Latest news with #Fiserv
Techday NZ
16 hours ago
- Business
- Techday NZ
Pure Storage launches next-gen FlashArray & FlashBlade for AI
Pure Storage has unveiled new updates to its hardware portfolio, introducing next-generation support in its FlashArray and FlashBlade product lines to address high-performance requirements, including artificial intelligence and machine learning workloads. Product updates The company's latest enhancements are designed to facilitate performance at scale for organisations facing increasingly intensive and diverse workload demands. The updates primarily centre on its FlashArray and FlashBlade offerings, both integral to the broader Pure Storage platform. The new FlashArray//XL R5 has been developed to consolidate varied workloads onto a single platform by delivering a significant increase in performance and capacity. According to the company, this model doubles the Input/Output Operations Per Second (IOPS) per rack unit compared to its predecessor and boosts maximum raw capacity by as much as 50 percent. Steven Allgeier, Vice President Distributed Infrastructure Group at Fiserv, said, "At Fiserv we recognise our customers' urgent need to manage escalating data demands with greater efficiency. With Pure Storage FlashArray, we are able to continuously deliver an optimal all-flash performance with reliability for mission-critical workloads. We are excited to see how the benefits of the next-gen FlashArray//XL R5 will empower our customers to scale for extreme demands." Pure Storage has also introduced the FlashArray//ST, a platform specifically designed for workloads that are sensitive to latency, such as in-memory databases and large online transaction processing (OLTP) systems. The FlashArray//ST can deliver over 10 million IOPS within five rack units, owing to its optimised input/output pathway. The FlashBlade//S has been updated to its R2 version, featuring next-generation controller blades. The company states that this iteration offers up to 30 percent higher performance than competitors for critical applications including genome sequencing, inference, and electronic design automation simulations. These advances aim to expedite time-to-insight and consolidate organisational infrastructure for projects involving complex, data-intensive pipelines. Single architecture approach Another development includes the extension of object storage support to FlashArray, enabling a unified architecture for block, file, and object storage across the entire platform. This approach is intended to simplify management and deliver a consistent experience, addressing the challenges posed by the swift increase of unstructured data in enterprise environments. Pure Storage described its strategy as a response to the common issues in traditional storage infrastructures, such as fragmentation, siloed data, and uncontrolled sprawl. The company's platform seeks to enable enterprises to manage, govern, and use data more effectively across on-premises, cloud, and hybrid environments through an approach described as an Enterprise Data Cloud. John Colgrove, Founder and Chief Visionary at Pure Storage, said, "In an era where data is king and IT complexity remains a major hurdle to accessing and using data for optimal business value, Pure Storage is once again redefining what's possible for customers." "Pure Storage delivers the magic by rejecting the norms we've come to accept for storage infrastructure; they are what's holding us back within this new era of exponential data growth and logarithmic growth of insight value." Colgrove added, "Pure Storage was born to disrupt the industry, as we introduced new capabilities to reliably achieve better and better performance at any scale. We are unwavering in our mission to enable our customers' ambitions, providing the most innovative and reliable foundation they need to confidently meet any future challenge or opportunity." These announcements arrive as organisations of all sizes face mounting pressures from rapid data growth, increasing workload diversity, and the operational demands of emerging applications such as artificial intelligence and machine learning. The new hardware and features from Pure Storage are positioned to support these evolving requirements while aiming to ensure efficiency and scalability for future organisational needs.
