Fiserv Completes Securities Sales
BROOKFIELD, Wis. - Fiserv has finalized the sale of its securities clearing operation, BHC Investments, Inc., to Fidelity Global Brokerage Group, Inc., parent company of National Financial. The $345 million deal effectively ends Fiserv's presence in the securities processing arena. Fiserv of course is a major player in the credit union industry with seven core processing subsidiaries. Its other core industries served include health care, insurance, lending, and trust services. It is also the largest third-party item processor in the country.