Fiserv Stock (FISV) Is Trending Overnight: Here's Why

Fiserv, Inc. (NASDAQ: FISV ) shares are trending overnight after a Reuters report said the payments technology company is exploring the sale of its STAR debit card network. 05%. 66.

Fiserv is a financial technology company that provides payment processing, digital banking, merchant acquiring and account processing solutions to financial institutions and businesses. S. banks, including JPMorgan Chase & Co. (NYSE: JPM ), Bank of America Corp.

(NYSE: BAC ), Wells Fargo & Company (NYSE: WFC ) and Principal Financial Group Inc (NASDAQ: PFG ), about a potential sale of its STAR Network business. Reuters, citing a source familiar with the matter, said no deal is certain and the discussions could still fall apart. Read Also: Can Fed Chair Kevin Warsh Ease the Squeeze? Small-Cap Debt Costs Hit 6-Year High Potential STAR Network Sale In Focus The STAR Network provides infrastructure that routes debit, ATM, e-commerce and other payment transactions between banks, merchants and consumers.

The network serves more than 115 million debit cardholders through over 2,800 financial institutions. The report said a potential divestiture comes as Fiserv pursues a turnaround plan following a difficult year marked by a sharp decline in market value and leadership changes. 4% year over year, supported by higher average transaction values and a rebound in retail spending. The report also pointed to stabilizing consumer activity despite persistent inflation.

61 billion. 04. 12%. Edge Stock Rankings indicate negative short-, medium- and long-term price trends.

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