Yahoo
2 days ago
- Business
- Yahoo
Amex, Fiserv cite inflation benefit
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Inflation could benefit credit card behemoth American Express and payment processing giant Fiserv as long as price hikes don't get out of control, the chief financial officers for both companies said in recent presentations. Higher prices mean more payments volume, on a dollar basis, and that results in more revenue for New York-based Amex, Chief Financial Officer Christophe Le Caillec explained at the June 11 Morgan Stanley U.S. Financials Conference. That's because merchants pay the company interchange fees, based on the size of the transaction, whenever an American Express cardholder swipes a credit card. 'It provides a bit of support for our revenue growth, and our expenses don't travel at the same speed,' the CFO said in a question-and-answer session. However, if inflation runs too hot and tips the economy into a recession, that would likely mean shoppers pare back their total spending, hurting companies like American Express, Le Caillec said. But on balance, 'we're in a good place, as long as inflation doesn't translate into unemployment,' he added. Le Caillec's statement on inflation echoed comments from Fiserv Chief Financial Officer Bob Hau at the JPMorgan Global Technology, Media and Communications Conference on May 15. 'A little bit of inflation is actually a good thing,' Hau said, noting that slightly higher prices result in more payment volume for the Milwaukee-based company. But 'it's got to be a little bit,' he said. 'If it's too much, that has a macro impact.' Bank of America analyst Mihir Bhatia agreed that inflation could help the bottom line for companies 'as long as it is modest and doesn't affect overall [economic] activity.' 'As long as it stays in check, it's good for them,' he said in an interview. Prices may be getting a boost as a result of the White House's new tariff policies. President Donald Trump's 10-percent, across-the-board tariffs took effect in April, with higher tariffs on certain goods such as aluminium and steel. So far, tariffs have not supercharged inflation, as some economists feared. Annual inflation was 2.4% in April, the last month for which statistics are available, which was a lower figure than many economists had predicted. However, prices could still rise as Trump has repeatedly threatened to impose more import duties. Tariffs could also impact payments companies by increasing costs. Some of the card readers that Fiserv and restaurant point-of-sale provider Toast sell to retailers and restaurants, for example, are manufactured overseas and therefore subject to tariffs. Boston-based Toast is seeing 'slightly higher tariff expenses related to our hardware,' the company's chief financial officer, Elena Gomez, said in a May 8 earnings call with investors, although she did not say where Toast's hardware is manufactured. Fiserv's 2024 annual report listed tariffs as a potential pain point, noting that the company's point-of-sale devices are manufactured mostly overseas. Spokespeople for Amex, Fiserv and Toast did not immediately respond to requests for additional comment on the impact of tariffs and inflation. Recommended Reading Fiserv says US trade war could harm demand
Finextra
2 days ago
- Business
- Finextra
Fiserv collaborates with Early Warning Services on roll out of digital wallet Paze
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced a new collaboration with Early Warning Services to offer the digital wallet, PazeSM to financial institutions, providing their customers and members with a convenient online checkout experience via the banks and credit unions those consumers already trust with their money. 0 Banks and credit unions can now enable the Paze wallet with added security provided by payment tokens. Card account numbers are replaced with a unique number through tokenization, and card numbers are not shared with merchants. Providing a fast, easy, and convenient online checkout experience just like other digital wallets, the Paze solution has a built-in advantage within the thousands of financial institutions powered by Fiserv. 'This strategic offering of Paze provides our clients a new digital checkout solution, one in which their consumers can have full confidence when they check out online,' said Matt Wilcox, Deputy Head, Financial Solutions and President of Digital Payments at Fiserv. 'We are excited to enable our clients with a future-forward approach to commerce and with Paze, a convenient online checkout experience for their customers.' Additionally, Fiserv will enable merchants to accept Paze at checkout, enhancing the payment options available to their customers. Paze will be supported across the Fiserv ecommerce payments suite. Fiserv and Early Warning Services have forged a long-standing strategic alliance, with Fiserv offering a turnkey service for Zelle®, meeting consumer expectations for fast and reliable person-to-person (P2P) payments. The expanded relationship enables the two companies to explore ways to enhance payment solutions for consumers and streamline the checkout experience for merchants. 'Our collaboration with Fiserv marks a significant step in expanding the reach of Paze. Together, we're making it easy for merchants of all sizes to deliver a fast, convenient, and seamless online checkout experience, unlocking access to our solution for thousands of financial institutions and merchants nationwide,' said Eric Hoffman, Chief Partnerships Officer, Early Warning Services.
