Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

The Acquisition Playbook.

Three patterns run through FISERV's acquisitions — what it looks for, how it pays, and how it folds in what it buys.

01
Acquisition criteria
Two transformational mergers, fifteen years apart.
Fiserv's M&A is bookended by two landmark deals: the $4.4 billion all-cash CheckFree acquisition in 2007, which anchored its online-banking and electronic bill-payment franchise, and the roughly $22 billion all-stock merger with First Data in 2019, which added merchant acquiring and the Clover point-of-sale platform. Each reshaped the company and set the strategic direction for the years of tuck-ins that followed.
First Data CorporationCheckFree CorporationMerchantPro Express LLCBypass MobileInlet
02
Capital deployment
Bolt on the payments value chain through ISOs and POS software.
The bulk of Fiserv's post-First Data deals are independent sales organizations and merchant-software providers — MerchantPro, Pineapple Payments, Integrity Payments, City POS, Merchant One, CCV — plus restaurant and commerce platforms like Bypass, BentoBox, NexTable and CardFree that extend the Clover ecosystem. Many were folded into the Acceptance and Merchant segments to broaden distribution and vertical reach.
First Data CorporationCheckFree CorporationMerchantPro Express LLCBypass MobileInlet
03
Integration approach
Buy out minority stakes and globalize.
Several Fiserv deals acquire the remaining ownership interest in businesses it already partly owned — Ondot, NetPay, Finxact, European Merchant Services — consolidating control of strategically important platforms. Alongside that, recent acquisitions push Fiserv internationally, with payments and decisioning businesses in Europe (CCV, EMS), Latin America (Yacare, Skytef, Money Money) and Asia-Pacific (Pinch Payments).
First Data CorporationCheckFree CorporationMerchantPro Express LLCBypass MobileInlet

The Full Deal Book

25 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.

01 First Data Corporation · United States (First Data, formerly NYSE: FDC); New Omaha Holdings / KKR was the controlling shareholder $286M
Announced Jan 2019 Closed Jul 2019 All stock
merchant acquiringClover point-of-sale platformcard issuer processingnetwork and payment processing

First Data was a global leader in commerce-enabling technology and merchant acquiring, whose Clover point-of-sale platform and payment processing serve millions of merchants and financial institutions worldwide. all-stock transaction; 286 million Fiserv shares issued at a 0.303 exchange ratio (total purchase price reported as $46.5 billion; equity value of roughly $22 billion at announcement).

Why it was attractive
  • Brought merchant acquiring and the high-growth Clover POS platform together with Fiserv's account-processing and digital-banking franchise
  • materially expanding scale across the payments value chain
The completion of this transformative combination is a major milestone in the evolution of our companies. We have continued to identify ways in which we can deliver differentiated value to clients, associates and shareholders, and are excited to work together on fulfilling the promise of the combination.Jeffery Yabuki — Chairman and Chief Executive Officer, Fiserv
As a newly combined company, we will leverage our technology expertise and integrate our solutions to serve client needs in ways no one else can match.Frank Bisignano — President and Chief Operating Officer, Fiserv
02 CheckFree Corporation · Norcross, Georgia, USA $4.4B
Announced Aug 2007 Closed Dec 2007 All cash
online bankingelectronic bill paymentelectronic billing and payments infrastructure

CheckFree (NASDAQ: CKFR) was a leading provider of financial e-commerce services and products, including online banking, electronic bill payment, and electronic payments infrastructure and services. approximately $4.4 billion (all cash, $48.00 per share).

Why it was attractive
  • Leader in online banking and electronic bill payment
  • serving most of the largest U.S. financial institutions and processing more than one billion transactions per year
CheckFree's industry-leading payment and Internet banking capabilities will significantly accelerate our strategic transformation, extending our service platform to the largest financial institutions.Jeffery Yabuki — President and Chief Executive Officer, Fiserv
03 MerchantPro Express LLC Not disclosed
Announced Mar 2020 Closed Mar 2020 All-cash

MerchantPro Express LLC ('MerchantPro') is an independent sales organization (ISO) that provides processing services, POS equipment and merchant cash advances to businesses across the United States.

