In 2017, the New York Times reported that his compensation exceeded $100 million. 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. , The free newsletter covering the top industry headlines, Payoneer Survey Shows that UK-based and European Businesses Find Cross-Border Payments Challen, By signing up to receive our newsletter, you agree to our, Ilya S. Savenok / Stringer via Getty Images. Prior to being named Chief Risk Officer she served as Chief Audit Executive at Fiserv, and held the same position at First Data prior to its combination with Fiserv in 2019. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. 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. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. In this role, he brings more than 25 years of global banking and financial technology experience to Fiserv and is responsible for the growth of the company in the Asia Pacific region. The. The company serves clients in more than 100 countries, is one of Fortune Worlds Most Admired Companies, and was named among the Worlds Most Innovative Companies by Fast Company in 2021 and 2022. She also served as a liaison to the Federal Financial Institutions Examination Council (FFIEC). 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. 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. watch now. Yes, we did announce that we were going to relocate people, we were going to have synergies. Tom attended the U.S. Still,its share of workers outside the U.S. has grown in recent years as its overall count has stayed the same, based on regulatory filings from 2019, 2020 and 2021. He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs. 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. Asher joined Fiserv in 2007 as part of its acquisition of CheckFree Corporation. Bisignano joined Fiserv in 2019 as its president and chief operating officer through Fiserv's $22 billion all-stock acquisition of New York City-based First Data Corp., of which Bisignano. We said when we were doing that, that we would be a different company, Bisignano said. Fiserv, Inc. (NASDAQ:FISV) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ETCompany Participants. The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, with the Securities and Exchange Commission. He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. Fiserv actually ended up shaving $1.2 billion in half that time, and, We said when we were doing that, that we would be a different company,, Yes, we did announce that we were going to relocate people, we were going to have synergies. When asked how Fiservwould adapt in the event of an economic downturn, Bisignano, speaking Monday at Citis 2022 FinTech Conference in New York, touted the resilience and durability of the companys business. Previously, Patel was Head of Card Services at Fiserv, a role he held starting with the transformative combination of Fiserv and First Data in 2019. Fiserv Inc. has entered into a new contract with its chairman, president and CEO Frank Bisignano that increases his base salary by $80,000, according to a document filed Thursday with the U.S . He joined Fiserv in July 2021. So this is a long-term strategy.. Frank Bisignano . New contract extends term through 2027 and enhances governance features. In this role, Patel 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. At TE Connectivity, Hau was responsible for developing and implementing financial strategy, as well as creating the financial infrastructure necessary to drive the companys financial direction, vision and compliance initiatives. He was appointed Chief Executive Officer of Fiserv in July of 2020. Frank Bisignano. Asher plays a key role in shaping the companys workplace experience and led the design of its flagship office in Alpharetta, Ga., which has served as a model for other Fiserv locations worldwide. Remarks: /s/ Eric C. Nelson (attorney-in-fact) Neil H. Wilcox is Head of Corporate Social Responsibility at Fiserv, Inc., leading the companys focus on corporate citizenship and social responsibility, including strategies to build upon its success in community and non-profit engagement, diversity and inclusion, and global philanthropy and volunteerism. This year, Fiservexpense management has included cutting employees and selling off business units. He was previously Executive Vice President, Group General Counsel for Willis Group Holdings, responsible for legal, corporate secretary, compliance, and audit and risk management. 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 has previously served on numerous prestigious boards, including TAESA, Santander Asset Management UK, the Brazilian Federation of Banks (FEBRABAN) and International Advisory Board of Thomson Reuters. Ivo Distelbrink is Head of Asia Pacific at Fiserv, Inc. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. 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, Webinar UPDATE: Feb. 8, 2022: Fiserv CEO Frank Bisignano touted the Finxact acquisition during Tuesday's fourth-quarter earnings call, saying the move accelerates Fiserv's momentum and will enable "clients to quickly deploy modular banking services including deposits, loans, cards, as well as launch new banking solutions including a digital bank, Bisignano . With a deep commitment to clients and a proven track record of execution, Frank has been a driving force in the growth and global technology leadership at Fiserv, Doyle Simons, the companys lead director, said in a Dec. 21 press release regarding the new contract. Fiserv is a member of the S&P 500 Index, the FORTUNE 500, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years and named among the Worlds Most Innovative Companies by Fast Company for two consecutive years. Prior to joining Fiserv, Marin was Chief Executive Officer of Citibank for Brazil, Argentina, Uruguay and Paraguay. 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 p.m. The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. Fiserv hired "thousands" of employees globally this year, even as others . And I think our banking set of operating systems are of mission-critical nature for our financial institutions., He explained how the company has had to target cost control in the past, particularly after its 2019, . 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. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century. Our global business serves clients in more than 100 countries, and enables more than 10,000 financial institutions and more than 6 million merchant locations every year. Bisignano joined Fiserv through the companys 2019 acquisition of First Data, where he served as CEO at the time of the merger. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. Prior to joining First Data, he served on the Executive Committee and was the Head of Operational Control at JPMorgan Chase & Co. Horvath is a graduate of the University of California, San Diego, and earned a masters degree in business administration from the Thunderbird School of Global Management. 