Yahoo
3 days ago
- Business
- Yahoo
Fiserv and Early Warning Services Collaborate on Paze to Provide Financial Institutions and Merchants of All Sizes with a Convenient Digital Checkout Solution for Consumers
Integration with Paze checkout provides additional security through a tokenized payment experience within trusted financial institutions MILWAUKEE, June 17, 2025--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced a new collaboration with Early Warning Services to offer the digital wallet, PazeSM to financial institutions, providing their customers and members with a convenient online checkout experience via the banks and credit unions those consumers already trust with their money. Banks and credit unions can now enable the Paze wallet with added security provided by payment tokens. Card account numbers are replaced with a unique number through tokenization, and card numbers are not shared with merchants. Providing a fast, easy, and convenient online checkout experience just like other digital wallets, the Paze solution has a built-in advantage within the thousands of financial institutions powered by Fiserv. "This strategic offering of Paze provides our clients a new digital checkout solution, one in which their consumers can have full confidence when they check out online," said Matt Wilcox, Deputy Head, Financial Solutions and President of Digital Payments at Fiserv. "We are excited to enable our clients with a future-forward approach to commerce and with Paze, a convenient online checkout experience for their customers." Additionally, Fiserv will enable merchants to accept Paze at checkout, enhancing the payment options available to their customers. Paze will be supported across the Fiserv ecommerce payments suite. Fiserv and Early Warning Services have forged a long-standing strategic alliance, with Fiserv offering a turnkey service for Zelle®, meeting consumer expectations for fast and reliable person-to-person (P2P) payments. The expanded relationship enables the two companies to explore ways to enhance payment solutions for consumers and streamline the checkout experience for merchants. "Our collaboration with Fiserv marks a significant step in expanding the reach of Paze. Together, we're making it easy for merchants of all sizes to deliver a fast, convenient, and seamless online checkout experience, unlocking access to our solution for thousands of financial institutions and merchants nationwide," said Eric Hoffman, Chief Partnerships Officer, Early Warning Services. About Paze Paze is a reimagined online checkout solution that banks and credit unions offer to consumers and merchants, combining all eligible credit and debit cards into a single wallet and eliminating manual card entry. Solving long-standing challenges in e-commerce, Paze provides an easy experience for consumers and merchants alike. More than 150 million credit and debit cards have been added to the Paze checkout solution. To learn more about Paze, visit Paze is operated by Early Warning Services, LLC, an innovator in financial and risk management solutions. About Fiserv, Inc. Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world's smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World's Most Admired Companies™. FI-G View source version on Contacts For more information contact:Media Relations: Mark JelfsSenior Manager, CommunicationsFiserv, Inc.+ Additional Contact: Jim SiasVP, CommunicationsFiserv, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Fiserv and Early Warning Services Collaborate on Paze to Provide Financial Institutions and Merchants of All Sizes with a Convenient Digital Checkout Solution for Consumers
MILWAUKEE--(BUSINESS WIRE)-- Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced a new collaboration with Early Warning Services to offer the digital wallet, Paze SM to financial institutions, providing their customers and members with a convenient online checkout experience via the banks and credit unions those consumers already trust with their money. Fiserv and Early Warning Services have announced a collaboration to offer the digital wallet, Paze to financial institutions, providing their customers and members with a convenient online checkout experience via their banks and credit unions. Share Banks and credit unions can now enable the Paze wallet with added security provided by payment tokens. Card account numbers are replaced with a unique number through tokenization, and card numbers are not shared with merchants. Providing a fast, easy, and convenient online checkout experience just like other digital wallets, the Paze solution has a built-in advantage within the thousands of financial institutions powered by Fiserv. 'This strategic offering of Paze provides our clients a new digital checkout solution, one in which their consumers can have full confidence when they check out online,' said Matt Wilcox, Deputy Head, Financial Solutions and President of Digital Payments at Fiserv. 'We are excited to enable our clients with a future-forward approach to commerce and with Paze, a convenient online checkout experience for their customers.' Additionally, Fiserv will enable merchants to accept Paze at checkout, enhancing the payment options available to their customers. Paze will be supported across the Fiserv ecommerce payments suite. Fiserv and Early Warning Services have forged a long-standing strategic alliance, with Fiserv offering a turnkey service for Zelle®, meeting consumer expectations for fast and reliable person-to-person (P2P) payments. The expanded relationship enables the two companies to explore ways to enhance payment solutions for consumers and streamline the checkout experience for merchants. 'Our collaboration with Fiserv marks a significant step in expanding the reach of Paze. Together, we're making it easy for merchants of all sizes to deliver a fast, convenient, and seamless online checkout experience, unlocking access to our solution for thousands of financial institutions and merchants nationwide,' said Eric Hoffman, Chief Partnerships Officer, Early Warning Services. About Paze Paze is a reimagined online checkout solution that banks and credit unions offer to consumers and merchants, combining all eligible credit and debit cards into a single wallet and eliminating manual card entry. Solving long-standing challenges in e-commerce, Paze provides an easy experience for consumers and merchants alike. More than 150 million credit and debit cards have been added to the Paze checkout solution. To learn more about Paze, visit Paze is operated by Early Warning Services, LLC, an innovator in financial and risk management solutions. About Fiserv, Inc. Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world's smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World's Most Admired Companies™. FI-G
