0.00403719109371175 0.000734034744311085
Stock impact report

Fiserv to buy U.S. Bancorp unit's debt-card processing, ATM services and MoneyPass for $690 million [MarketWatch]

Fiserv, Inc. (FISV) 
Last fiserv, inc. earnings: 2/4 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.fiserv.com
Company Research Source: MarketWatch
Fiserv to buy U.S. Bancorp unit's debt-card processing, ATM services and MoneyPass for $690 million Fiserv Inc. FISV, +0.91% said Tuesday it will pay $690 million to buy the debit card processing, ATM Managed Services and MoneyPass network of U.S. Bancorp's USB, +0.20% Elan Financial Services. Fiserv said it expects the acquired business, which has revenue of over $170 million, to add to adjusted earnings per share in 2019. "We continue to see opportunities for financial institutions to enhance the card-based payments they provide to their customers in an always-on, anytime access world," said Fiserv Chief Executive Jeffery Yabuki. Fiserv and U.S. Bancorp shares were still inactive in premarket trade. Fiserv's stock has rallied 23% year to date, while U.S. Bancorp shares have edged up 1.6% and the S&P 500 SPX, +0.14% has gained 9.2%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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