Frank Bisignano Named CEO of Financial Tech Firm Fiserv (1)

Fiserv Inc. promoted Frank Bisignano to chief executive officer of the financial technology and payments firm, replacing longtime leader Jeffery Yabuki.

Bisignano was previously CEO of First Data Corp. and joined Fiserv as chief operating officer when it bought First Data last year for $22 billion, a deal that kicked off a wave of merger activity in the payments space. More recently, Bisignano has been spearheading the firm’s response to the coronavirus pandemic, which has crimped consumer spending nationwide while much of the U.S. remains under shelter-in-place orders.

Yabuki, who has led Fiserv since 2005, will remain executive chairman ...