Tag Archives: financial technology

Fiserv Reports Solid First-Quarter Results

Fiserv Reports Solid First-Quarter Results

Fiserv reported first quarter 2014 results, which we characterize as modestly better than expectations. Adjusted internal revenue grew 5.6% year-over-year, compared with our estimate of 3.8% growth. The payments segment grew 8.5%, while the financial segment grew 2.7%, with both coming in above  estimates. The adjusted operating margin was 29.6%, an improvement of 120 basis

Alliance Data Systems Corporation March Data Suggests Solid March-Quarter

Alliance Data Systems (ADS) reported monthly data for March; charge-offs and loan growth were modestly better than our expectations, and delinquencies were consistent with historical seasonal trends. In March, net charge-offs for the managed portfolio rose 10 basis points month-to-month, to 4.7%, and 30-day-plus delinquencies fell 40 basis points month-to-month, to 3.9%. For the March

Regulatory Update; Terrorism Bill Moves in Much More Favorable Direction

The Financial Markets Committee within the Duma approved a toned-down draft of amendments to Russian Federation Law No. 161-FZ. Of course, this does not remove geopolitical risk, which is quite difficult to call. Obviously, escalation of the Ukraine crisis would be troublesome for Qiwi shares and a de-escalation would be very good news for the