Fiserv Broadens Offerings With $22B First Data Acquisition
In an all-stock transaction of $22 billion, Fiserv has acquired First Data. The acquisition will allow Fiserv to now offer a range of payments and financial services, including account processing and digital banking solutions; card issuer processing and network services; e-commerce; integrated payments; and the Clover cloud-based point-of-sale solution. “We admire First Data for its excellence in merchant acquiring and global issuing services, and the tremendous progress they have made under Frank’s [Bisignano, CEO] leadership,” said Jeffery Yabuki, president and CEO of Fiserv. Source.