Fiserv Completes Acquisition of Ondot

Rhea-AI Summary

Fiserv, Inc. (NASDAQ: FISV) has successfully completed its acquisition of Ondot Systems, Inc. This strategic acquisition strengthens Fiserv's digital capabilities, allowing it to offer an integrated suite of solutions that facilitate frictionless and personalized consumer experiences. According to CEO Frank Bisignano, this move is essential in enhancing services for clients of all sizes. Fiserv continues to be a leading provider in payments and financial technology, aiming to innovate continuously across various financial services sectors.

Positive

• Acquisition of Ondot Systems expands digital capabilities.
• Enhances the suite of integrated solutions for clients.
• Supports frictionless, digital-first consumer experiences.

Negative

• None.

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of Ondot Systems, Inc.

“Closing this transaction further expands our digital capabilities, enhancing our suite of integrated solutions to enable clients of all sizes to deliver frictionless, digital-first and personalized experiences to consumers,” said Frank Bisignano, President and Chief Executive Officer of Fiserv.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover^® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500^® Index and the FORTUNE^® 500 and is among FORTUNE World’s Most Admired Companies^®. Visit fiserv.com and follow on social media for more information and the latest company news.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005367/en/

FAQ

What is the significance of Fiserv's acquisition of Ondot Systems?

The acquisition enhances Fiserv's digital capabilities and integrated solutions, improving client offerings.

How will the Ondot acquisition impact Fiserv's clients?

Clients will benefit from enhanced digital solutions that facilitate personalized and seamless consumer experiences.

When was the acquisition of Ondot Systems completed by Fiserv?

The acquisition was announced as completed in the recent press release by Fiserv.

What does the acquisition of Ondot Systems mean for FISV stock?

The acquisition could potentially increase FISV's market value by enhancing its digital solutions and client offerings.