) recently launched its latest product named Mobile ID Healthcare
Cards. Now, with the help of the new product, the insurance
companies will be able to provide easier and more secure access of
account information to its clients.
Fiserv's Mobile ID Healthcare Cards is now accessible through
smartphone, iPhone, iPad and Android devices. Several other
services such as View Card, Email Card, Fax Card and Order Card
shall also be rendered by Fiserv's new services platform.
As per the Global Mobile Health Market Report 2010 - 2015, the
high usage of smarphone applications will immensely encourage the
mHealth industry to grow. Moreover, it is expected that out of 1.4
billion smartphone users, the coverage of the industry will reach
500 million in 2015. Furthermore, insurance companies are likely to
gain from Fiserv's superior services through increased demand in
Fiserv's integrated, wide-ranging suite of products will boost
its growth going forward. The company's adjusted revenues
(excluding output solutions postage reimbursements) amounted to
$1.03 billion, rising 2.6% year over year but remaining flat
sequentially. Revenue growth across the company's debit, account
processing and lending businesses was the primary cause for the
annual rise in adjusted revenues for the quarter. For the full year
2012, management projects an annual adjusted revenue growth of 4% -
6% and adjusted internal revenue growth of 3.0% - 4.5%.
However, it is always wise for Fiserv to be extra cautious of
competitive strides in the industry. Formidable players to take
note of in this regard include
Fidelity National Information Services, Inc.
Total System Services, Inc.
). Moreover, Fiserv faces an ongoing threat from billers and
self-sufficient financial institutions that develop and use their
own electronic payment transactions and Internet banking
The current Zacks Consensus Estimates for Fiserv are $1.27 and
$5.18 for the third quarter of 2012 and for 2012, respectively. The
estimates represent a year-over-year growth of 9.82% for the third
quarter and 13.06% for 2012. We currently have a long-term
recommendation of 'Neutral' for Fiserv. The stock also bears a
Zacks #3 Rank, which translates into a short-term rating of
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis Report
TOTAL SYS SVC (TSS): Free Stock Analysis Report
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