Monday, August 3, 2009

Fiserv Celebrates 25 Years In Financial Services, Processing

“Fiserv Inc. celebrates its 25th year of business today. The company was created in 1984, when Tampa, Fla.-based Sunshine State Systems Inc. and Milwaukee-based First Data Processing combined to form Fiserv, the first national financial-services company. The regional data processors combined to serve small banks and thrifts, growing organically and through more than 150 acquisitions from a $21 million business with 350 employees in 1984 to a $4.7 billion Fortune 500 company with 20,000 employees and the No. 1 ranking on the FinTech 100 list of technology partners serving the financial-services industry. George Dalton, Fiserv's co-founder and former chairman and chief executive, says the idea to create a data-processing company for regional FIs turned out to be a good one: ‘We had a great idea — to focus on data processing for banks and build from our foundation of regional operations to create a nationwide enterprise. Now, 25 years later, Fiserv is a global powerhouse, far exceeding anyone's expectations.’”

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