Company designates $50 million for its Back2Business program, designed to help small minority-owned businesses affected by COVID-19 pandemic, and associated initiatives
BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that is has designated $50 million for investment in its Back2Business program and associated initiatives, an increase from an initial $10 million investment announced in 2020. Part of the Fiserv Forward Together Plan focused on diversity and inclusion, Back2Business is a multi-pronged initiative to strengthen small businesses in targeted communities, with a specific focus on supporting minority-owned businesses and investing in the ecosystem of community organizations serving diverse entrepreneurs.
“We are well into our initial $10 million commitment to the Back2Business program, and have been humbled by the tremendous stories of resiliency among the small business owners and entrepreneurs who have been part of the program,” said Frank Bisignano, President and Chief Executive Officer of Fiserv. “We’re also keenly aware that the work is not done, and the need remains great, so we are meaningfully increasing our investment in Back2Business. We are proud to continue providing much needed support to small businesses across the country.”
The Back2Business program is designed to strengthen businesses through financial support, business expertise, leading technology solutions such as the popular Clover® point-of-sale platform from Fiserv, strategic partnerships and community engagement. To date, Back2Business has launched in Milwaukee, New York City, Atlanta, and South Florida, has funded grants to minority-owned businesses, and supported diverse community organizations such as small business incubators and chambers of commerce.
“Back2Business reflects our broader commitment to be a force for good in the communities where we live and work,” said Neil Wilcox, Head of Corporate Social Responsibility at Fiserv. “Increasing our investment to support small businesses will help to strengthen these communities by providing needed resources, technology and solutions to our clients, and contributing to an ecosystem in which small business owners can thrive.”
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. 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 the Clover® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500® Index and the FORTUNE® 500, and is among FORTUNE World’s Most Admired Companies®. Visit fiserv.com and follow on social media for more information and the latest company news.
Ann S. Cave
Vice President, External Communications