MerchantPro Express LLC ('MerchantPro') is an independent sales organization (ISO) that provides processing services, POS equipment and merchant cash advances to businesses across the United States.Fiserv FY21 Form 10-K — Acquisitions note
04 Bypass Mobile, LLC Not disclosed
Announced Mar 2020 Closed Mar 2020 All-cash

Bypass Mobile, LLC ('Bypass') is an independent software vendor and innovator in enterprise POS systems for sports and entertainment venues, food service management providers and national restaurant chains.

Bypass Mobile, LLC ('Bypass') is an independent software vendor and innovator in enterprise POS systems for sports and entertainment venues, food service management providers and national restaurant chains.Fiserv FY21 Form 10-K — Acquisitions note
05 Inlet, LLC Not disclosed
Announced May 2020 Closed May 2020 All-cash

Inlet, LLC ('Inlet') is a provider of secure digital delivery solutions for enterprise and middle-market billers' invoices and statements.

Inlet, LLC ('Inlet') is a provider of secure digital delivery solutions for enterprise and middle-market billers' invoices and statements.Fiserv FY21 Form 10-K — Acquisitions note
06 Ondot Systems, Inc. $271M
Announced Jan 2021 Closed Jan 2021 All-cash

Ondot Systems, Inc. ('Ondot') is a digital experience platform provider for financial institutions; Fiserv previously held a noncontrolling equity interest and acquired the remaining ownership interest, expanding its digital capabilities and integrated suite for financial institutions.

Ondot Systems, Inc. ('Ondot') is a digital experience platform provider for financial institutions; Fiserv previously held a noncontrolling equity interest and acquired the remaining ownership interest, expanding its digital capabilities and integrated suite for financial institutions.Fiserv FY21 Form 10-K — Acquisitions note
07 Radius8, Inc. Not disclosed
Announced Mar 2021 Closed Mar 2021 All-cash

Radius8, Inc. ('Radius8') is a provider of a platform that uses consumer location and other information to drive incremental merchant transactions, enhancing Fiserv's ability to help merchants increase sales.

Radius8, Inc. ('Radius8') is a provider of a platform that uses consumer location and other information to drive incremental merchant transactions, enhancing Fiserv's ability to help merchants increase sales.Fiserv FY21 Form 10-K — Acquisitions note
08 Pineapple Payments Holdings, LLC $207M
Announced May 2021 Closed May 2021 All-cash

Pineapple Payments Holdings, LLC ('Pineapple Payments') is an independent sales organization (ISO) that provides payment processing, proprietary technology, and payment acceptance solutions for merchants, expanding Fiserv's digital capabilities for small and mid-sized businesses.

Pineapple Payments Holdings, LLC ('Pineapple Payments') is an independent sales organization (ISO) that provides payment processing, proprietary technology, and payment acceptance solutions for merchants, expanding Fiserv's digital capabilities for small and mid-sized businesses.Fiserv FY21 Form 10-K — Acquisitions note
09 Spend Labs Inc. Not disclosed
Announced Jun 2021 Closed Jun 2021 All-cash

Spend Labs Inc. ('SpendLabs') is a mobile-native, cloud-based software provider of commercial card payment solutions, expanding Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.

Spend Labs Inc. ('SpendLabs') is a mobile-native, cloud-based software provider of commercial card payment solutions, expanding Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.Fiserv FY21 Form 10-K — Acquisitions note
10 Integrity Payments, LLC Not disclosed
Announced Oct 2021 Closed Oct 2021 All-cash

Integrity Payments, LLC ('AIP') is a business (an ISO) that promotes payment processing services for merchants and is included within Fiserv's Acceptance segment.

Integrity Payments, LLC ('AIP') is a business (an ISO) that promotes payment processing services for merchants and is included within Fiserv's Acceptance segment.Fiserv FY21 Form 10-K — Acquisitions note
11 NetPay Solutions Group Not disclosed
Announced Nov 2021 Closed Nov 2021 All-cash

NetPay Solutions Group ('NetPay') is a multi-channel payment service provider offering capabilities around onboarding, customer lifecycle, risk management, and settlement to businesses of all sizes; Fiserv acquired the remaining ownership interest.