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. Previously, Gelb was Executive Vice President at First Data Corporation since 2014. 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. When asked how Fiservwould adapt in the event of an economic downturn, Bisignano, speaking Monday at Citis 2022 FinTech Conference in New York, touted the resilience and durability of the companys business. Looking ahead, we are well-positioned to help our clients accelerate their business strategies and drive outcomes, and we are committed to earning their trust every day. ET, Presented by studioID and Dun and Bradstreet, Fiserv divestiture hints at strategy shift, Fiserv sheds Korea unit, plans move to Milwaukee, FedNow chases real-time payments front-runners, Synchrony, Bread brace for potential late fee cap impact, Identity verification in the era of digital payments, How Restaurants Can Turbocharge Loyalty Programs with Payment Data. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. We have a very resilient business model, Bisignano asserted, pointing to services the company provides to restaurants, gas stations and grocery stores, as well as the key services it provides to bank clients. 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. Most recently, Chiarello served as Chief Administrative Officer at Fiserv, overseeing the companys technology and operations. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. And I think our banking set of operating systems are of mission-critical nature for our financial institutions., The company has invested more in recent years and could slow the pace of investments if needed, Bisignano noted. "[7][8][9], In 2013 Bisignano became Chairman and CEO of First Data Corporation,[2][10] and his tenure attracted a fair amount of coverage in the press. 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. Still, he doesnt expect those headwinds to be worse than the low point of the pandemic and what happened in a shutdown of the economy. At that time, the company was still able to grow its earnings per share by double digits, he said. Held by the Frank J. Bisignano 2022 Grantor Retained Annuity Trust. The rule clarification requires more than one debit network be available for routing transactions, including online. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. For the second consecutive year, Fiserv has been designated a Best Place to Work for LGBTQ+ Equality in the Human Rights Campaign Foundations 2022 Corporate Equality Index, which benchmarks corporate policies, practices and benefits pertinent to LGBTQ+ employees. [22], Last edited on 23 February 2023, at 11:05, "Frank Bisignano Chairman and Chief Executive Officer", "JPMorgan Co-COO Bisignano Departs to Run First Data", "KKR Banks on Bisignano Forging Apple Deal at First Data", "First Data's new CEO Frank Bisignano faces debt burden, needs growth", "Top Lieutenant of Dimon Is Departing JPMorgan", "First Data Names Frank Bisignano Chief Executive Officer", "KKR seeks to make the numbers work at First Data", "First Data Reports First Quarterly Profit in More Than Seven Years", "First Data's new CEO focused on innovation", "Frank J. Bisignano President and Chief Executive Officer", "Peter Thiel's data-mining company is using War on Terror tools to track American citizens. Frank Bisignano, Fiserv CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings beat, the company's future outlook and more. 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. 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). CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. | 1 p.m. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. The company serves clients in more than 100 countries, is one of Fortune Worlds Most Admired Companies, and was named among the Worlds Most Innovative Companies by Fast Company in 2021 and 2022. 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 is a philanthropic leader who has been recognized by numerous organizations for his charitable efforts. As Head of Global Business Solutions, Suzan Kereere oversees the companys merchant-focused offerings, including the Clover business management platform and Carat enterprise omnichannel commerce platform. As the operating system for commerce and money movement across our global client base of businesses, banks, credit unions large and small and fintechs, were helping our clients grow by extending our platform to capture new services and new money flows; and doing so in a way that respects our environment, supports and fosters equitable communities, and uses the power of data in a responsible manner. The company serves clients in more than 100 countries, is one of Fortune World's Most Admired Companies . ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. Yes, our merchant business will be affected by consumer spending, but recognize that we have a lot of what I would call staple-related products that we have very, very large market share in, Bisignano said during a webcast of his appearance. The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, according to a filing with the Securities and Exchange Commission. He has donated hundreds of thousands of dollars towards Republican campaigns, including a . Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. New contract extends term through 2027 and enhances governance features. Chairman, President and Chief Executive Officer. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. 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. Cave has also declined to specify the number of employees that have been cut this year, other than to say Fiserv has made staffing adjustments that affect a small percentage of its global workforce. He is also responsible for managing day-to-day operations and implementing the companys strategic plan. The company has maintained that it has about 44,000 employees around the world. Horvath, who joined Fiserv in 2017 as Executive Vice President and President, Bank Solutions, is an accomplished business professional with over 20 years of international management experience in enterprise and cloud technologies. Fiserv is a leading provider in these primary businesses and markets in EMEA, including the U.K., Ireland, Germany, Netherlands, Poland and the Middle East region. Chairman, President, & Chief Executive Officer at Fiserv . He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Sebby has more than 20 years of risk management experience. Hau has nearly 30 years of experience in business and financial leadership roles. Its very normal in a merger to be recruiting, while also consolidating,, Webinar Gibbons joined the company in December 2018 from Deutsche Bank, where he led Global Transaction Banking. He spent 18 years at Citigroup in a number of key executive roles, including Global Head of Mergers and Acquisitions; Head of Global Sales for Transaction Services; and Global Head of the Financial Institutions Group in the Corporate Bank.

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