Fiserv Named Merchant Acquirer of The Year for Launch of Carat

Rhea-AI Summary

Fiserv, a global provider of payments and financial services technology, was awarded Merchant Acquirer of the Year at the Merchant Payments Ecosystem (MPE) Awards. This recognition is attributed to the successful launch of Carat, an omnichannel commerce platform designed to enhance revenue and optimize costs for businesses. Carat currently processes billions of transactions globally for various retailers, aiding them in adapting to evolving customer payment preferences. The award ceremony took place during the 2022 MPE conference in Berlin, Germany.

Positive

• Awarded Merchant Acquirer of the Year, highlighting industry leadership.
• Successful launch of Carat, enhancing revenue and reducing costs.
• Proven results with leading brands, expanding market reach.
• Carat processes tens of billions of transactions globally, indicating strong usage.

Negative

• None.

Merchant Payments Ecosystem Awards recognize the achievements of top merchant payments acceptance companies

DUBLIN--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has been named Merchant Acquirer of the Year by the Merchant Payments Ecosystem (MPE) Awards. Fiserv was recognized for the highly successful debut of Carat, an omnichannel commerce operating system that helps businesses drive revenue, reduce costs and grow at global scale while delivering a seamless customer experience through a single integrated platform.

The MPE Awards recognize top merchant payments acceptance companies and their achievements and were presented as part of the 2022 Merchant Payments Ecosystem conference in Berlin, Germany.

“With Carat, we’re helping merchants enable digital payments, optimise commerce, embed financial services and scale during a time of increasingly pressing market and customer demands,” said Peter O’Halloran, Head of Enterprise & Digital Commerce for Fiserv in EMEA. “This has been a pivotal year for us and our clients across Europe and the world, who are embracing omnichannel commerce as a new way of doing business, addressing the changing ways people want to pay, from in-store to online, while enhancing customer experience and increasing conversion.”

Carat from Fiserv has proven results working with the world’s most successful brands, including enabling Aldi to launch in-store and click and collect acquiring across Europe, ExxonMobil to deliver a voice-enabled payment experience via Amazon Pay, and Selecta to offer cash-free contactless payments at unattended vending machines across 16 markets in Europe.

Currently, Carat processes tens of billions of global omnichannel transactions for merchants across North America, Latin America, Europe, Middle East and Africa and Asia Pacific, spanning multiple retail verticals.

In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

Additional Resources:

• Carat from Fiserv - carat.fiserv.com/en-emea/

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 and business management platform. Fiserv is a member of the S&P 500® Index, the FORTUNE® 500, and has been recognized as one of FORTUNE World's Most Admired Companies® for 11 of the past 14 years and named among the World’s Most Innovative Companies by Fast Company for two consecutive years. Visit fiserv.com and follow on social media for more information and the latest company news.

FISV-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20220708005101/en/

Media Relations:

Jack Hickey

Vice President, Communications

Fiserv

+35 3834 488 339

jack.hickey@fiserv.com

Additional Contact:

Mariana Tello

Manager, External Communications

Fiserv

+1 262-693-4599

mariana.tello@fiserv.com

Source: Fiserv, Inc.

FAQ

What is the significance of the Merchant Acquirer of the Year award for FISV?

The award highlights Fiserv's leadership and innovation in the merchant payments industry.

How does Carat benefit businesses?

Carat helps businesses drive revenue, reduce costs, and improve customer experiences through a seamless integrated platform.

Which companies are utilizing Carat from FISV?

Carat is being used by notable brands like Aldi, ExxonMobil, and Selecta for various payment solutions.

What does the recognition at the MPE Awards indicate about FISV's market position?

It indicates Fiserv's strong market position and commitment to advancing payment technology solutions.

When and where were the MPE Awards held?

The MPE Awards were presented during the 2022 Merchant Payments Ecosystem conference in Berlin, Germany.