Fiserv, Inc. Class Action Lawsuit - FI

The filed complaint alleges that Fiserv, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) Due to cost issues and other problems with its older point-of-sale platform, Payeezy, Fiserv forced Payeezy merchants to convert to its Clover platform; (b) Clover’s revenue growth and GPV growth were temporarily boosted by these conversions, which concealed a slowdown in new merchant business; (c) shortly after these conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover’s high pricing, inadequate customer service, and other issues; (d) as a result of these merchant losses, Clover’s GPV growth was significantly slowing, and its revenue growth was unsustainable; and (e) based on the foregoing, Fiserv’s positive class period statements about Clover growth strategies, competition, attrition, GPV growth, and business prospects were materially false and misleading.

In order to be eligible to join the FI class action lawsuit, you must have incurred a loss on shares of Fiserv, Inc. purchased during the class period listed above.

If you suffered a loss in Fiserv, Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until September 22, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.