Fiserv financial services technology solutions posted 3Q/11 revenue of $1.06 billion, compared with $1.03 billion the year ago period. Meanwhile, adjusted revenue was up 2% to $1.00 billion from the year ago figure of $978 million, driven mostly by the Payments segment growth of 4% from the 2010 period. Net cash provided by operating activities increased to $681 million in the first nine months of 2011 compared with $654 million in the first nine months of 2010.
Throughout the quarter, Fiserv expanded its payments footprint, signing 114 electronic bill payment clients and 48 debit clients. The company signed 321 bill payment clients and 142 debit clients through the first nine months of the year. Also, 105 clients committed to offer ZashPay person-to-person payments service launched by Fiserv in mid-2010. Nearly 1,000 financial institutions have agreed to offer the service since inception. Fiserv projections conclude 2011 adjusted internal revenue growth to be in a range of 2 to 4%.
