We facilitated 20 billion eCommerce transactions, Our people donated their time and nearly $1 million, supporting more than 2,000 causes during the year, We increased our commitment to helping small, minority-owned businesses in their recovery, Our business enables over 6 million merchant locations and over 10,000 financial institutions every year. 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. 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. Previously, his base salary was $1.32 million, according to the companys 2022 proxy filing. BROOKFIELD, Wis.--(BUSINESS WIRE)--Dec. 21, 2022-- (RTTNews) - Fiserv, Inc. (FISV), a payments and financial services technology provider, said on Thursday that it has elected its CEO Frank Bisignano as the new Chairman to succeed Denis O'Leary . Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. Fiserv CEO Frank Bisignano said this week the payments processing giant is equipped to manage "tough times.". 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. In 2017, the New York Times reported that his compensation exceeded $100 million. We dont need to deviate from our strategy, Bisignano said. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. We consolidated our data center footprint as well as redundant office locations. "[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. 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. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. 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. When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignanosaid the company knows what levers to pull to manage the expense line., Fiserv CEO Frank Bisignano said this week the payments processing giant is equipped to manage tough times.. The company also sold off business units,including its Korea operations and a Costa Rica division. 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. Consumer spending remains strong, and Fiservs bank and merchant customers continue to show consistent demand for digital products, the CEO said, noting about 85% of the companys revenue is recurring in nature. He also led all of the JPMCs military and veterans initiatives. Conversations with our clients, our partners and our people move rapidly from idea and what if to the accomplishment of what is. We approach the future with a sense of optimism tempered by the realities of our world today. I think its about investment strategy in our business, he said. We said when we were doing that, that we would be a different company, Bisignano said. 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, . Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. He is also a member of the Board of Directors for BlueVoyant. 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. Let Payments Dive's free newsletter keep you informed, straight from your inbox. He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. Our ESG performance is a critical component to earning and keeping that trust. 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. 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 retired in 2010 as a member of the Senior Executive Service with the U.S. Government. 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. We have issuers, we have merchants, and we have the third-largest network, Bisignano said. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. John Gibbons serves as Head of the Europe, Middle East, and Africa (EMEA) region at Fiserv, Inc. Anthony S. Marino is Chief Human Resources Officer (CHRO) at Fiserv, Inc. 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. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. Most recently, Chiarello served as Chief Administrative Officer at Fiserv, overseeing the companys technology and operations. Under the new contract, Bisignano also receives a target annual incentive of at least $2.5 million, equity awards, use of the companys aircraft for personal travel and a company car and driver, among other benefits. 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. 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. Still. 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. Want to share a company announcement with your peers? The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Previously, Kereere led a multi-billion-dollar business and global team as Global Head of Merchant Sales & Acquiring at Visa. 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. He ruined First Data, destroyed all the culture and kept technologies in the stone ages and is now doing it with Fiserv. Want to share a company announcement with your peers? Chiarello has been recognized multiple times by Institutional Investor magazine among its Top Tech 50 and by Information Week as a Global CIO Top 50, was a NASSCOM CIO of the Year and is considered a key advisor by many leading Silicon Valley companies and technology CEOs in the industry. 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. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. He became Chairman of the Board in May of 2022. 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 company has maintained that it has about 44,000 employees around the world. 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. Register now. aimed at increasing competition in the industry. 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, Gibbons is responsible for leading the business across the EMEA region, where Fiserv has operations in 13 countries and provides issuing, payments software, merchant acquiring and processing services to financial institutions, Fintechs, enterprise and small- and medium-sized businesses. Fiserv hired "thousands" of employees globally this year, even as others . VIDEO 05:44. 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. New contract extends term through 2027 and enhances governance features. 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. His career spanned 24 years in the National Security and Foreign policy areas. ET, Presented by studioID and Dun and Bradstreet, Investors press FIS, Fiserv for divestitures, Fiserv hired thousands of workers this year, CEO says, CEOs Sound Off: Payments execs navigate economic turmoil, 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. Previously, his base salary was $1.32 million, according to the companys. During the year, Forbes recognized Fiserv as one of Americas Best Employers for Diversity and, in early 2022, Fiserv was named to the Bloomberg Gender-Equality Index for the sixth year in a row. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. In November 2022, Fiservs board adopted an executive severance policyresembling a prior shareholder proposal that had won shareholder approval earlier last year. 