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Examples
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TD Ameritrade Holdings Inc. also is being targeted in the lawsuit after it bought a piece of Fiserv's investment unit.
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A version of the suit filed on Thursday claims that investment consultant Rogerscasey LLC, which subadvised Fiserv's retirement funds, issued several warnings about Madoff.
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But that multiple doesn't reflect expectations that Fiserv's earnings will rise almost 19% in 2009, owing, in part, to economies achieved in the CheckFree purchase.
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As George Dalton, Fiserv's founder and former CEO, says: "No matter how troubled the bank may be, its customers still have to write checks, make payments and pay mortgages."
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And Fiserv's most recent purchase, of CheckFree for $4.4 billion, gives it entree into the electronic bank payments business.
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Fiserv spokeswoman Melanie Tolley said the intrusion didn't happen on Fiserv's servers.
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Solidifying Core Fiserv's chief executive, 48-year-old Jeff Yabuki, has taken steps to solidify and refocus Fiserv's core financial-services business.
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Should home values meet Fiserv's expectations, it would make it the third and lowest trough for home prices since the housing bubble burst.
CNN.com 2011
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On January 3, we announced the addition of Mark Ernst as Fiserv's new Chief Operating Officer.
unknown title 2011
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We believe these innovative concepts provide an opportunity to increase Fiserv's differentiation and boost revenue and earnings for our clients.
unknown title 2011
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