Fiserv Sells Student Loan Servicing Business as Part of Strategic Review
Fiserv has sold its student loan servicing business to Infinite Computer Solutions and is spinning off its ATM and cash services unit in a joint venture with Bridgeport Partners. CEO Mike Lyons indicated that these moves are part of an ongoing strategic review aimed at focusing on core products for clients while returning capital to shareholders.
Tickers: $FI
Topics: business restructuring Fiserv strategic review student loan servicing