NetPay Solutions Group ('NetPay') is a multi-channel payment service provider offering capabilities around onboarding, customer lifecycle, risk management, and settlement to businesses of all sizes; Fiserv acquired the remaining ownership interest.Fiserv FY21 Form 10-K — Acquisitions note
12 BentoBox CMS, Inc. $317M
Announced Nov 2021 Closed Nov 2021 All-cash

BentoBox CMS, Inc. ('BentoBox') is a digital marketing and commerce platform that helps restaurants connect with their guests, expanding Fiserv's Clover dining solutions and commerce and business management capabilities.

BentoBox CMS, Inc. ('BentoBox') is a digital marketing and commerce platform that helps restaurants connect with their guests, expanding Fiserv's Clover dining solutions and commerce and business management capabilities.Fiserv FY21 Form 10-K — Acquisitions note
13 Finxact, Inc. $645M
Announced Apr 2022 Closed Apr 2022 All-cash

Finxact, Inc. ('Finxact') is a developer of cloud-native banking solutions powering digital transformation throughout the financial services sector; Fiserv acquired the remaining majority controlling ownership interest, advancing its digital banking strategy across account processing, digital and payments solutions.

Why it was attractive
  • Cloud-native core banking platform that advances Fiserv's digital banking strategy
Finxact, Inc. ('Finxact') is a developer of cloud-native banking solutions powering digital transformation throughout the financial services sector; Fiserv acquired the remaining majority controlling ownership interest, advancing its digital banking strategy across account processing, digital and payments solutions.Fiserv FY22 Form 10-K — Acquisitions note
14 The LR2 Group, LLC (City POS) Not disclosed
Announced Jun 2022 Closed Jun 2022 All-cash

The LR2 Group, LLC ('City POS') is an ISO that promotes payment processing services and facilitates the sale of POS equipment for merchants, expanding the reach of Fiserv's merchant services business.

The LR2 Group, LLC ('City POS') is an ISO that promotes payment processing services and facilitates the sale of POS equipment for merchants, expanding the reach of Fiserv's merchant services business.Fiserv FY22 Form 10-K — Acquisitions note
15 NexTable, Inc. Not disclosed
Announced Sep 2022 Closed Sep 2022 All-cash

NexTable, Inc. ('NexTable') is a provider of cloud-based reservation and table management solutions for restaurants, expanding Fiserv's end-to-end restaurant solutions.

NexTable, Inc. ('NexTable') is a provider of cloud-based reservation and table management solutions for restaurants, expanding Fiserv's end-to-end restaurant solutions.Fiserv FY22 Form 10-K — Acquisitions note
16 Merchant One, Inc. $302M
Announced Dec 2022 Closed Dec 2022 All-cash

Merchant One, Inc. ('Merchant One') is an independent sales organization (ISO) focused on acquiring merchants in the restaurant, retail and e-commerce industries using a mix of direct and digital marketing strategies, enhancing Fiserv's merchant distribution.

Merchant One, Inc. ('Merchant One') is an independent sales organization (ISO) focused on acquiring merchants in the restaurant, retail and e-commerce industries using a mix of direct and digital marketing strategies, enhancing Fiserv's merchant distribution.Fiserv FY22 Form 10-K — Acquisitions note
17 OrangeData S.A. (Yacare) · Argentina Not disclosed
Announced Dec 2022 Closed Dec 2022 All-cash

OrangeData S.A. ('Yacare') is an Argentina-based payment service provider that enables customers to transact at merchant locations using QR codes, enhancing Fiserv's instant payment transaction capabilities.

OrangeData S.A. ('Yacare') is an Argentina-based payment service provider that enables customers to transact at merchant locations using QR codes, enhancing Fiserv's instant payment transaction capabilities.Fiserv FY22 Form 10-K — Acquisitions note
18 European Merchant Services B.V. · Netherlands $56M
Announced Sep 2023 Closed Sep 2023 All-cash

European Merchant Services B.V. is a Netherlands-based merchant acceptance business; Fiserv acquired the remaining 49% ownership interest for $56 million. Fiserv previously held a majority controlling interest, which continued to be consolidated within the Acceptance segment. $56 million (remaining 49% interest).

