In The Motley Fool's "11 O'Clock Stock" series, we'll recommend a new stock every weekday at 11 a.m. ET on Fool.com over the next 50 weekdays. Co-founder Tom Gardner explains the series here. In the video below, Motley Fool Inside Value advisor Joe Magyer reveals why he thinks today's recommendation, Fiserv (Nasdaq: FISV), is a great way to get into the banking world without all the risk.

Fiserv is responsible for many of the essential back-end services banks need to run smoothly. These are services banks need regardless of economic conditions, which creates a recurring revenue base. Fiserv commands a strong position in the industry against competitors Fidelity National (NYSE: FIS) and Jack Henry & Associates (Nasdaq: JKHY). Magyer believes that industry's scale and switching costs ensure that Fiserv will remain dominant for years to come.