We know our levers and how to manage the expense line, and weve managed it through this whole merger in order tobe prepared for tough times, too, Bisignano said. His HR career also includes roles at two "academy" companies long known for human resources best practices, Honeywell International (formerly AlliedSignal) and Pepsi. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Bisignano said the financial technology company's new downtown Milwaukee office, which it expects to move into in 2023, will be an innovation center and a destination for Fiserv's clients. 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. 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. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. 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. When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. Tue, Jul 27 2021 11:25 AM EDT. Gibbons joined the company in December 2018 from Deutsche Bank, where he led Global Transaction Banking. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. Ivo Distelbrink is Head of Asia Pacific at Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. 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. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. Google Maps. Within Fiserv, Foskett is executive sponsor of our Thrive Disability Leadership Council Employee Resource Group. With our robust platform of solutions, leading technology, and the best talent, Fiserv will continue to deliver for our shareholders, clients and associates in a dynamic market.. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. Bisignano also was asked about the impact of a new Federal Reserve debit ruleaimed at increasing competition in the industry. Fiserv, Inc.+1 212-515-0278 He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. , 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, Eugene Gologursky / Stringer via Getty Images. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Payments giant Fiserv Inc <FISV.O> said Thursday that Frank Bisignano would become the company's chief executive on July 1, with long-time head Jeffery Yabuki remaining on as executive chairman . Foskett chairs the Board of Directors for Allied Irish Bank Merchant Services. Guy Chiarello is Chief Operating Officer at Fiserv, Inc., overseeing the companys technology and operations with a focus on elevating the client experience, creating a high-performance workplace and supporting the companys future growth. ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. "[5] Bisignano was also a primary negotiator in JPMorgan's acquisition of the Canary Wharf property in London,[6] and CEO for several of JPMorgan's mortgage banking divisions. 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 global pandemic and its continued effects, ongoing social challenges and a heartbreaking conflict in Ukraine all of this and more inform what we believe is expected from us that we must listen and act, driving innovation, corporate citizenship and environmental stewardship to create sustainable, positive outcomes for our stakeholders and our world. Investor Relations: 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. He is the driving force behind the companys Military and Veterans Affairs function which focuses on the employment of military members, their spouses and veterans who have sacrificed much to serve their country. 03:44. In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. BROOKFIELD, Wis.--(BUSINESS WIRE)--Dec. 21, 2022-- The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Let Payments Dive's free newsletter keep you informed, straight from your inbox. The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs. He also led all of the JPMCs military and veterans initiatives. As CFO of First Data, Patel was a key leader in the turnaround of the company. Bisignano will also continue to serve as Chairman of the Board. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. Asher joined Fiserv in 2007 as part of its acquisition of CheckFree Corporation. He serves on the boards of the Minority Corporate Counsel Association and New York's Hale House Center, and is a member of the Executive Leadership Council. "Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline. Our ESG performance is a critical component to earning and keeping that trust. Investor Relations The company serves clients in more than 100 countries, is one of Fortune World's Most Admired Companies . Get the free daily newsletter read by industry experts, The e-commerce juggernaut said its offeringa new digital wallet service toits sellersand planning to roll it out more broadly over the next few months.. | 1 p.m. Our supplier diversity processes have been enhanced. 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. In this role, he drives revenue growth and client retention and satisfaction through the integration and alignment of revenue-related functions across the organization based on a client-first mindset. We expanded our Scope 3 GHG emissions reporting to include categories beyond business travel. WI 53045 (City) (State) (Zip) 2. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. 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. Gustavo Marin is Head of Latin America at Fiserv, Inc., where he is responsible for the growth of the company in the Latin American region. As part of this commitment to transparency, this CSR report is aligned with the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) reporting 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. 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 Dec 22, 2022 11:02 am. 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. "Mad Money" host Jim Cramer interviewed Fiserv President and CEO Frank Bisignano on Thursday's episode of the show. Bisignano . . It's possible Fiserv is making a lot of tech-focused hires now that its Berkeley Heights facility is officially open, while simultaneously cutting people from the parts of the business that have become lower priority, such as parts of the merchant acceptance segment that arent tied to commerce platforms Clover or Carat, said Autonomous Research Analyst Ken Suchoski. 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. Our commitment to being good stewards of our environment continued. 