Fiserv Announces Acquisition of First Data to Drive Innovation

Fiserv has acquired First Data for an undisclosed amount, bringing together two significant players in financial technology.

First Data, a global leader in commerce-enabling technology and solutions, serves approximately six million business locations and 4,000 financial institutions across more than 100 countries worldwide.

This transaction marks a major consolidation in the payments and merchant services sector.

Fiserv provides a broad range of payment and financial services technology.

Its offerings include Carat, a global commerce platform for large enterprises, enabling unified commerce and optimized transactions across channels.

Fiserv also supports mid-sized businesses with scalable technology and empowers small businesses through its Clover point-of-sale solutions, which streamline payment acceptance and daily operations.

Additionally, Fiserv offers comprehensive programs for ISV partners to integrate payment acceptance into their software.

The acquisition is strategically designed to expand Fiserv’s market reach and enhance its solution portfolio.

First Data’s extensive merchant network and deep expertise in commerce-enabling technologies are expected to complement Fiserv’s existing strengths in processing and digital payment solutions.

This combination aims to create substantial synergies by offering a more comprehensive suite of services, from global enterprise platforms to small business POS systems, to a wider base of financial institutions and merchants globally.

Expected synergies include integrated payment solutions, enhanced digital capabilities, and a strengthened position in both merchant acquiring and financial technology services.

By combining First Data’s client relationships and technology with Fiserv’s processing infrastructure and innovative platforms like Carat and Clover, the combined entity is positioned to deliver more value and operational efficiencies to clients worldwide.

Looking ahead, the integration of Fiserv and First Data is anticipated to result in an expanded portfolio of innovative solutions and a broader global footprint, enabling enhanced service delivery and growth opportunities across the diverse landscape of commerce and financial services.