The company into two, Clover and Financial Technology.
New investor wants to unlock Clover value and the Fintech company can focus on modernization.
11 replies (most recent on top)
@ncx+1dCudlwT The only card work from home employees you have are those supporting VisionPLUS or supporting products for OFS and thats just a small amount of employees in Card Services in comparison to those from First Data. Remember Cards and Payments was what FirstData did and Frank didn't allow WFH at FirstData. Regardless of who we worked for pre merger - FB is a jerk. We all agree.
The Clover race car can stay green then, doesn't need to turn into a pumpkin.
Agree with the breakup push, the sudden thud of the stock price, loss of Stripe and others processors to come will push FB timeline of spinning off core as well with other divisions. Not sure I see Clover without the 'network' .
Would Synchrony have an interest?
https://www.paymentsjournal.com/synchrony-announces-partnership-with-fiserve-via-clover-pos-terminals/
Getting rid of Cards would not be an issue since they are getting rid of Card WFH employees. just kidding, maybe.
@byp+1dCudlwT If the merger was to be reversed it would split out more than Clover. You'd be splitting into Cards and Core.
Where is this rumor coming from ?
Reverse the merger two years after completing it? Sounds d-mb, but I’m on board as long as I get to stay on the opposite side that Frank is on.
Ah, maybe the beginning of the company break up. Nothing solid here to hold it together.
Fiserv wants to focus on modernization? That would be a joke, right. No one can make any definitive decisions and the company just flounders all over the place.
Is that why the company go clover emails have stopped for a couple days? lol