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. The company serves clients in more than 100 countries, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. 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. Sebby has more than 20 years of risk management experience. 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. Over the course of his career, Wilcox has developed significant expertise with bank and insurance regulatory matters, corporate real estate, intellectual property, procurement, litigation, and mergers and acquisitions. Kereere is a champion for, and sought-after authority on, equity in the corporate space, and has driven leading-edge work to bring analytics to the forefront in the discussion on race and inclusion. solution for your business. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. Chiarello has been at the forefront of banking, technology, and innovation for more than 30 years. Some analysts who follow the company have predicted Fiserv executives will cut costs if needed to achieve earnings-per-share growth. Throughout his career, Marino has been a champion of diversity and inclusion efforts. We said when we were doing that, that we would be a different company, Bisignano said. Bisignanos annual compensation target had previously been between $10 million and $15 million, according to the 2022 proxy filing. Previously, he was the Chief Information Officer (CIO) at JPMorgan Chase & Co., where he led global technology across all lines of business in more than 60 countries. Held by the Frank J. Bisignano 2022 Grantor Retained Annuity Trust. 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. Fiserv hired "thousands" of employees globally this year, even as others . 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. But even as Fiserv made cuts,the company hired thousands of workers last year, Bisignano told Payments Dive during a recent interview. From the transformative power of intelligent technology we are delivering and its impact on the way people live and work, and the way money and information move, to the people-centered programs we are driving that are helping to address todays pressing issues, we are focused on creating impact through our actions to benefit our clients, associates and shareholders. 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. 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. Fiserv actually ended up shaving $1.2 billion in half that time, and stopped counting synergies at the end of last year when we hit the $1.2B number, Cave said in an email. US Treasury to Lead Working Group Looking at Digital Dollar, Worldpay and FIS: the original sin that tore up a $43bn merger, 2023 Economic Insight & Best Practices in Financial Risk Management, Instant Bank Payments: The Promise of a Faster Future. Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. Frank J. Bisignano (born August 9, 1959) . Still. 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. For the first time since the merger of Fiserv and First Data, Fiserv provided data about its environmental impact through the Carbon Disclosure Project. Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline., Bisignano said, I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. He is a U.S. Navy veteran and serves on a number of charitable boards to include the CIA Officers Memorial Foundation, OSS Society, Business Executives for National Security, the Intrepid Sea, Air and Space Museum, USO of Greater New York, Meridian International Center, Wilson Center, and the Tug McGraw Foundation. 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. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. "[4], Hired as CAO of JPMorgan Chase in 2005, CEO Jamie Dimon "trusted him with integrating the banks purchases of a foundering Bear Stearns Cos. and bankrupt Washington Mutual Inc. during the crisis. Her background also includes leadership roles at American Express, including head of U.S. National Merchant Business and head of Global Network Business. We continue to refine and improve the way we operate. Marino received his bachelors degree in business administration from Ohio University and is Six Sigma Black Belt. Phil Murphy and Fiserv CEO Frank Bisignano will hold a ceremony Thursday morning in Berkeley Heights, welcoming the company and approximately 2,000 new high-paying, high-tech jobs to the state. 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. So were going to talk to our clients, both on the issuing side and merchant side, and do exactly what they want. The company, like others in payments, is grappling with inflation and currency volatility, and those stressors are squeezing Fiservs profit margins. 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. She is responsible for the Fiserv portfolio of client engagement platforms, such as the companys annual Forum client conference, and was instrumental in establishing a multi-year naming rights agreement for Fiserv Forum, a state-of-the-art sports and entertainment venue in Milwaukee. Fiserv has promised to create and retain about 3,000 jobs at that location in exchange for $109.2 million in state tax credits over seven years. Throughout 2021, we continued to enhance our award-winning people platform with programs that support our associates overall health and well-being, including vaccination drives around the world. Franks continued leadership enables us to create further value for our shareholders.. Politics. Let Payments Dive's free newsletter keep you informed, straight from your inbox. 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. Even as the payments and fintech company cut employees this year, it's hired thousands of workers, Fiserv CEO Frank Bisignano said during a Friday interview. 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. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. The rule clarification requires more than one debit network be available for routing transactions, including online. Even as the payments and fintech company cut employees this year, its hired thousands of workers,Fiserv CEO Frank Bisignano said during a Friday interview. [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. BisignanoFirst Data CorpFiserv220 Fiserv Yabuk"First DataFrank Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. 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.