European Merchant Services B.V. is a Netherlands-based merchant acceptance business; Fiserv acquired the remaining 49% ownership interest for $56 million. Fiserv previously held a majority controlling interest, which continued to be consolidated within the Acceptance segment.Fiserv FY23 Form 10-K — Acquisitions note
19 Skytef Solucoes em Captura de Transacoes Ltda Not disclosed
Announced Oct 2023 Closed Oct 2023 All-cash

Skytef Solucoes em Captura de Transacoes Ltda ('Skytef') is a distributor for ISV partners and merchants of Fiserv's Electronic Funds Transfer payments software in Brazil.

Skytef Solucoes em Captura de Transacoes Ltda ('Skytef') is a distributor for ISV partners and merchants of Fiserv's Electronic Funds Transfer payments software in Brazil.Fiserv FY23 Form 10-K — Acquisitions note
20 Payfare, Inc. · Canada Not disclosed
Announced Mar 2025 Closed Mar 2025 All-cash

Payfare, Inc. ('Payfare') is a provider of program management solutions powering instant access to earnings and banking solutions for workforces, expanding Fiserv's embedded finance capabilities for large enterprises and financial institutions.

Why it was attractive
  • Adds embedded-finance and earned-wage-access program management for enterprises and financial institutions
Payfare, Inc. ('Payfare') is a provider of program management solutions powering instant access to earnings and banking solutions for workforces, expanding Fiserv's embedded finance capabilities for large enterprises and financial institutions.Fiserv FY25 Form 10-K — Acquisitions note
21 CCV Group B.V. · Netherlands Not disclosed
Announced Mar 2025 Closed Mar 2025 All-cash

CCV Group B.V. ('CCV') is a supplier of POS payment solutions; the acquisition expands Fiserv's network of payment solutions and accelerates deployment of its Clover POS and business management platform across Europe.

Why it was attractive
  • European POS footprint that accelerates Clover deployment across the continent
CCV Group B.V. ('CCV') is a supplier of POS payment solutions; the acquisition expands Fiserv's network of payment solutions and accelerates deployment of its Clover POS and business management platform across Europe.Fiserv FY25 Form 10-K — Acquisitions note
22 Pinch Payments NZ Limited · Australia Not disclosed
Announced Apr 2025 Closed Apr 2025 All-cash

Pinch Payments NZ Limited (together with Zootive Pty Ltd, 'Pinch Payments') is a payment facilitator, expanding Fiserv's flexible payment services and its presence within the Asia-Pacific region.

Pinch Payments NZ Limited (together with Zootive Pty Ltd, 'Pinch Payments') is a payment facilitator, expanding Fiserv's flexible payment services and its presence within the Asia-Pacific region.Fiserv FY25 Form 10-K — Acquisitions note
23 Money Money Servicos Financeiros S.A. · Brazil Not disclosed
Announced Jun 2025 Closed Jun 2025 All-cash

Money Money Servicos Financeiros S.A. ('Money Money') is a provider of risk analysis and credit decisioning solutions, included within Fiserv's Merchant segment.

Money Money Servicos Financeiros S.A. ('Money Money') is a provider of risk analysis and credit decisioning solutions, included within Fiserv's Merchant segment.Fiserv FY25 Form 10-K — Acquisitions note
24 CardFree Inc. Not disclosed
Announced Sep 2025 Closed Sep 2025 All-cash

CardFree Inc. ('CardFree') is an all-in-one platform delivering integrated order, payment and loyalty solutions for merchants, further expanding the capabilities of Fiserv's Clover platform across hospitality, restaurant and lodging.

CardFree Inc. ('CardFree') is an all-in-one platform delivering integrated order, payment and loyalty solutions for merchants, further expanding the capabilities of Fiserv's Clover platform across hospitality, restaurant and lodging.Fiserv FY25 Form 10-K — Acquisitions note
25 StoneCastle Cash Management, LLC (with INDX Processing, LLC and StoneCastle Trust Co.) · United States $416M
Closed Dec 2025 All-cash acquisition

StoneCastle provides its network of depository institutions with access to stable, cost-efficient deposit funding. Fiserv acquired StoneCastle Cash Management, INDX Processing and StoneCastle Trust Co. to offer technology-enabled deposit funding and liquidity solutions to both its financial-institution customers and its merchant-acquiring clients.

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