Fiserv, Inc

About Fiserv, Inc

Fiserv, Inc. is a financial services technology company that provides a wide range of solutions aimed at enhancing the efficiency and capabilities of financial institutions and businesses. Their offerings encompass payment processing, banking solutions, and risk management services, among others. Fiserv’s platform supports various transaction types, from digital payment transactions to more traditional banking functions. They integrate data analytics tools to help organizations optimize their operations and improve customer experiences. Additionally, Fiserv has made strides in adapting to trends like mobile payments and online banking, positioning itself as a key player in the evolving landscape of financial technology.

Pricing

Fiserv, Inc. as an ISO (Independent Sales Organization) offers a range of payment processing services that come with various fees. Transaction fees typically range from 1.5% to 3.5% per transaction, depending on the type of card used and the nature of the transaction. Additionally, there may be a monthly service fee that can vary from $0 to $50, and gateway fees for online transactions can also be charged, usually around $15 to $30 per month. Merchants might also encounter annual fees that average around $100 to $200 for maintaining their merchant account. Other potential costs may include chargeback fees, which can be around $15 to $25 per incident, and PCI compliance fees, generally priced at $100 annually. Overall, costs can vary significantly based on the volume of transactions, the types of services utilized, and the specific contract agreements made with Fiserv. Companies are encouraged to review their exact pricing structures to get a comprehensive understanding of their projected expenses.