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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Fiserv Inc.    FISV

FISERV INC.

(FISV)
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Fiserv : 'Dine and Dash' Redefined with New Clover Scan to Pay Feature

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02/14/2020 | 08:07am EST

Clover point-of-sale technology enhances efficiency at restaurants like Makers & Finders.

Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover platform from Fiserv, Inc., (NASDAQ: FISV), a leading provider of financial services technology. Developed to expedite the payments experience in response to consumers' increasing expectations for speed and convenience, Scan to Pay helps eliminate inefficiencies within the traditional full-service restaurant payment process by allowing a guest to pay a bill and tip within seconds using their iPhone and Apple Pay. Scan to Pay is a pioneering innovation and does not require the download of an additional app.

'As a high-volume restaurant, we wanted a more efficient way for our guests to pay,' said Josh Molina, owner of Makers & Finders in Las Vegas. 'Since we began using Scan to Pay with Clover Dining, we have been able to offer a more seamless payment experience to our guests, turning more tables while giving guests a 'wow' experience as they pay for their meal.'

With Scan to Pay, guests use their iPhone camera to scan a Clover-generated QR code at the bottom of their receipt to pay their restaurant bill with Apple Pay. This saves time for both the guest and the server by eliminating the need for the guest to give their credit card to the server and for the server to take the card to the point of sale, process the transaction, and return for a signature. Not only is Apple Pay quick and convenient for both the guest and restaurant, it is also secure as a customer must authorize every transaction with Face ID or Touch ID on their iPhone.

Servers know the guest has paid because the bill shows as paid instantly on all the restaurant's devices. Additionally, guests have access to their restaurant bill on their phone, and if the restaurant is using Clover Feedback, guests can share their comments with the restaurant owner through direct message.

Scan to Pay is particularly beneficial in high-volume, full-service restaurants and in locations where guests may have time constraints, such as airport restaurants or venues that serve pre-theater guests, because it facilitates a quick and secure payment experience while enhancing efficiency. The use of Scan to Pay can reduce the time needed to turn a table, which can allow staff to serve more guests per shift and create opportunities to increase revenue and tips.

'As restaurants look for new ways to adapt to consumer trends and offer quality dining experiences, Scan to Pay puts the power of when to pay and leave into the hands of the restaurant guest, creating a better dining experience and reducing extra tasks for servers,' said John Beatty, co-founder of Clover. 'Scan to Pay represents another step forward for Clover as we continue to build out our core technology capabilities and provide additional solutions that can help merchants grow their businesses and delight their guests.'

Clover is a market-leading point-of-sale (POS) platform with more than one million merchant devices distributed globally, processing more than $100 billion in annualized payment volume. Clover functions as a complete business-management platform enabling merchants to maximize their operating efficiencies and grow, while allowing customers to pay using a debit or credit card or via mobile payment options such as Apple Pay, Google Pay and Samsung Pay.

For more information on Clover, visit Clover.com.

In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today - financial services at the speed of life. Learn more at fiserv.com.

Additional Resources:

More information on Scan to Pay

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale solution. Fiserv is a member of the S&P 500 Index and the FORTUNE 500, and is among FORTUNE World's Most Admired Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

FISV

Source: Fiserv, Inc.

Media Relations:

Bart Mackey

Manager, Corporate Communications

Fiserv, Inc.

212-515-0231

barton.mackey@fiserv.com

Additional Contact:

Ann Cave

Director, External Communications

Fiserv, Inc.

678-325-9435

ann.cave@fiserv.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.49% 295.5896 Delayed Quote.1.54%
FISERV INC. 0.07% 116.23 Delayed Quote.0.83%
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Financials (USD)
Sales 2020 16 181 M
EBIT 2020 4 919 M
Net income 2020 1 883 M
Debt 2020 18 794 M
Yield 2020 -
P/E ratio 2020 41,9x
P/E ratio 2021 31,1x
EV / Sales2020 6,06x
EV / Sales2021 5,65x
Capitalization 79 269 M
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Mean consensus BUY
Number of Analysts 32
Average target price 133,57  $
Last Close Price 116,59  $
Spread / Highest target 30,4%
Spread / Average Target 14,6%
Spread / Lowest Target -34,0%
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Managers
NameTitle
Jeffery W. Yabuki Chairman & Chief Executive Officer
Frank J. Bisignano President, Chief Operating Officer & Director
Robert W. Hau Chief Financial Officer & Treasurer
Marc West Chief Information Officer & Executive VP
Denis J. O'Leary Lead Independent Director
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