Thread regarding Fiserv Inc. layoffs

Credit Card Delinquency

This warning was posted here about a month ago. Now it’s real and with the rise in delinquency comes the reduction in transaction volume and that is the key driver of Fiserv income. Not Clover machines. Not DEI. Not RTO. Future earnings impact = future job losses. Pay attention. https://finance.yahoo.com/news/another-thing-for-banks-to-worry-about-credit-card-delinquencies-150242637.html

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| 1261 views | | 3 replies (last August 27, 2023) | Reply
Post ID: @OP+1oi1wg0m

3 replies (most recent on top)

I think you forgot about our minimums in that statement. Lol.

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Post ID: @1bsf+1oi1wg0m

Don't worry. The bank cores provide steady income for Fiserv. Fiserv would never do anything to jeopardize that source or revenue.

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Post ID: @pwu+1oi1wg0m

Do not be late on credit cards, pay on time and then pay the damn things off. 22% interest is not a viable return on investment. No transaction volume done right.

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Post ID: @dbk+1oi1wg0m

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