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#NASDAQ:FISV

Fiserv Launches Clover POS System in Australia to Empower Small Businesses

Fiserv has introduced its Clover point-of-sale system in Australia, aiming to support the country’s small-to-medium businesses with advanced technology that streamlines operations and improves customer experiences. Clover combines proprietary hardware and software into a unified platform that simplifies online ordering, inventory and employee management, and payment processing.

Clover is already active in 11 countries, powering 3.5 million POS devices globally. In Australia, the system is tailored to meet the needs of the retail, service, and hospitality sectors. Four models are now available: Clover Flex, Mini, Station Duo, and Kiosk. Each is designed for varying business requirements, offering sleek, durable hardware and cloud-based software with remote access.

Clover also provides businesses with centralized control via its Web Dashboard, real-time sales tracking, customer loyalty management, and offline payment support. Seven-day support and on-site technician deployment ensure reliability for businesses relying on continuous operation.

Fiserv views this expansion as part of its mission to deliver innovative financial technology solutions globally.
The Fiserv Small Business Index for February 2025 remained steady at 147, unchanged from January. Small business sales increased 2.1% year over year and 0.1% month over month, reflecting continued consumer spending resilience. Sector-level trends showed growth in retail and restaurant sales, while service-based businesses experienced slower growth.

Retail sales grew 1.6% year over year, with notable increases in general merchandise (+7.3%), clothing (+3.7%), and sporting goods (+3.6%). On a monthly basis, furniture and auto parts led sales growth. Restaurant sales declined 2.4% year over year despite a 5.9% increase in foot traffic, indicating a consumer shift toward lower-cost dining options. Service-sector spending grew 2.3% annually but declined 0.2% month over month, with professional services and healthcare seeing the most growth.

Regionally, North Dakota, Georgia, and South Carolina led year-over-year sales growth, while Atlanta and Miami saw the strongest gains among major cities. Monthly sales growth was highest in Dallas, Atlanta, and Philadelphia.

The Fiserv Small Business Index is based on direct consumer transaction data across two million U.S. small businesses and provides insights into spending patterns across different sectors and regions.

(Source: Fiserv, Inc.)
Fiserv announced that First Community Credit Union (FCCU), one of Missouri’s largest financial institutions, has selected the DNA core processing platform to support its future growth. FCCU, which has $4.5 billion in assets and 42 branch locations, chose DNA for its modern, member-centric approach, open integration capabilities, and robust commercial features.

DNA was recently recognized with the xCelent Advanced Technology Award for its best-in-class technology architecture, highlighting its broad functionality and strong customer base. Celent also designated DNA as a Luminary for its technical capabilities, citing its scalability, open integration, and flexibility for banks and credit unions.

FCCU’s President and CEO, Glenn Barks, emphasized that DNA will help blend in-person and digital banking experiences, ensuring the credit union remains at the forefront of banking technology. Fiserv’s Core Account Processing Solutions President, Dudley White, reaffirmed the company’s commitment to continuous investment in its core systems and supporting clients’ evolving needs.

Fiserv, a Fortune 500 company and global leader in payments and financial technology, provides a range of financial services including account processing, digital banking, e-commerce, and merchant acquiring. The company is a member of the S&P 500 and has been recognized as one of Fortune’s World’s Most Admired Companies.
Fiserv Appoints Michael P. Lyons as President and CEO-Elect