Fiserv Inc 's

The technology products and services market is fragmented and highly competitive, comprising numerous large and small businesses. Key competitors include large integrated providers of financial services technology and payment systems, data processing affiliates of major companies, user cooperative-operated processing centers, financial institutions, merchant acquirers, independent sales organizations (ISOs), independent software vendors (ISVs), payments companies, and payment network operators. Additional competitors consist of global and local IT product and service firms, as well as payment service providers and processors. Competition is anticipated to intensify with new market entrants and existing competitors expanding or consolidating their offerings. Some competitors possess significant financial, sales, and marketing resources and compete through integrated product offerings, pricing strategies, and established relationships. Competitive factors differ by product or service and include quality, security, innovation, features, client satisfaction, market opportunity, integration, global reach, distribution channels, service reliability, timely product introductions, platform scalability, flexibility, and value. The company states that it competes fairly within this environment.