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Fiserv Inc. Wednesday reported second-quarter net income of $140 million, up 40% from $100 during the same period last year. Revenue for the quarter ended JUNE 30? was $1.03 billion, down 20.2% from $1.29 billion. The Brookfield, Wis.-based company showed some positive signs despite tough economic conditions. "Electronic bill-payment sales were again strong," Jeff Yabuki, Fiserv CEO and president, said yesterday during a conference call with analysts. The company says it expanded its payments reach during the quarter by signing 102 clients for electronic bill payment and 58 clients for electronic funds transfer/debit services. New clients include the National City card portfolio of PNC Bank, Yabuki says. PNC announced plans to acquire National City in 2008. Fiserv expects to start converting those cards before the end of the year. "We continue to gain momentum with next-generation banking products such as Corillian Online and Mobile Money, which provide consumers a differentiated best-in-class digital experience," Yabuki said. Fiserv plans to continue to invest long term in "areas such as EFT and debit, analytics, the large credit-union market, and several more," he added.

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