Fiserv Settles Old Legal Issue with U. S. Government

Financial Tech Giant Updates Practices

Fiserv, a prominent player in the financial technology sector, has recently concluded a legal matter with the U.S. government. The case centered around outdated practices within their output solutions business.

Government Allegations and Fiserv's Response

The government alleged that Fiserv did not comply with U.S. Postal Service (USPS) rules regarding address updates. In response, Fiserv stated that they collaborated closely with the USPS and the Department of Justice to resolve the issue.

Moving Forward

Fiserv expressed relief in putting the matter behind them, emphasizing their commitment to working with the USPS and continuing to assist clients with their mailing needs. The issue arose due to varying methods of handling regulations in the past. Now, Fiserv has implemented a single, robust system to ensure compliance with USPS guidelines.

Key Takeaways

This settlement highlights the importance of adhering to regulations and demonstrates that even large corporations can make mistakes and must take corrective action. Fiserv is now moving forward with an improved system in place.