Fiserv Class Action Lawsuit: Submit Your Information [Aug. 2025]

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Introduction to the Fiserv Class Action Lawsuit

The Fiserv class action lawsuit seeks to represent purchasers or acquirers of Fiserv, Inc. (NYSE: FI) common stock between July 24, 2024 and July 22, 2025, inclusive (the “Class Period”).  Captioned City of Hollywood Police Officers’ Retirement System v. Fiserv, Inc., No. 25-cv-06094 (S.D.N.Y.), the Fiserv class action lawsuit charges Fiserv and certain of Fiserv’s top current and former executives with violations of the  Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Fiserv class action lawsuit, or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.

Lead plaintiff motions for the Fiserv class action lawsuit be filed with the court no later than September 23, 2025.

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Allegations in the Fiserv Class Action Lawsuit

Fiserv provides payments and financial services technology solutions.

The Fiserv class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

1. Due to cost issues and other problems with its Payeezy platform, Fiserv forced Payeezy merchants to migrate to its Clover platform;
2. Clover’s revenue growth and gross payment volume (“GPV”) growth were temporarily and unsustainably boosted by these forced conversions, which concealed a slowdown in new merchant business;
3. Shortly after these conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover’s high pricing, inadequate customer service, and other issues; and
4. As a result of these merchant losses, Clover’s GPV growth was significantly slowing, and its revenue growth was unsustainable.

The Fiserv class action lawsuit further alleges that on April 24, 2025, Fiserv reported Clover GPV growth of only 8% for the first quarter of 2025, a material stepdown from 2024 GPV rates of between 14% and 17%.  Fiserv attributed this slowing growth to lower 2025 transaction volume from Payeezy merchants who had converted to Clover, according to the complaint.  The Fiserv class action lawsuit alleges that on this news, the price of Fiserv common stock fell more than 18% according the Fiserv class action lawsuit.

Then, on May 15, 2025, the Fiserv class action lawsuit further alleges that Fiserv disclosed that GPV growth deceleration would continue through 2025.  On this news, the price of Fiserv common stock fell a further 16%, according to the Fiserv class action lawsuit.

Finally, on July 23, 2025, Fiserv lowered the top end of its full-year organic growth guidance range and confirmed that its quarterly organic revenue in the Merchant segment had decelerated to 9% year-over-year from 11% in the previous quarter, the complaint alleges.  On this news, the price of Fiserv common stock fell nearly 14%, according to the Fiserv class action lawsuit.

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