Fiserv Announces New Five Million Share Repurchase Authorization
BROOKFIELD, Wis., May 21, 2009 (BUSINESS WIRE) -- Fiserv, Inc. (NASDAQ:FISV), the leading global provider of financial services technology solutions, today announced that its Board of Directors has authorized it to repurchase up to five million shares of the company's common stock, approximately 3 percent of its outstanding shares. As of March 31, 2009, the company had approximately 500,000 shares remaining in its previous repurchase authorization.
Under the new authorization Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors.This authorization does not expire.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrates its 25th year in 2009. For more information, visit www.fiserv.com.
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SOURCE: Fiserv, Inc.
Media Relations:
Lori Stafford-Thomas
Assistant Vice President
Corporate Communications
Fiserv, Inc.
262-879-5130
Lori.stafford@fiserv.com
or
Investor Relations:
David Banks
Vice President
Investor Relations
Fiserv, Inc.
262-879-5055
David.banks@fiserv.com
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