Fiserv CFO Confirms Clover Integration Amid Q3 Revenue Growth

Paul Todd was appointed Chief Financial Officer of Fiserv, confirming Clover's status as a core offering of the company. In its third-quarter earnings, Fiserv reported a net loss of $5.94 billion, which included a $6.45 billion goodwill-impairment charge. Todd stated that the third-quarter performance was in line with expectations, noting a return to organic revenue growth in financial solutions.

Despite the third-quarter net loss, Fiserv management reaffirmed its full-year guidance and expects revenue acceleration in the fourth quarter. The company's earnings report included discussions of an expanded Clover point of sale system and new agentic AI tools for banks.