For more information contact:

Media Relations:

Judy DeRango Wicks

Vice President Communications

678-375-1595

Judy.wicks@fiserv.com

Investor Relations:

Peter Holbrook

Vice President Investor Relations

262-879-5055

Peter.holbrook@fiserv.com

Adjusted internal revenue growth was 2 percent in the quarter, including 2 percent growth in the Payments segment. The Payments segment generated more than 50 percent of the company’s adjusted revenue in the quarter and the full year;

Free cash flow increased 11 percent in 2009 to a record $668 million;

Company-wide adjusted operating margin increased 110 basis points in 2009 to 28.7 percent for the year, and declined 20 basis points to 28.1 percent in the quarter compared with the fourth quarter of 2008. The decline in the adjusted operating margin in the quarter was primarily related to an increase in the amount of the company’s discretionary profit sharing accrual compared to 2008;

Adjusted operating margin in the Payments segment increased 170 basis points in 2009 to 31.7 percent and 80 basis points to 32.1 percent in the quarter compared with the fourth quarter of 2008, primarily due to growth in higher-margin revenue and continued operational efficiencies associated with the CheckFree acquisition;

The Financial segment operating margin increased 190 basis points in 2009 to 29.3 percent and 90 basis points to 28.5 percent in the quarter compared with the fourth quarter of 2008, primarily due to favorable business mix, ongoing cost efficiencies and strength in the account processing business;

The company continued to expand its payments footprint by signing 113 electronic bill payment clients in the quarter and 407 clients for the year. The company also added 51 debit clients in the fourth quarter, for a total of 215 new clients in 2009;

The company completed the previously announced dispositions of its Loan Fulfillment Solutions business and the final portion of the Fiserv ISS business in the fourth quarter of 2009;

For the fifth time in the last six years, Fiserv was ranked number one on the FinTech 100 by IDC Financial Insights, American Banker and Bank Technology News;

The company repurchased 1.1 million shares of its common stock in the quarter and 4.1 million shares in 2009. The company also repaid $140 million of debt in the quarter and $475 million in 2009;

The number of accounts using the market-leading Investment Services APL^SM platform topped three million for the first time in its history;

The company signed a number of new and expanded client relationships in the quarter:

Bank of the West, a $64 billion institution based in San Francisco, California, recently enhanced its online banking service with the Voyager^® Consumer Banking solution from Fiserv. The bank is currently implementing CheckFree^® RXP^SM, a bill pay solution from Fiserv, to further enhance its online service by tightly integrating online banking and bill pay into a more seamless and intuitive online experience for their customers, driving greater adoption, retention and profitability. The bank also utilizes lending and item processing solutions from Fiserv.

Christian Community Credit Union, a $520 million institution based in San Dimas, California, will become the first U.S. credit union to implement the Acumen™ account processing solution from Fiserv. Leaders for Christian Community chose Acumen because of the platform’s flexible, modern architecture and its ability to support commercial accounts, which are important to serving the credit union’s 30,000 members.

Desert Schools Federal Credit Union, a $3 billion institution headquartered in Phoenix, Arizona, signed a multi-year agreement with Fiserv for the award-winning CheckFree RXP bill payment and presentment solution. Desert Schools FCU has 360,000 members and more than 60 locations.

First Bank, a $10.8 billion institution headquartered in Clayton, Missouri, signed a multi-year agreement for Corillian^® Online, CheckFree RXP and Mobile Money^TM from Fiserv.

Mutual of Omaha Bank, a full-service bank with $4 billion in assets, implemented the Signature^TM bank platform from Fiserv. In addition to this Fiserv account processing solution, the bank chose a suite of Fiserv solutions including online banking, online bill payment, commercial cash management, EFT, card management, item processing, content management, treasury management, and risk and performance management solutions.

Space Coast Credit Union, a $3.1 billion institution headquartered in Melbourne, Florida, signed a multi-year agreement with Fiserv. With 360,000 members, 61 branches and 140 ATMs, Space Coast will operate account processing, online banking, EFT, debit, credit and ATM solutions from Fiserv.

Tesco Bank, the largest supermarket bank in the United Kingdom, with more than six million customers and 28 financial products and services, selected Fiserv to provide its account processing solution with the Signature bank platform.

