Fiserv’s Emerge award delayed, but not in danger

Application, which was pulled from EDA agenda for Wednesday meeting, could be reviewed in special board meeting in coming weeks

The Emerge Program application for Fortune 500 fintech company Fiserv was pulled from the agenda of Wednesday’s Economic Development Authority board meeting, but the incentive that would help the company open an office in Berkeley Heights that will support 3,000 jobs is still moving forward, three people with knowledge of the situation told ROI-NJ.

EDA spokesperson Virginia Pellerin said the application process is ongoing and that Fiserv’s application may be heard in the coming weeks.

“Additional time was required to review the Fiserv Emerge application,” she said. “Projects are presented to the board when our analysis is complete.”

The next scheduled EDA board meeting is Oct. 13. Pellerin, however, said a meeting could be held before then.

“Given the importance of this project, we expect to schedule a special board meeting next week for this item’s consideration,” she said.

Fiserv, based in Brookfield, Wisconsin, already has a number of smaller offices in the state, including a location in Jersey City.

Fiserv is a leading global provider of payments and financial services technology solutions. According to the company’s website, Fiserv has more than 1.4 billion global accounts and handles more than 12,000 financial transactions per second.

Fiserv, which had revenues of just under $15 billion in 2020, was trading Wednesday morning at $108.74 on the Nasdaq.