by winston » Wed Jan 22, 2020 9:03 pm
not vested
THIS 'FINTECH' GIANT IS THRIVING ON MOBILE PAYMENTS
Today, we highlight a company that's growing its reach in the mobile-payments boom...
Sending money online or with your smartphone is much more convenient – and more secure, too.
Today's company is perfectly positioned to benefit as more institutions get on board this trend...
Fiserv (FISV) is an $82 billion "fintech" giant. It works with banks, brokers, credit unions, retailers, and more... providing them with the technology for their mobile-banking apps and online payments.
Ensuring that money can be transferred safely online is big business today...
In the latest quarter, Fiserv reported revenue of over $3 billion – more than double the same quarter last year. The big jump was due to Fiserv's acquisition of transaction-processing company First Data last year.
As you can see in today's chart, shares of FISV soared in 2019. The stock is up 55% over the past year, recently hitting an all-time high.
As long as people continue to use digital and mobile payments, this company should continue to succeed...
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"