Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. As Head of General Services at Fiserv Inc., Tom Higgins is responsible for Global Real Estate, Global Sourcing, Cyber Security, Physical Security and Investigations, Enterprise Business Continuity, Crisis Management, and Aviation. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud- based point-of-sale and business management platform. Chairman, President and Chief Executive Officer. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. BROOKFIELD, Wis. -- (BUSINESS WIRE)--Dec. 21, 2022-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. With more than 30 years of brand building, corporate communications and technology marketing experience, her background includes roles at Per-Se Technologies (now part of McKesson) and Dun & Bradstreet Software. Fiserv Spokesperson Ann Cave declined to share a more specific figure, but said thousands encompasses hiring across all geographies where Fiserv has a presence and represents all areas of the business. Some hiring has been for new roles,while in other situations, the company replaced employees who left, she said. This year, Fiservexpense management has included cutting employees and selling off business units. Prior to this, Patel served as EVP and Chief Financial Officer at First Data beginning 2015, and as EVP of Strategy, Planning, and Business Development beginning in 2013. Politics. On Thursday, March 2, Frank Bisignano, Chairman, President, and Chief Executive Officer, will present at the Evercore ISI Payments & Fintech Innovators Forum, at 2:00 . Marino is a seasoned HR executive with an outstanding background in financial services. Prior to joining Fiserv, Wilcox served as interim General Counsel and Chief Legal Officer at USAA, providing strategic counsel and legal advice to the CEO, Board of Directors and Executive Council. Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. Before joining First Data, Bisignano served as Co-Chief Operating Officer and Chief Executive Officer of Mortgage Banking at JPMorgan Chase & Co. With more than 30 years of executive leadership experience in banks and global financial institutions, Bisignano also served in multiple leadership positions at Citigroup, including Chief Administrative Officer and Chief Executive Officer of the companys Global Transaction Services unit. His previous contract, which was signed in 2019 and has been amended since then, had an initial term through July 2025, the companys proxy filing said. Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Fiserv hired thousandsof employees globally this year, even as others were cut from the payments technology company because they were unwilling to relocate, the company's CEO said in an interview with Payments Dive. In this role, Horvath is jointly responsible for enabling the success of Fiserv financial institution and fintech clients through the development and delivery of innovative card payment, debit network, digital payment, bill payment, data aggregation, digital banking and account processing solutions. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. watch now. Bisignano also was asked about the impact of a new Federal Reserve debit ruleaimed at increasing competition in the industry. During his career, Rosman also has served as Senior Vice President and Associate General Counsel at Cablevision Systems Corporation in Bethpage, NY and as a partner at the Washington D.C.-based law firm of Zuckerman Spaeder LLP, where he advised public companies and senior executives on a range of topics, including Sarbanes-Oxley. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. Let Payments Dive's free newsletter keep you informed, straight from your inbox. For the first time since the merger of Fiserv and First Data, Fiserv provided data about its environmental impact through the Carbon Disclosure Project. Joanne Sebby is Chief Risk Officer at Fiserv, Inc., overseeing the strategic development and execution of the companys enterprise and operational risk management programs in partnership with the companys business leaders. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. Under that policy, when the company enters into a new employment, severance or separation agreement with an executive officer that provides cash benefits exceeding 2.99 times the sum of the salary and target bonus, the company will include an advisory vote on that severance arrangement at its next annual shareholders meeting, according to a filing with the SEC. Frank Bisignano President and Chief Executive Officer Meet our leadership team The way money moves Fiserv enables money movement for thousands of financial institutions and millions of people and businesses - for a world that never powers down Nearly 6M merchant locations globally 1.4B global accounts on file 12,000 financial transactions Relationship of Reporting Person(s) to Issuer . Based in New York City, Bisignano started his career as VP of both Shearson Lehman Brothers and First Fidelity Bank. His career spanned 24 years in the National Security and Foreign policy areas. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. BROOKFIELD, Wis.--(BUSINESS WIRE)--Feb. 27, 2023-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences. Tue, Jul 27 2021 11:25 AM EDT. The rule clarification requires more than one debit network be available for routing transactions, including online. Previously, Hau served as Chief Financial Officer for Lennox International Inc. Hau also spent 22 years at Honeywell International Inc. in a variety of progressive financial and operations leadership roles, including serving as Chief Financial Officer of its Aerospace Business Group, Specialty Materials Business Group and Aerospace Electronic Systems Unit. At Fiserv, he initially led the companys day-to-day operations as President and Chief Operating Officer before assuming the role of Fiserv Chief Executive Officer in July 2020. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. [18], Bisignano is consistently rated as one of the highest-paid CEOs in the United States. Kereere serves as a non-executive Director on the board of Grange Insurance Company and has previously served on the boards of the National Retail Federation Foundation and the American Red Cross (New York). Kereere leverages her extensive experience leading payments and technology businesses to deliver excellence for clients ranging from small and mid-sized companies to global enterprises. The company serves clients in more than 100 countries, and in 2021 was recognized among . He oversees sustainability commitments for the organization and helps govern and measure the impact of these initiatives and their value to the business and key stakeholders. At the end of the new agreements five-year period, the employment agreement automatically renews for one-year terms unless either Bisignano or the company seeks to terminate it, according to the contract attached to the filing. The Federal Reserve plans to unleash a U.S. real-time payments systemnext year in the form of FedNow, but its an open question as to whether, or how, consumers and businesses will adoptinstant payments. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. Bisignano has been Fiservs CEO since July 2020, succeeding previous CEO Jeff Yabuki. Before joining First Data, Bisignano served as Co-Chief Operating Officer and Chief Executive Officer of Mortgage Banking at JPMorgan Chase & Co. With more than 30 years of executive leadership experience in banks and global financial institutions, Bisignano also served in multiple leadership positions at Citigroup, including Chief Administrative Officer and Chief Executive Officer of the companys Global Transaction Services unit. this year while grappling with profit margin pressure. At the end of the new agreements five-year period, the employment agreement automatically renews for one-year terms unless either Bisignano or the company seeks to terminate it, according to the contract attached to the filing. The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. The new contract also includes a variety of governance enhancements to more closely align with market standards. . Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. Our ESG performance is a critical component to earning and keeping that trust. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. Want to share a company announcement with your peers? We will generate expanding margins, Bisignano asserted Monday. Among a number of non-profit commitments, he serves on the boards of the National September 11 Memorial and Museum, the Mount Sinai Health System, and The Battery Conservancy; and is a member of Business Roundtable, a U.S.-based association of CEOs who use public policy to promote a thriving economy and expanded opportunities for Americans.
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