) recently declared its conflation with TOPS Software. With this
venture, the company will be able to enhance the operational
efficacy of its entire payment process needed for property
Moreover, the company's customers can easily integrate
homeowner data through deploying RemitStream Exception Handling
property management solution and TOPS Condo/HOA management
software services. Now, with this alliance the company is
considered as a TOPS Authorized Integration Partner.
In association with TOPS, Fiserv will be engaged in designing
advanced files, which will be mainly utilized to minimize the
manual handling exceptions for various property managers. The
company's clients can now easily access these files through
deploying TOPS' Professional accounting software.
Management stated that wrong or missing information relating
to payments may prove to be highly expensive for property
management and HOA customers. The adoption of TOPS' solution will
surely mitigate such problems and it would make the entire
handling process less difficult.
Various strategic contract wins hold future pledge for Fiserv.
The company confirmed winning a bunch of contracts from various
financial institutions during 2012. Recently, Fiserv declared
that its sales automation and management service platform, EnAct
has been adopted by Central Bancshares. The company will be
engaged in optimizing the entire operational procedure through
offering the latest business strategy, besides managing customer
relationship system of Central Bancshares.
However, the company's financial segment faces tough
competition from various big companies including Mastercard
Fidelity National Information Services, Inc.
). Mastercard recently entered into an agreement with C-SAM.
Hence, the company has to be extra cautious of its peers'
competitive strides in the industry.
The current Zacks Consensus Estimates for Fiserv, Inc. are
$1.42 and $5.17 for the fourth quarter of 2012 and for 2012,
respectively. The estimate for fourth quarter is a year-over-year
growth of 12.1% and 12.9% for 2012. We currently have a long-term
Neutral recommendation for Fiserv. The stock carries a Zacks #3
Rank, which translates into a short-term Hold rating.
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis
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