A clinch-in fastener with a cylindrical body having a top, a bottom, sides and an axial internal bore. The fastener has a single shank at the bottom end of the body having a top surface orthogonal to the bore and a chamfer tapering to the bottom of the body. The top surface of the shank is adapted for receiving the cold flow of material surrounding a receiving hole of a workpiece. The shank may have a plurality of notches in its outermost edge that extend through both the top surface of the shank and the chamfer. The bore of the fastener extends completely through the fastener body from top to bottom and may be threaded. A fastener installation system having a tool with means for affixation to a rotary and vertically reciprocal element of an industrial machine. The tip of the tool has a distal end face with at least one arcuate displacer adapted for deforming a workpiece as the tool rotates and is pressed against the workpiece. A bore within the tip holds a fastener installed by the tool. The displacer is vertically and radially tapered along an arcuate ridge centered about the axial bore. The width of the displacer is also tapered to a point.

Tooling is held within the nose of a rotary punch and as the tool is rotated and forced against a workpiece a fastener within the tool becomes affixed to the workpiece. The tools have displacers which non-destructively deform and reshape the workpiece without any loss of workpiece material. The tools have various types of displacers including: tapered and arcuate displacers which act in concert to progressively act upon the workpiece; spherical displacers which may be fixed. or a full-circle displacer ring which wobbles as it presses against the workpiece. In the case of fixed spherical displacers, a multi-stroke method can be employed where the tool is rotated after each stroke in a group of installation strokes.