Is Fiserv a Buy?
The financial sector has been a lousy place for investors this year. Between the banks taking big provisions for loan losses and the real estate investment trusts (REITs) dealing with tenant delinquencies, it's been a struggle. Unlike most of the financials, Fiserv (NASDAQ: FISV) doesn't make its money taking credit risk -- it's a fintech company that earns fee income from the services it provides. Does a lack of credit exposure mean Fiserv is a better buy?
Image source: Getty Images.
Fiserv offers electronic payment processing, retail point of sale, and e-commerce services, some of which it added through its acquisition of First Data in July 2019. It added the Clover point-of-sale operating system through that merger, and it partners with Early Warning Services to offer the Zelle brand of person-to-person payment technology.
Source Fool.com
