Fiserv had missed some performance metrics for the second quarter, and its leaders are reviewing all its products and services. "The evolution of core platforms has allowed smaller institutions to operate with levels of sophistication once reserved for larger banks," Fiserv stated in its letter. "Lower Argentina anticipation revenue negatively impacted 2Q26 Clover revenue by approximately 2%." Management maintained its medium-term outlook for 10% to 15% GPV growth and 15% to 20% revenue growth for Clover. "The good news revealed on today's call is that, despite the tough backdrop, Fiserv is plowing forward and backing Clover growth initiatives," Philliou said.