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Let's begin with the big deal of the day financial technology provider Fiserv is buying payment processor first data in a twenty two billion dollar all stock deal now Jason that twenty two billion dollar number represents a nearly thirty percent premium over where first data closed. On Tuesday and first data up big today yeah I mean this is a I think a very good deal for first data shareholder so congratulations you should feel good about this five services a company Matt I talked about on on industry focus here and they're on Mondays but ultimately in. A nutshell this buys Fiserv market share into a part of the value chain that moves money around in this world of electronic payments and it gives the combined entity really a. Chance to cut costs and boost margins over time assuming they execute the mechanics of the deal as you mentioned are relatively fair all stock it does seem like five service had a decent past twelve months into the past three years before today's sell-off the stock was up sixty-seven percent so it's not like they're selling with the. Stock it depressed levels and that's good probably could have gotten away with issuing debt to do this but you know in the thing about stock deals stock is still theoretical right it doesn't cost him any money to do it you see these big tech companies do it all the time like Facebook and buying what's up so everybody I guess. Has an opinion on that but ultimately first data is there a. Merchant acquirer and so they just play a part of that transaction when you're. Going from the merchant to the. Visa Network to the bank that that's what Fiserv does it could be argued that their competitive position is a little bit trickier in today's world was Square. And PayPal that's why I think the deals was a pretty good one cuz. I'm not sure I really feel strongly about first data as I do about Fiserv but all in all like you know probably sensible sensible acquisition well I think this is probably a testament to what's happening in the bigger space I mean we're seeing a lot. Of consolidation there's a lot of small players acquiring other small players big players of acquiring small players and technology in. General like IBM and RedHat which we talked about I mean there's just a lot of consolidation going around because we have so. Many new startups operate the space so when I see stuff like this happen I mean it's not really a surprise right you can't have so many. Different operators within payments or other industries operating independently there needs to be some consolidation and let's talk about that space to wrap this story up Jason you talk a lot about the war on cash we talk about names like square and PayPal does this deal change your thinking at all in terms of that bigger war on cash I. Mean it makes me it makes me feel like square and PayPal's position is a bit stronger perhaps today than it was five years ago now now to understand what Fiserv does Fiserv and is these are two very different businesses Fiserv is essentially a software provider for smaller. Financial institutions and that's a good business in which to be right i mean you provide some good software to big banks. Like this they don't want to switch systems really ever so. You deliver a decent product over time you can develop some switching cause there which is a little bit of a competitive advantage but but I think the real question here is gonna be where is first data's position in. This value chain as we move towards this this trend of electronic payments ten years ago first data's value proposition would be a lot more clear than it is today I think today investors including myself would ask themselves the. Question why this first data need to exist in a world where Square and PayPal are becoming more and more able to do more and more things that question I mean time will only answer really the nice thing for five servers if for some reason. First data is really full. Of business falls by the wayside again they only issued stock to do it not really.

 


Fiserv Company News

Thu, 09 May 2019 10:00:00 GMT
Customers in Dubai, Reykjavik opt for Fiserv AML solution - ATM Marketplace
Customers in Dubai, Reykjavik opt for Fiserv AML solution ATM Marketplace Fiserv Inc., a provider of financial services technology solutions, has announced that a payment scheme in the Middle East and a universal bank in Iceland have ...
Thu, 09 May 2019 18:30:00 GMT
Banda MS de Sergio Lizárraga to perform at Fiserv Forum - BizTimes.com (Milwaukee)
Banda MS de Sergio Lizárraga to perform at Fiserv Forum BizTimes.com (Milwaukee) Regional Mexican band Banda MS de Sergio Lizárraga, better known as Banda MS, will perform at Fiserv Forum on Friday, Nov. 1, the Milwaukee Bucks ...
Mon, 06 May 2019 12:23:00 GMT
Fiserv: Compelling First Data Deal Dynamics - Seeking Alpha
Fiserv: Compelling First Data Deal Dynamics Seeking Alpha Fiserv Inc. and First Data Corp. are heading toward a merger. The all-share deal is expected to be finalized in 3Q 2019. The transaction should generate a subst.
Wed, 08 May 2019 20:46:00 GMT
Like tailgating for basketball: Thousands swarm Fiserv Forum plaza as Bucks drive deep into playoffs - Milwaukee Journal Sentinel
Like tailgating for basketball: Thousands swarm Fiserv Forum plaza as Bucks drive deep into playoffs Milwaukee Journal Sentinel Amid the Bucks' playoff run, thousands of basketball fans are turning the plaza outside Fiserv Forum into Milwaukee's raucous new town square.
Tue, 07 May 2019 15:08:00 GMT
It looks like watching the Bucks on the plaza outside Fiserv Forum (and at Miller Park) was a lot of fun Monday - Milwaukee Journal Sentinel
It looks like watching the Bucks on the plaza outside Fiserv Forum (and at Miller Park) was a lot of fun Monday Milwaukee Journal Sentinel It looks like the plaza area around Fiserv Forum is the place to be for Bucks games, if Monday's showing was any indication.
Thu, 09 May 2019 18:21:00 GMT
Fiserv Inc (FISV) Doesn't Expect Anything Related to BofA JV Situation to Impact First Data (FDC) Deal - Bloomberg - StreetInsider.com
Fiserv Inc (FISV) Doesn't Expect Anything Related to BofA JV Situation to Impact First Data (FDC) Deal - Bloomberg StreetInsider.com (Updated - May 9, 2019 2:42 PM EDT). Fiserv Inc (NASDAQ: FISV) doesn't expect anything related to First Data's (NYSE: FDC) joint venture with Bank of ...
Fri, 26 Apr 2019 07:00:00 GMT
Fintech giant Fiserv sued by Pa. credit union for 'baffling security lapses' - CyberScoop
Fintech giant Fiserv sued by Pa. credit union for 'baffling security lapses' CyberScoop A Pennsylvania credit union has sued fintech giant Fiserv for allegedly failing to address persistent vulnerabilities in the platform that powers its banking ...
Thu, 02 May 2019 13:21:52 GMT
Fiserv Plaza emerging as entertainment force - Greater Milwaukee Today
Fiserv Plaza emerging as entertainment force Greater Milwaukee Today May 2, 2019. Fans gather at Fiserv Plaza for a Bucks watch party during the team's 2019 spring playoff run. Even when the Bucks aren't in Milwaukee, the ...
Mon, 29 Apr 2019 19:31:44 GMT
Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses - pymnts.com
Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses pymnts.com Bessemer System Federal Credit Union in Pennsylvania is suing Fiserv Solutions over billing errors, bugs and "baffling" security lapses.
Thu, 02 May 2019 16:21:15 GMT
Fiserv hit with lawsuit from small Pennsylvania credit union - Credit Union Journal
Fiserv hit with lawsuit from small Pennsylvania credit union Credit Union Journal The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services.