Fiserv (Ticker: FI) with Jacob Franklin

In this episode of Chit Chat Money, Ryan Henderson and Brett Schafer interview Jacob Franklin about Fiserv, a large financial technology company. They discuss Fiserv's three segments: merchant acceptance, FinTech, and payments, highlighting the importance of Clover and Carrot within merchant acceptance and the unique debit card network in payments. The conversation covers the strategic acquisition of First Data, the competitive landscape with companies like Adyen, and the potential of Carrot as a next-generation platform. They analyze Fiserv's long-term success, attributing it to good capital allocation, acquisitions, and tailwinds in the payment space. The discussion also addresses the management team's approach to acquisitions and share buybacks, as well as potential risks such as competitive pressures and the impact of industry shakeups.