8-KRegulation FDExhibits & Filings

FISERV INC 8-K Report, Regulation FD Disclosure (Apr 28, 2008)

Filed April 28, 2008For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed a Form 8-K on April 28, 2008, primarily to announce a realignment of its business operations following the integration of CheckFree Corporation. This strategic move will impact how the company reports its financial results going forward, starting with the first quarter of 2008. The company has established four new operating segments: Financial Institution Services, Payments and Industry Products, Insurance Services, and Corporate and Other. This restructuring is intended to provide a clearer view of performance across its diverse business lines and reflects the integration of CheckFree's capabilities, particularly in electronic bill payment and presentment. Investors can use this new segmentation to better understand the revenue streams and operational focus of Fiserv's various divisions.

Key Highlights

  • 1Fiserv has realigned its business operations due to the integration of CheckFree Corporation.
  • 2New operating segments will be reported starting with the first quarter of 2008.
  • 3The four new segments are: Financial Institution Services, Payments and Industry Products, Insurance Services, and Corporate and Other.
  • 4The "Payments and Industry Products" segment will include electronic transaction processing, internet banking, and electronic bill payment services.
  • 5The "Insurance Services" segment consolidates claims and billing administration systems for insurance carriers.
  • 6This 8-K filing is intended solely to provide recasted historical operating segment information for 2007 and 2006.
  • 7No changes to previously reported consolidated financial information are being made.

Frequently Asked Questions

Fiserv is realigning its business operations to integrate CheckFree Corporation and to provide a clearer view of financial results across its different business areas. This new structure will be used for reporting financial results beginning with the first quarter of 2008.

The new operating segments are: Financial Institution Services, Payments and Industry Products, Insurance Services, and Corporate and Other. This segmentation reflects the company's business activities and the integration of CheckFree.

No, this Form 8-K filing is purely for informational purposes to provide recasted historical operating segment information for 2007 and 2006. There are no changes to previously reported consolidated financial information.

This segment includes electronic transaction processing (EFT, debit processing), internet banking, electronic bill payment and presentment services, biller services, card and print personalization, risk and transaction management products, and investment account processing services.