Payments News

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Companies

Fiserv-First Data Deal Set to Close

“Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. “We’ve received all required regulatory approvals and plan to close the transaction on July 29,” Jeffery Yabuki, Fiserv’s president and CEO, told analysts in an earnings conference call this week.”

On The Wires

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Companies

Financial Institutions Get Fit for Open Banking with Fiserv

“The move toward open banking, driven by the European Union’s Second Payment Services Directive (PSD2) and the United Kingdom’s Open Banking Implementation Entity (OBIE), will transform financial services. As a result of these regulations consumers will be able to access financial information and initiate certain transactions previously only available through financial institutions through other parties they trust and […]
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Companies

Fiserv to Acquire Third-Party Debit Processing Solutions of Elan Financial Services

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has agreed to acquire the debit card processing, ATM Managed Services and MoneyPass® surcharge free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB). The acquisition will further enhance the value proposition of Fiserv, deepen its presence in […]
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Companies

‘Dine and Dash’ Redefined With New Clover Scan to Pay Feature

“Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover® platform from Fiserv, Inc.  With Scan to Pay, guests use their iPhone camera to scan a Clover-generated QR code at the bottom of their receipt to pay their restaurant […]