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Fiserv 2Q profit up 79 client forum in Sept.
BROOKFIELD, Wis. (8/1/12)--Fiserv Inc., a financial services technology firm, said Tuesday that its net income jumped 79% in the second quarter, buoyed by revenue growth and a charge that cut into net income a year ago.

Fiserv reported net income of $161 million, or $1.17 a share, in the quarter ended June 30. That compares with net income of $90 million, or 62 cents, in the second quarter of 2011. Last year's second quarter included a $61 million charge related to debt retirement.

Revenue increased 3.4% from the same time a year ago to $1.1 billion from $1.065 billion.

Fiserv also released its speaker and agenda details for Fiserv Forum--Fall 2012, its annual credit union client conference, to be held Sept. 10-13 in Las Vegas.

Speakers include Fareed Zakaria, journalist, author and global thinker; Pranav Mistry, a visionary inventor who pushes the boundaries of technology and design; and a special guest speaker on Sept. 11 to recognize the significance of that day in U.S. history.

Fiserv Forum--Fall 2012--previously called Innovate--is the largest annual technology-focused event for credit unions, and is expected to attract more than 2,000 credit union and financial technology professionals.

Strategic decision-making, growing credit union membership, expanding digital channels, managing risk and payment portfolio opportunities are among areas that will be addressed at Fiserv Forum. The conference will feature a 35,000 square-foot Technology Showcase.


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