One of Wisconsin's largest public companies is dedicating millions of dollars and point-of-sale technology to small businesses impacted by shutdowns due to the Covid-19 pandemic, along with social unrest.
Through its Back2Business initiative, Fiserv Inc., the Brookfield-based payments and financial services technology company, is committing $10 million for financial support in the form of grants, business expertise, connections to lenders and point-of-sale technology through its Clover device and hand-held Clover Flex device.
The initiative launched in June, said Fiserv CEO Frank Bisignano on Wednesday. The initiative focuses on helping minority-owned and Black-owned businesses in areas that have been hardest hit by the pandemic and social unrest. Fiserv is working with various chambers of commerce to distribute those grants.
The platform is already active in Brooklyn and Queens, two borough in New York City, and will expand to other markets, such as Atlanta, Chicago, Miami and Oakland in the coming weeks and months, Bisignano said.
"We have already brought business coaching and payment solutions to hundreds of businesses and expect to help multiple more as that program expands," Bisignano said
Fiserv (Nasdaq: FISV) employs more than 40,000 worldwide and generated more than $10 billion in revenue in 2019.
Largest Corporate Charitable Contributors in Wisconsin
The Marcus Corp.
2018 cash contributions in Wisconsin: $1.96 million
Photo: Marcus Corp. CEO Greg Marcus (right) with Saint Kate general manager David Bodette
Brewers Community Foundation
2018 cash contributions in Wisconsin: $2.23 million
Photo: Milwaukee Brewers outfielder Ryan Braun helps build a porch as part of a Milwaukee Habitat for Humanity home building project
West Bend Mutual Insurance Co.
2018 cash contributions in Wisconsin: $2.76 million
Photo: President and CEO Kevin Steiner at the unveiling of West Bend's sponsorship of the lofts at Fiserv Forum
Associated Banc-Corp.
2018 cash contributions in Wisconsin: $2.94 million
JP Morgan Chase & Co.
2018 cash contributions in Wisconsin: $3.48 million
Green Bay Packers
2018 cash contributions in Wisconsin: $3.5 million
Photo: Packers president Mark Murphy
UnitedHealthcare of Wisconsin
2018 cash contributions in Wisconsin: $4.52 million
Rockwell Automation
2018 cash contributions in Wisconsin: $5.61 million
Photo: Blake Moret, CEO of Rockwell Automation
American Family Insurance
2018 cash contributions in Wisconsin: $6 million
Photo: American Family Insurance chairman and CEO Jack Salzwedel at Summerfest
Johnson Controls International plc
2018 cash contributions in Wisconsin: $8.89 million
Photo: Johnson Controls' Grady Crosby poses with the ceremonial donation check symbolizing the company's philanthropic commitment to Milwaukee in 2019.
Husco International
2018 cash contributions in Wisconsin: $9.45 million
Photo: Austin Ramirez, CEO of Husco International at the St. Augustine Prep gala
WEC Energy Group
2018 cash contributions in Wisconsin: $15.02 million
Photo: Gale Klappa of WEC Energy Group