Wells Fargo Bank, the fourth largest financial institution in the United States with $1.2 trillion in assets, signed an agreement for a bundle of ACH Solutions from Fiserv. Building on a foundation of an already successful partnership, the bank has also enhanced its agreement for check clearing and settlement using the Fiserv Clearing Network.

Westoba Credit Union in Brandon, Manitoba selected the Acumen account processing solution from Fiserv. Westoba has $900 million in assets and serves 34,000 members from 21 locations throughout western Manitoba. The credit union will also implement ConvergeIT^® and the IVR audio response system and solutions from the Wisdom™ accounting suite from Fiserv.

Revenues

Processing and services

Product

Total revenues

Expenses

Cost of processing and services

Cost of product

Selling, general and administrative

Total expenses

Operating income

Interest expense - net

Loss on sale of businesses ⁽¹⁾

Income from continuing operations before income taxes and income from investment in unconsolidated affiliate

Income tax provision ^{(1) (2)}

Income from investment in unconsolidated affiliate ⁽¹⁾

Income from continuing operations

Income (loss) from discontinued operations

Net income

GAAP earnings (loss) per share

Continuing operations ^{(1) (2)}

Discontinued operations

Total

Diluted shares used in computing earnings (loss) per share

In connection with the sale of a 51 percent interest in Fiserv Insurance (n/k/a StoneRiver, Inc.) in July 2008, the company recorded a pre-tax loss on the sale of its majority interest of $21 million and a related income tax provision of $34 million, resulting in a net after-tax loss of $55 million ($0.34 per share). Following the sale, the company reported its 49 percent share of net income in Fiserv Insurance as “income from investment in unconsolidated affiliate.” The financial results for 2008 include the revenue and operating income of Fiserv Insurance as disclosed on page 8.

The income tax provision in 2009 includes an income tax benefit of $7 million ($0.04 per share) recognized for GAAP purposes in the third quarter in conjunction with the final settlement of a CheckFree purchase accounting income tax reserve.

GAAP income from continuing operations

Adjustments:

Merger costs and other adjustments ⁽¹⁾

Severance costs

Amortization of acquisition-related intangible assets

Tax benefit of adjustments

Tax settlement ⁽²⁾

Loss on sale of businesses, net of tax

Adjusted income from continuing operations

GAAP earnings per share - continuing operations

Adjustments - net of income taxes:

Merger costs and other adjustments ⁽¹⁾

Severance costs

Amortization of acquisition-related intangible assets

Tax settlement ⁽²⁾

Loss on sale of businesses

Adjusted earnings per share - continuing operations

Merger costs and other adjustments include integration project management, retention bonuses and other expenses primarily associated with the acquisition of CheckFree, and deferred revenue adjustments based on the purchase price allocation for the CheckFree acquisition for which the company estimated the fair value of deferred revenue from license fees and other client payments. The deferred revenue adjustments, as reflected on page 8, represent revenue that would have been recognized by CheckFree or companies it acquired consistent with past practices, which the company did not record due to GAAP purchase accounting requirements. In the fourth quarter of 2009, the $0.04 net adjustment was primarily related to the reversal of a pre-acquisition liability associated with the acquisition of CheckFree.

Represents a GAAP income tax benefit recognized in the third quarter of 2009 in conjunction with the final settlement of a CheckFree purchase accounting income tax reserve. Adjusted EPS excludes this positive income tax benefit.

Total Company

Revenues

Fiserv Insurance ⁽¹⁾

Output solutions postage reimbursements

Deferred revenue adjustment

Adjusted revenues

Operating income

Fiserv Insurance ⁽¹⁾

Merger costs and other adjustments

Severance costs

Amortization of acquisition-related intangible assets

Adjusted operating income

Operating margin

Adjusted operating margin

Financial Institution Services (“Financial”)

Revenues

Operating income

Operating margin

Payments and Industry Products (“Payments”)

Revenues

Output solutions postage reimbursements

Adjusted revenues

Operating income

Operating margin

Adjusted operating margin

Corporate and Other

Revenues

Deferred revenue adjustment

Adjusted revenues

Operating loss

Merger costs and other adjustments

Severance costs

Amortization of acquisition-related intangible assets

Adjusted operating loss

In July 2008, Fiserv completed the sale of a 51 percent interest in Fiserv Insurance.

