Fiserv Taps Worldpay US CEO To Lead Card Services

Fiserv, a global provider of financial services technology solutions, announced Wednesday (April 11) it has named Kim Crawford Goodman president of card services.

In a press release, Fiserv said that Goodman will be in charge of the company’s card services business, including debit and credit processing, ATM payment solutions and the Accel premier payments network.

“Kim has a strong track record of success working with some of the world’s most respected brands in payments and technology, which enhances our leadership team,” said Jeffery Yabuki, president and CEO of Fiserv. “Her inspired focus on customer value through quality, innovation and leading technology should further enable us to deliver the differentiated payments experiences consumers expect.”

Goodman brings to Fiserv more than 25 years of experience in the payments market, software and business innovation, and consulting. She most recently served as CEO of Worldpay US, and prior to that spent seven years at American Express, where she was president of merchant services for the Americas and also led the global business travel division. Goodman also held executive leadership positions at Dell and was a partner at Bain & Company, the management consulting firm. She earned her MBA from Harvard Business School, where she was a Baker Scholar.

In February, Fiserv reported fourth-quarter earnings that beat analyst expectations, boosted in part by traction in its payments segment. Overall revenues (measured on a GAAP basis) were up 7 percent year over year to $1.54 billion, while internal revenues grew by 6 percent to $1.42 billion. That GAAP number topped the Street at $10 million. Earnings per share came in at $1.41, topping the Street by three pennies.

By segment, payments revenue grew by 7 percent and on an adjusted basis was $792 million, while financial revenue grew by 5 percent and on an adjusted basis was $668 million. Operating margins for those segments grew by a respective 330 basis points and 140 basis points to (respectively) 36.4 percent and 35.1 percent. During the conference call with analysts, Yabuki said that the internal revenue growth for the company, at 6 percent, was the highest level in several years.