#payments-technology

#payments-technology

Payments is an industry that rarely stands still, and Sri Shivananda has spent enough time in its trenches to know how fast the ground can shift. Now Global Head of Payments Technology at J.P. Morgan Payments, his reflections on leadership and innovation cut through the usual hype. Shivananda's career - from PayPal and eBay to one of the world's largest banks - gives him a long view of how payments and its underlying tech have evolved.

Adjusted EPS came in at $2.04, well below the $2.72 consensus estimate. Revenue landed at $5.26 billion against an expected $5.52 billion. The miss was broad-based, with Merchant Solutions delivering $2.59 billion in revenue (up 5% year over year) while Financial Solutions contracted 3% to $2.33 billion. That segment weakness is the real concern here. Financial Solutions represents a meaningful portion of the business, and a year-over-year decline signals headwinds in areas where Fiserv has historically driven consistent growth.