U.S. senators Elizabeth Warren and Ron Wyden are pressing payments processor Fiserv to divulge information about how the company was run by ex-CEO Frank Bisignano, alleging mismanagement.
They’re concerned about possible past missteps by Bisignano, given he’s now leading the Social Security Administration, and last month was also appointed CEO of the Internal Revenue Service. Bisignano, who was also Fiserv’s chairman and president, held the CEO post between July 2020 and May 2025, when he left to join the Trump administration.
“Mr. Bisignano appears to have failed to manage Fiserv effectively, and may have misled investors and the public about the company’s financial status, raising concerns about his ability to serve as a key Social Security and IRS official in the Trump Administration,” the senators said in a Friday press release.
A spokesperson for Fiserv didn’t immediately respond Friday to a request for comment on the senators’ inquiry.