Fiserv, Inc., (FISV) recently announced that it has renewed contracts with 217 credit union account processing clients in the first eight months of 2009. Fiserv holds 32% market share for account processing among U.S. credit unions.  The company had earlier launched a new global account processing solution – Acumen, designed to transform the way large credit unions do business. It supports rapid growth with its server deployment model that allows credit unions to scale their operation quickly and cost effectively.  A day before, Fiserv launched its Merchant Acceleration Program (MAP), an initiative to increase the awareness and adoption of merchant capture by businesses. Merchant capture is a remote deposit capture solution that banks may provide to their business customers to provide them the convenience and cost savings of making check deposits from their office or store locations.  Fiserv assists financial institutions and health plan administrators ...

Fiserv, Inc (FISV) has decided to sell its financial services technology solutions business. The company announced today that it has signed a definitive agreement to sell its Loan Fulfillment Solutions (LFS) business to ISGN Solutions Inc., a subsidiary of ISGN Corporation.  Fiserv assists financial institutions and health plan administrators in managing their information systems so that they can efficiently deliver services to their customers. The company is one of the leading providers of e-commerce solutions to financial institutions. Based in Bensalem, Pa, ISGN provides mortgage technology and services to banks and lenders.  The transaction is subject to customary closing conditions and is expected to close within 30 days. Financial terms of the transaction were not disclosed and the company does not expect this transaction to have a material impact on its financial results.  LFS provides financial institutions loan fulfillment services, which include broker price opinions, ...

Fiserv Inc. (FISV) recently enhanced its Mobile Money & Mobile Money FastTrack financial service by introducing an innovative rendering engine called “RenderRight" in this product suite. RenderRight will act as a customized banking interface to several mobile devices. These include Research In Motion’s (RIMM) BlackBerry, Apple Inc.’s (AAPL) 3G iPhone and Palm Inc.’s (PALM) Palm Pre.

The incorporation of RenderRight will enable Fiserv’s Mobile Money services to optimize mobile banking service on this broad range of high-end mobile handsets.

Fiserv’s Mobile Money financial service is the industry's most complete mobile banking and payments solution because it supports consumers on all three mobile access modes -- Short Messaging Service (SMS), Wireless Application Protocol (WAP) and downloaded mobile applications. Mobile Money offers online and offline enrolment capabilities and integrates with core banking, online banking and electronic payments systems.

Fiserv has developed Mobile Money solutions on its existing

...

For Immediate Release

Chicago, IL – July 17, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Abdul Saleh discusses the Software sector. Highlighted stocks include: SAP (SAP), Fiserv (FISV), Intuit (INTU), Digital River (DRIV) and VeriSign Automotive (VRSN).

Here is the latest on the Software sector:

While most software companies are implementing a series of internal cost-cutting measures, these are steps that companies typically take in an economic downturn -- a hiring freeze, no non-essential travel, and so on. Generally speaking, a downturn is when investment in IT is most critical because these investments can make operations more efficient. This idea is one reason why we think that the tech sector would weather a downturn better than other parts of the economy.

Software giant SAP (SAP) is apparently not halting

...

Outlook Global markets appear to be shaking off the recent unprecedented withering of the financial system and are looking for an upturn. But is it sustainable or is it a short-term event? So far, a string of drastic actions by the Federal Reserve and both the Bush and Obama administrations has yet to turn around a bunker mentality. Banks fear lending money to each other and to their customers. Businesses are reluctant to hire and boost capital investments. Consumers have hunkered down. All the economy's problems are feeding off each other, creating a vicious cycle that Washington policymakers are finding difficult to break. Even if the turmoil gripping Wall Street were to let up and badly shaken confidence in the banking system were fully restored, a "broader economic recovery will not happen right away." Obviously, the technology industry is not immune to the current economic ...

Technology sector has been one of the worst performing in recent weeks. Many big tech companies like Tyco, Intel are slashing outlooks. I run fundamental stock screener for big technology stocks included in S&P 500. With market capitalization above 5 bln. USD and P/E valuation below 10. The results show exactly 10 big tech companies listed below. Ticker Company Name P/E (GLW) CORNING INC 2.5 (TEL) TYCO ELECTRONICS ...

Monday:Economic New Home Sales (450K)Earnings Arch Coal (ACI), Humana (HUM), FPL (FPL), Sohu (SOHU), Tidewater (TDW), Verizon (VZ), Atheros (ATHR), CF Ind (CF), Meritage (MTH), Vertex (VRTX), Zoran (ZRAN), Universal Health (UHS)Tuesday:Economic Consumer Confidence (52.0)Earnings Boyd (BYD), BP (BP), Ceradyne (CRDN), KC Southern (KSU), Royal Carib (RCL), SAP (SAP), Schnitzer (SCHN), US Steel (X), Under Armour (UA), USG (USG), Valero (VLO), Whirlpool (WHR), Apollo (APOL), Centex (CTX), Cephalon (CEPH), Fiserv (FISV), GMarket (GMKT), Lan Air (LFL), McKesson (MCK), NetLogic (NETL), Walter (WLT), Websense (WBSN), STMicro (STM)Wednesday:Economic Weekly Crude, Durable Orders (-1.0%), FOMC StatementEarnings Aetna (AET), AGCO (AG), Comcast (CMCSA), Corning (GLW), Hess (HES), Garmin (GRMN), Legg Mason (LM), Moody’s (MCO), Newmont (NEM), SPX (SPW), Tesoro (TSO), Agnico (AEM), Cliffs Nat Res (CLF), CME Group (CME), First Solar (FSLR), Gen Cable (BGC), Hartford (HIG), Harris (HRS), Murphy (MUR), Prudential (PRU), Symantec ...

Glenview Capital, run by Larry Robbins, is a $9 billion hedge fund; the fund made the following significant Q2 trades, which is tracked by:

http://trackthepros.com/

New Positions

Macrovision Solutions

Aetna

Added to

Mckesson

Ebay

Hewlett-Packard

Fiserv

Coach

Amdocs

Amerisoucebergen

Willis Group

Wyteh

UnitedHealth

Oracle

Reduced Positions

American Tower