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Fiserv Expands Clover Offerings for Hospitality with CardFree Acquisition

1. Fiserv acquires CardFree to enhance Clover®'s capabilities for merchants. 2. The acquisition strengthens Fiserv's position in supporting growing small businesses.

M&A
-0.34%Current Return
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-0.14%S&P 500
$135.95509/04 02:06 PM EDTEvent Start
$135.4909/05 11:36 AM EDTLatest Updated
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FAQ

Why Bullish?

Historically, strategic acquisitions enhance company capabilities and market position, often leading to increased stock valuations. This move directly positions Fiserv to capture greater market share in the small business payment solutions sector.

How important is it?

The acquisition of CardFree is likely to positively impact Fiserv's financial trajectory as it enhances its service offerings, making it more competitive.

Why Long Term?

This acquisition is expected to yield benefits as Fiserv integrates CardFree's solutions and expands its client base over time, similar to how successful past integrations have bolstered growth.

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CLOVVMA
MILWAUKEE & SAN FRANCISCO--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it has acquired CardFree, an all-in-one platform empowering merchants with customized order, pay, and loyalty solutions. This transaction enhances the capabilities of Clover®, the world's smartest point-of-sale solution, to support small businesses as they grow into larger, multi-location merchants with complex technical needs. CardFree's.

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