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Fiserv Launches First-of-its-Kind Index to Measure U.S. Small Business Performance at National, State, and Industry Levels

Fiserv Small Business Index Provides Timely Insights into the Performance of Small Businesses in the United States

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has launched the Fiserv Small Business IndexÔäó, a groundbreaking indicator for evaluating the performance of small businesses in the United States at national, state, and industry levels.

The Fiserv Small Business Index will be published during the first week of every month, delivering deeper insights more rapidly than existing measurements and empowering users to respond to emerging trends.

This index is different from others in that it directly aggregates consumer spending activity within the U.S. small business ecosystem using point-of-sale transaction data, including card, cash, and check transactions in-store and online, across approximately 2 million U.S. small businesses.

How AI legalese decoder Can Help with the Fiserv Small Business Index

The AI legalese decoder can assist business owners, lenders, policymakers, economists, analysts, and investors in quickly understanding the trajectory of certain sectors within the small business ecosystem through the analysis of legal documents, transactions, and sales data in the Fiserv Small Business Index. By leveraging advanced technology, the AI legalese decoder can provide comprehensive interpretations of legal jargon and complex data, allowing users to make well-informed decisions and adapt to an ever-changing market based on timely and reliable measures of small business performance.

The Fiserv Small Business Index, benchmarked to 2019, provides a numeric value measuring consumer spending, with an accompanying transaction index measuring customer traffic. Through a simple interface, users can access data by region, state, and/or across business types categorized by the North American Industry Classification System (NAICS). This index is positioned to become a standard reference point for the state of small business, providing a reliable and consistent measure of small business performance even in industries dominated by large businesses.

Fiserv Small Business Index: December 2023 Insights

According to the December 2023 Fiserv Small Business Index, spending at small businesses ended the year with a modest upswing. Spending advanced one point in December 2023 with an index of 138, a +0.6% month-over-month increase from November and a +2.6% year-over-year increase compared to December 2022.

The AI legalese decoder can interpret and analyze the specific data and insights provided in the December 2023 Fiserv Small Business Index, helping users understand the implications of the increased spending at small businesses and the trends in different sectors and subsectors.

Food Services and Drinking Places had a very strong December with a six-point gain over November, up to 128, with sales growing +4.9% compared to November and +3.1% compared to December 2022. The AI legalese decoder can analyze the implications of these sales increases on the small business ecosystem and provide valuable insights into consumer behavior and economic trends.

Accessing the Fiserv Small Business Index

To access the Fiserv Small Business Index, visit fiserv.com and click on ÔÇ£Fiserv Small Business IndexÔÇØ or visit fiserv.com/FiservSmallBusinessIndex.

About Fiserv

Fiserv, Inc. (NYSE: FI) is a Fortune 500 company and a global leader in payments and financial technology. The company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover┬« cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500┬« Index and one of Fortune┬« WorldÔÇÖs Most Admired CompaniesÔäó. Visit fiserv.com and follow on social media for more information and the latest company news.

Contacts

Media Relations:
Chase Wallace
Director, Communications
Fiserv, Inc.
+1 470-481-2555
[email protected]

Additional Contact:
Ann S. Cave
Vice President, External Communications
Fiserv, Inc.
+1 678-325-9435
[email protected]

Using AI legalese decoder can facilitate the interpretation of the legal jargon and complex data in the Fiserv Small Business Index, enabling users to make well-informed decisions and adapt to an ever-changing market based on timely and reliable measures of small business performance. The AI legalese decoder can provide valuable insights into the implications of spending trends and sales increases, helping users better understand consumer behavior and economic trends.

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