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

1. Fiserv acquired Payfare, enhancing its financial solutions offerings. 2. Payfare's team strengthens Fiserv's capabilities in program management.

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-3.33%Current Return
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-2.04%S&P 500
$235.6903/03 07:32 AM EDTEvent Start
$227.8403/04 02:10 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions typically bolster companies' capabilities and market presence. Historical examples include Visa's acquisition of PayPal, which enhanced its digital payment services.

How important is it?

The acquisition aligns with Fi's strategic growth, making it likely to impact stock performance positively.

Why Long Term?

The integration of Payfare's technology will improve Fiserv's offerings over time, leading to potential revenue growth.

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PAYVMA
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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