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Fiserv Signs Definitive Agreement to Acquire StoneCastle Cash Management

1. Fiserv announced the acquisition of StoneCastle Cash Management. 2. This deal enhances Fiserv's capabilities in providing deposit funding solutions.

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FAQ

Why Bullish?

Acquisitions typically lead to growth and expansion opportunities, similar to PayPal's purchase of Braintree enhancing payment capabilities.

How important is it?

The acquisition can significantly enhance FI's market position, making it more competitive in the financial services sector.

Why Long Term?

The integration of StoneCastle will likely provide sustained benefits over time, akin to other strategic acquisitions that strengthened market position.

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MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it has signed a definitive agreement to acquire StoneCastle Cash Management. StoneCastle enables its network of depository institutions, primarily community banks and credit unions, to easily access stable, cost-efficient deposit funding from thousands of businesses and enterprise customers holding cash balances. This acquisition enables Fiserv to become.

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