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    FISV   US3377381088

FISERV, INC.

(FISV)
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Fiserv : and State Farm« Speed Fire and Auto Claim Payments with Digital Payout Solution

05/11/2021 | 09:12am EDT

Customers will be able to access funds quickly and select how they are received

Payout capabilities are part of the Fiserv omnichannel commerce ecosystem

State Farm, the largest insurer of cars and homes in the nation, is accelerating the claims payout process for customers with technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions.

State Farm is incrementally deploying digital payout technology from Fiserv, which will enable the company to offer customers speed and flexibility in how they receive auto and fire claim payments. With the launch of Digital Pay, claims that have been reviewed and approved can be paid digitally. If a claimant opts for a digital payout, funds can be received in their personal account in a matter of seconds – and disbursed via the payment method that best suits their needs, including to a debit card or directly to their bank account.

“We believe this new capability will support our goal to personalize the customer experience and help more people in more ways,” said Schuyler Schupbach, vice president of Property and Casualty Claims at State Farm. “As an industry leader, we are committed to ongoing transformation to meet the changing needs and expectations of customers including modernizing our technology. We are excited to introduce digital payment options through Fiserv that will simplify the claims payout process for our customers and provide added convenience.”

At Fiserv, digital payouts are part of the Carat omnichannel commerce ecosystem that securely delivers unlimited payment opportunities across the most popular channels and devices. Through simple API access, Fiserv enables clients like State Farm to easily access pre-integrated solutions – such as payouts – that allow businesses to imagine and realize new customer experiences.

“Carat is helping organizations like State Farm move money and information with the speed, flexibility, and convenience that today’s consumer demands,” said Nandan Sheth, head of Carat and Digital Commerce at Fiserv. “As businesses look to create positive new consumer experiences, the ability to pay out funds with the same speed and simplicity with which they are paid in can be a significant differentiator.”

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

Additional Resources:

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.


ę Business Wire 2021
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Financials (USD)
Sales 2021 15 932 M - -
Net income 2021 1 755 M - -
Net Debt 2021 18 850 M - -
P/E ratio 2021 40,7x
Yield 2021 -
Capitalization 73 478 M 73 478 M -
EV / Sales 2021 5,80x
EV / Sales 2022 5,26x
Nbr of Employees 44 000
Free-Float 76,1%
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Technical analysis trends FISERV, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 140,19 $
Last Close Price 109,11 $
Spread / Highest target 46,6%
Spread / Average Target 28,5%
Spread / Lowest Target 2,65%
EPS Revisions
Managers and Directors
NameTitle
Frank J. Bisignano President, CEO, COO & Director
Robert W. Hau Chief Financial Officer
Denis J. O'Leary Non-Executive Chairman
Guy Chiarello Chief Administrative Officer
Dennis Francis Lynch Independent Director
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