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Fiserv Enhances Its Embedded Finance Solutions by Closing the Acquisition of Payfare

1. Fiserv completes acquisition of Payfare to enhance financial solutions. 2. Integration aims to strengthen card program management for new economy workforces.

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FAQ

Why Bullish?

Acquisitions typically enhance market position and revenue potential, evidenced by similar past mergers in tech.

How important is it?

The acquisition aligns with Fiserv's strategy and suggests growth potential, likely driving investor interest.

Why Long Term?

The benefits from this acquisition will materialize over several quarters as integration occurs and synergies are realized.

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PAY
MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced it has completed its acquisition of Payfare Inc. (TSX:PAY), a provider of program management solutions with a particular focus on new economy workforces. Payfare's co-founders and employees are now part of the Fiserv team. This acquisition complements Fiserv's existing embedded financial solutions with card program management and a white-label c.

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