Fiserv Shares Are Trading Higher Tuesday: Here's Why

Fiserv Inc (NYSE:FI) shares are trading higher Tuesday after Mastercard Inc (NYSE:MA) announced plans to deepen its partnership with the company.

What Happened: Mastercard said it will integrate Fiserv’s new FIUSD token across a range of Mastercard products and services, bringing the blockchain-based token to over 150 million merchants.

The companies plan to explore opportunities for stablecoin use including enabling FIUSD as a settlement option, leveraging Mastercard’s multi-token network and powering stablecoin-linked cards.

“This work with Fiserv is setting the stage for a new era, where stablecoins are as ubiquitous and trusted as fiat currencies, driving choice and innovation for all,” said Chiro Aikat, co-president of the Americas at Mastercard.

“Leveraging the power of the Mastercard network, as well as our deep capabilities across digital assets, we are creating a robust ecosystem that bridges traditional financial services with digital assets.”

See Also: Fiserv, PayPal Expand Partnership To Advance Stablecoin Payments

How To Buy FI Stock

By now you're likely curious about how to participate in the market for Fiserv – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

FI Price Action: Fiserv shares were up 4.02% at $177.39 at the time off publication Tuesday, according to Benzinga Pro.

Photo: Shutterstock.