), a leader in global financial services technology, appointed
Dennis F. Lynch to its Board of Directors.
Currently, the Chairman of the Board at Cardtronics, Lynch has
contributed to the U.S. payments industry for the last 30 years.
His efforts paid off well leading to increased adoption of card and
payment solutions that have improved how consumers conduct
Meanwhile, Lynch is also a Director and former Chairman of the
Secure Remote Payments Council, which aids in the acceleration of
the growth, development, and market adoption of more secure
ecommerce and mobile payments.
Previously, Lynch was the Chairman and Chief Executive Officer
of RightPath Payments Inc. from 2005 to 2008. Between 1996 and
2004, Lynch was the President and Chief Executive Officer of NYCE
In addition, Lynch served the Board of Directors of Open
Solutions Inc. from 2005 to 2007. Lynch was also the founder
director of the New England-wide Yankee 24 ATM Network, serving as
Chairman from 1988 to 1990.
Fiserv assists financial institutions and health plan
administrators in managing their information systems so that they
can efficiently deliver services to their customers. The company
provides financial services technology solutions, including
electronic commerce systems and services, such as transaction
processing, electronic bill payment and presentment, business
process outsourcing, document distribution services, and software
and systems solutions.
Earlier, Fiserv posted impressive results during its first
quarter of 2012. The company earned a number of contract and made
proactive advances with a few partnership agreements.
However, earnings estimates have been static in the last sixty
days. At this point, we consider it wise to be on the sidelines on
the company's stock and hence maintain our Neutral
Our Neutral recommendation is supported by a Zacks #3 Rank,
which translates into a short-term rating of Hold.
FISERV INC (FISV): Free Stock Analysis Report
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