Fiserv, Inc. (FISV) recently declared its conflation with TOPS Software. With this venture, the company will be able to enhance the operational efficacy of its entire payment process needed for property management.
Moreover, the company’s customers can easily integrate homeowner data through deploying RemitStream Exception Handling property management solution and TOPS Condo/HOA management software services. Now, with this alliance the company is considered as a TOPS Authorized Integration Partner.
In association with TOPS, Fiserv will be engaged in designing advanced files, which will be mainly utilized to minimize the manual handling exceptions for various property managers. The company’s clients can now easily access these files through deploying TOPS’ Professional accounting software.
Management stated that wrong or missing information relating to payments may prove to be highly expensive for property management and HOA customers. The adoption of TOPS’ solution will surely mitigate such problems and it would make the entire handling process less difficult.
Various strategic contract wins hold future pledge for Fiserv. The company confirmed winning a bunch of contracts from various financial institutions during 2012. Recently, Fiserv declared that its sales automation and management service platform, EnAct has been adopted by Central Bancshares. The company will be engaged in optimizing the entire operational procedure through offering the latest business strategy, besides managing customer relationship system of Central Bancshares.
However, the company’s financial segment faces tough competition from various big companies including Mastercard Incorporated (MA) and Fidelity National Information Services, Inc. (FIS). Mastercard recently entered into an agreement with C-SAM. Hence, the company has to be extra cautious of its peers’ competitive strides in the industry.
The current Zacks Consensus Estimates for Fiserv, Inc. are $1.42 and $5.17 for the fourth quarter of 2012 and for 2012, respectively. The estimate for fourth quarter is a year-over-year growth of 12.1% and 12.9% for 2012. We currently have a long-term Neutral recommendation for Fiserv. The stock carries a Zacks #3 Rank, which translates into a short-term Hold rating.
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