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. He explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. Marino also served as CHRO at Ally Financial, where he was instrumental in the restructuring and turnaround of the nations largest auto finance company. Bisignano will also continue to serve as Chairman of the Board. These positions included three years as vice president of Enterprise Security, Risk and Compliance, leading security professionals across North America and Europe to create and enforce policies and standards through ongoing internal risk assessments, the facilitation of external assessments and consulting services. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. 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. [1] Starting in 1994, he held a number of executive positions at Citigroup,[2] with American Banker writing that "he got his payments industry bona fides at Citi by running its massive global transaction services unit. ET, Presented by studioID and Dun and Bradstreet, Fiserv maniacally focused on expense management, Fiserv stands by profit margin expansion target, CEOs Sound Off: Payments execs navigate economic turmoil, 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. BROOKFIELD, Wis., December 21, 2022--(BUSINESS WIRE)--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. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. He has lectured extensively as an Adjunct Professor of Law at Georgetown University Law Center. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Based in New York City, Bisignano started his career as VP of both Shearson Lehman Brothers and First Fidelity Bank. Fiserv, Inc.+1 212-515-0278 Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. 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. He has also held division general counsel and senior compliance roles with J.P. Morgan Chase & Co. and Marsh & McLennan. Our people platform, including diversity and inclusion, and the health and safety of our people, clients and communities, has remained at the top of our CSR and ESG agenda. Need help finding the best Bisignano . 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. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. Frank Bisignano is President, Chief Executive Officer and member of the board of directors of Fiserv, Inc. (NASDAQ: FISV), a global leader in finan cial services and payments technology solutions for financial institutions, businesses and consumers. [19] His compensation was rated at approximately $40 million in 2019. 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. in Economics from Tufts University. 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, . 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. When Fiserv acquired First Data in 2019 in a $22 billion all-stock deal, the company said it would cut $900 million in expenses over five years, according to a proxy filing. [18], Bisignano is consistently rated as one of the highest-paid CEOs in the United States. The scary thing? 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. 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, Gibbons is a graduate of the University of Connecticut and is a dual citizen of both the United States and the U.K. Robert (Bob) Hau is Chief Financial Officerat Fiserv, Inc., and provides oversight for all financial functions of the company. 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. 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. 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. Get started Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. Fiserv headquarters in Brookfield, Wisconsin. 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. 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.". She is a Certified Public Accountant and Certified Information Security Manager. Issuer Solutions includes credit and retail card processing, loans processing, customer communications, plastics manufacturing and personalization, commercial payments, and licensed financial software systems. [14][15][16] Bisignano is also on the boards of organizations such as Continuum Health Partners and the Metro Atlanta Chamber of Commerce. Gibbons joined the company in December 2018 from Deutsche Bank, where he led Global Transaction Banking. The company serves clients in more than 100 countries, was named among the World's Most Innovative . Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. He resides in New York with his wife and three children. The rule clarification requires more than one debit network be available for routing transactions, including online. Global payments provider Fiserv has promoted Frank Bisignano to CEO, the company announced in a press release Thursday (May 7).. Its Board of Directors unanimously elected Bisignano to succeed . "[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. Prior to joining Fiserv, he was Executive Vice President and Chief Financial Officer of TE Connectivity Ltd., a $12 billion global product technology company. Saturday, February 26th, Syracuse University honored Fiserv President and CEO and proud Syracuse parent Frank Bisignano, along with his wife Tracy and other family members, including Sam '11 and Morgan Lituchy '11, with the unveiling of the Bisignano Grand Hall and the Bisignano Family Programs and Services Wing at the National Veterans Resource Center (NVRC) at the Daniel and Gayle D . 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, said Doyle Simons, Lead Independent Director of the Board of Directors. britt.zarling@fiserv.com Fiserv headquarters in Brookfield, Wisconsin. Webinar 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. 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. "[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. So this is a long-term strategy.. His experience spans the spectrum from creating start-up operations for small businesses in emerging markets to leading global divisions of large multinational corporations. And that should be worth more than zero., He acknowledged the move creates a bunch of opportunity, both on the issuing side and on the merchant side., Get the free daily newsletter read by industry experts. 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. "Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline. Yes, we did announce that we were going to relocate people, we were going to have synergies. solution for your business. He is a philanthropic leader who has been recognized by numerous organizations for his charitable efforts. 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. Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular.