Cash flows from operating activities

Net income

Adjustment for discontinued operations

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and other amortization

Amortization of acquisition-related intangible assets

Share-based compensation

Deferred income taxes

Loss on sale of businesses

Other non-cash items

Changes in assets and liabilities, net of effects from acquisitions and dispositions:

Trade accounts receivable

Prepaid expenses and other assets

Accounts payable and other liabilities

Deferred revenues

Net cash provided by operating activities

Cash flows from investing activities

Capital expenditures, including capitalization of software costs

Investment in unconsolidated affiliate

Payment for acquisitions of businesses, net of cash acquired

Proceeds from sale of businesses, net of cash sold and expenses paid

Other investing activities

Net cash (used in) provided by investing activities

Cash flows from financing activities

Repayments of long-term debt

Issuance of common stock and treasury stock

Purchases of treasury stock

Other financing activities

Net cash used in financing activities

Change in cash and cash equivalents

Net cash transactions from discontinued operations

Beginning balance

Ending balance

Cash flows from discontinued operations are excluded from the above Condensed Consolidated Statements of Cash Flows.

Income from continuing operations

Depreciation and other amortization

Amortization of acquisition-related intangible assets

Share-based compensation

Pre-tax loss on sale of businesses

Capital expenditures

Free cash flow before changes in working capital

Changes in working capital-net

Non-recurring and other items

Free cash flow

Net cash provided by operating activities

Capital expenditures

Non-recurring and other items

Free cash flow

Assets

Cash and cash equivalents

Trade accounts receivable – net

Deferred income taxes

Prepaid expenses and other current assets

Assets of discontinued operations held for sale ⁽¹⁾

Total current assets

Property and equipment – net

Intangible assets – net

Goodwill

Other long-term assets

Total

Liabilities and Shareholders’ Equity

Accounts payable and accrued expenses

Current maturities of long-term debt

Deferred revenues

Liabilities of discontinued operations held for sale ⁽¹⁾

Total current liabilities

Long-term debt

Deferred income taxes

Other long-term liabilities

Total Liabilities

Shareholders’ Equity

Total

The company completed the previously announced dispositions of its Loan Fulfillment Solutions business and the final portion of the Fiserv Investment Support Services business in the fourth quarter of 2009.

Adjusted Internal Revenue Growth ⁽¹⁾

Financial Segment ⁽²⁾

Payments Segment

Total Company ⁽²⁾

Adjusted internal revenue growth percentages are measured as the change in adjusted revenue (see page 8) for the current period less “acquired revenue from acquisitions” divided by adjusted revenue from the prior year period plus “acquired revenue from acquisitions.” “Acquired revenue from acquisitions” was $7 million ($6 million in the Financial segment and $1 million in the Payments segment) for the fourth quarter of 2009 and $27 million ($23 million in the Financial segment and $4 million in the Payments segment) for the full year 2009 and represents pre-acquisition adjusted revenue of acquired companies for the comparable prior year period.

Contract termination fee revenue in the Financial segment declined by $7 million in the fourth quarter to $1 million, and declined by $35 million to $7 million for 2009. Excluding the decline in termination fee revenue, adjusted internal revenue for the Financial segment would have grown by 2 percent in the fourth quarter and declined by 2 percent for the full year. Contract termination fee revenue for the total company declined by $8 million in the fourth quarter to $1 million and declined by $38 million to $8 million for the full year. Excluding the decline in termination fee revenue, adjusted internal revenue for the total company would have remained up 2 percent in the fourth quarter and would have been flat for the full year.

Fiserv 2.0 Metrics

(in millions)

Integrated Sales ⁽¹⁾

Operational Effectiveness ⁽²⁾

Selected Electronic Payment Metrics

(in millions)

Bill Payment Transactions ⁽³⁾

Bill Payment Year-Over-Year Transaction Growth ⁽³⁾

e-Bills Delivered

e-Bill Year-Over-Year Growth

Integrated Sales targets are exclusive of amounts included in the annual sales quota and include sales from a designated list of additional products sold to account processing clients. Dollar value is the amount of estimated recurring annual revenue.

Operational Effectiveness targets represent cost savings associated with both Fiserv 2.0 and the combination of CheckFree with Fiserv. The “2009 Objective” is the total amount of savings targeted to be attained in the measurement period which is incremental to the amount attained in 2008.

Bill Payment Transactions represent online bill payment transactions occurring through financial institutions, brokerage firms or portals. Transaction growth in both the fourth quarter and full year of 2009 was 8% excluding volume associated with a remittance only client that was acquired in 2008.