New Fiserv CEO Frank Bisignano is set to take over in July and has quite the to do list ahead...
2019 has become a big year for fintech mergers and that trends look to continue for some time; payments in...
Fiserv‘s acquisition of First Data points to the power of fintech and the threat it poses to more traditional payments...
US regulators did not sign off on Ant Financial’s acquisition of MoneyGram, but this won’t hamper their US ambitions; Last May Ant Financial did a deal with First Data, the payment infrastructure company; Ant Financial has been largely successful in China due to the unique financial system there; in the US they face other challenges which includes a more developed financial system with legacy players; it remains to be seen whether the eventual leaders in the US will be technology companies like Amazon, something we’ve seen happen in China. Source
Fiserv saw $3.7bn in revenue for Q4 2019 with First Data accounting for 61 percent of that total or $2.2bn;...
The Wall Street Journal is reporting that Facebook has been quietly working on a new cryptocurrency-based payments system. Dubbed Project...
In an all-stock transaction of $22 billion, Fiserv has acquired First Data. The acquisition will allow Fiserv to now offer a...
Ant Financial announced at Money 20/20 a partnership with payment processor First Data and hardware provider Verifone; new move will expand scope of their wallet product, AliPay, into North America and Europe for wealthy Chinese travelers; AliPay has 450 million active users, totaling nearly 70% of the third party payment market in China. Source