The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Our supplier diversity processes have been enhanced. 255 FISERV DRIVE (Street) BROOKFIELD. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. Could Early Warnings bank wallet have a bigger goal? And that should be worth more than zero., He acknowledged the move creates a bunch of opportunity, both on the issuing side and on the merchant side., Get the free daily newsletter read by industry experts. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century. Let Payments Dive's free newsletter keep you informed, straight from your inbox. In this role, Gibbons is responsible for leading the business across the EMEA region, where Fiserv has operations in 13 countries and provides issuing, payments software, merchant acquiring and processing services to financial institutions, Fintechs, enterprise and small- and medium-sized businesses. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. We said when we were doing that, that we would be a different company, Bisignano said. The. Horvath is a graduate of the University of California, San Diego, and earned a masters degree in business administration from the Thunderbird School of Global Management. Naval War College and completed the Program on Leadership for Senior Executives at the JFK School of Government at Harvard University. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: Britt ZarlingCorporate CommunicationsFiserv, Inc.+1 [email protected] Investor Relations: Julie Chariell Investor RelationsFiserv, Inc.+1 [email protected], https://www.businesswire.com/news/home/20221221005599/en/. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Over the course of his career, Wilcox has developed significant expertise with bank and insurance regulatory matters, corporate real estate, intellectual property, procurement, litigation, and mergers and acquisitions. As Chief Marketing Officer for Fiserv, Inc., Leigh Asher leads brand strategy, corporate communications and creative direction worldwide, as well as oversees market research and marketing technology and operations. ET, Presented by studioID and Dun and Bradstreet, Investors press FIS, Fiserv for divestitures, Fiserv hired thousands of workers this year, CEO says, CEOs Sound Off: Payments execs navigate economic turmoil, Synchrony, Bread brace for potential late fee cap impact, Identity verification in the era of digital payments, How Restaurants Can Turbocharge Loyalty Programs with Payment Data. We have clear lines of responsibility from our Board of Directors and the Nominating and Corporate Governance Committee to our Management Committee to our Corporate Social Responsibility Committee, which is responsible for day-to-day management of our CSR agenda and ESG strategy. As Head of Global Business Solutions, Suzan Kereere oversees the companys merchant-focused offerings, including the Clover business management platform and Carat enterprise omnichannel commerce platform. The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, according to a filing with the Securities and Exchange Commission. [email protected] The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century. In 2017, the New York Times reported that his compensation exceeded $100 million. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Franks continued leadership enables us to create further value for our shareholders.. The company serves clients in more than 100 countries, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years. We will generate expanding margins, Bisignano asserted Monday. Global payments provider Fiserv has promoted Frank Bisignano to CEO, the company announced in a press release Thursday (May 7).. Its Board of Directors unanimously elected Bisignano to succeed . Among a number of non-profit commitments, he serves on the boards of the National September 11 Memorial and Museum, the Mount Sinai Health System, and The Battery Conservancy; and is a member of Business Roundtable, a U.S.-based association of CEOs who use public policy to promote a thriving economy and expanded opportunities for Americans. "[4], Hired as CAO of JPMorgan Chase in 2005, CEO Jamie Dimon "trusted him with integrating the banks purchases of a foundering Bear Stearns Cos. and bankrupt Washington Mutual Inc. during the crisis. Prior to joining Fiserv, he was Executive Vice President and Chief Financial Officer of TE Connectivity Ltd., a $12 billion global product technology company. We have a very resilient business model, Bisignano asserted, pointing to services the company provides to restaurants, gas stations and grocery stores, as well as the key services it provides to bank clients. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. The Federal Reserve plans to unleash a U.S. real-time payments systemnext year in the form of FedNow, but its an open question as to whether, or how, consumers and businesses will adoptinstant payments. Bisignano said the financial technology company's new downtown Milwaukee office, which it expects to move into in 2023, will be an innovation center and a destination for Fiserv's clients. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. At TE Connectivity, Hau was responsible for developing and implementing financial strategy, as well as creating the financial infrastructure necessary to drive the companys financial direction, vision and compliance initiatives. He has led product development and technology for three Fortune 500 companies and is recognized as a leader in the technology industry. "Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline. He was appointed Chief Executive Officer of Fiserv in July of 2020. Politics. The company has maintained that it has about 44,000 employees around the world. Chairman, President, & Chief Executive Officer at Fiserv . The company also sold off business units,including its Korea operations and a Costa Rica division. Christopher (Chris) M. Foskett is Chief Revenue Officer at Fiserv, Inc. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. With our robust platform of solutions, leading technology, and the best talent, Fiserv will continue to deliver for our shareholders, clients and associates in a dynamic market.". He also suggested that the reduction was due to some employees exiting because they were unwilling to move to a . At Fiserv, he initially led the companys day-to-day operations as President and Chief Operating Officer before assuming the role of Fiserv Chief Executive Officer in July 2020. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. solution for your business. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. Prior to First Data, Gelb had a distinguished career at Citi, which included nearly two decades in a variety of roles around the globe, including in the United States, Japan, United Kingdom, New Zealand, and Nigeria, among others. Relationship of Reporting Person(s) to Issuer . He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. Omnichannel commerce, billing and payments solutions for large merchants and corporates, All-in-one systems for merchants to accept payments and manage their business, Platforms and integrated digital banking solutions to drive customer relationships and growth, Platforms and integrated digital solutions to better serve members, Digital banking, payments and solutions at scale for largest institutions, Financial and payments solutions and connectivity that enable technology providers to quickly reach consumers and new markets, Payments and financial solutions for government, education and utilities, Corporate information, values and history, Financial information and shareholder services, Our commitment to governance, social responsibility, the environment and giving back, Our commitment to a positive workplace for all associates, Details around our annual client conference, Don't have a Fiserv.com profile? [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. He was previously Executive Vice President, Group General Counsel for Willis Group Holdings, responsible for legal, corporate secretary, compliance, and audit and risk management. Shub Mukherjee - Senior Vice President of Investor Relations. US Treasury to Lead Working Group Looking at Digital Dollar, Worldpay and FIS: the original sin that tore up a $43bn merger, 2023 Economic Insight & Best Practices in Financial Risk Management, Instant Bank Payments: The Promise of a Faster Future. Visit fiserv.com and follow on social media for more information and the latest company news. The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. Investor Relations: Yes, our merchant business will be affected by consumer spending, but recognize that we have a lot of what I would call staple-related products that we have very, very large market share in, Bisignano said, . She is also a participant in the annual FORTUNE Most Powerful Women Summit and was recently named to the Atlanta 500. In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. Yes, our merchant business will be affected by consumer spending, but recognize that we have a lot of what I would call staple-related products that we have very, very large market share in, Bisignano said during a webcast of his appearance. So this is a long-term strategy.. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. This commitment funded our Back2Business program, now in its second year, through which we have already awarded more than 1,400 grants to small, diverse businesses globally and bolstered the entrepreneurial ecosystems that sustain them. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. Prior to joining Fiserv, Horvath served as President, Multinational Clients for ADP, leading a high-growth organization and the transformation of several businesses from legacy systems to cloud and mobile-enabled solutions. [1] Following Fiserv's acquisition of First Data in 2019, Bisignano formally assumed the role of Fiserv CEO in July 2020. The rule clarification requires more than one debit network be available for routing transactions, including online. Kereere leverages her extensive experience leading payments and technology businesses to deliver excellence for clients ranging from small and mid-sized companies to global enterprises. When asked how Fiservwould adapt in the event of an economic downturn, Bisignano, speaking Monday at Citis 2022 FinTech Conference in New York, touted the resilience and durability of the companys business. Britt ZarlingCorporate Communications CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. He spent 18 years at Citigroup in a number of key executive roles, including Global Head of Mergers and Acquisitions; Head of Global Sales for Transaction Services; and Global Head of the Financial Institutions Group in the Corporate Bank. As CFO of First Data, Patel was a key leader in the turnaround of the company. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. Brookfield, Wisconsin-based Fiserv has shed workersthis year while grappling with profit margin pressure. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Cons. In November 2022, Fiservs board adopted an executive severance policyresembling a prior shareholder proposal that had won shareholder approval earlier last year. Chiarello has been at the forefront of banking, technology, and innovation for more than 30 years. Chiarello has been recognized multiple times by Institutional Investor magazine among its Top Tech 50 and by Information Week as a Global CIO Top 50, was a NASSCOM CIO of the Year and is considered a key advisor by many leading Silicon Valley companies and technology CEOs in the industry. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. The new contract also includes a variety of governance enhancements to more closely align with market standards. We facilitated 20 billion eCommerce transactions, Our people donated their time and nearly $1 million, supporting more than 2,000 causes during the year, We increased our commitment to helping small, minority-owned businesses in their recovery, Our business enables over 6 million merchant locations and over 10,000 financial institutions every year. He also led all of the JPMCs military and veterans initiatives. Looking ahead, we are well-positioned to help our clients accelerate their business strategies and drive outcomes, and we are committed to earning their trust every day. Previously, he served as EVP & CHRO at The Guardian Life Insurance Company, and general manager of global HR and CHRO at Bank of Tokyo-Mitsubishi UFJ, one of the largest bank holding companies in the world, where he was the first American appointed to an office in Japan in BTMUs 130-year history. BROOKFIELD, Wis. -- (BUSINESS WIRE)--Dec. 21, 2022-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027. Throughout 2021, we continued to enhance our award-winning people platform with programs that support our associates overall health and well-being, including vaccination drives around the world. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc.