FISERV INC acquired BillMatrix Corporation, a transaction completed in 2005, structured as Acquisition completed in 2005; financial terms not disclosed..
BillMatrix Corporation operates in Financial, is based in United States. BillMatrix is a provider of expedited electronic bill payment services, letting consumers make urgent, one-time payments to billers by phone, web and other channels. Fiserv acquired BillMatrix in 2005 and placed it in its Financial segment, adding to the company's payment capabilities. BillMatrix served the rapidly growing expedited electronic bill payment market.
Expanded Fiserv's payments portfolio into the fast-growing expedited electronic bill payment space and broadened its bill payment and EFT offerings for financial institutions and billers.
We are also very excited about our recent acquisitions, including BillMatrix in our Financial segment which serves the rapidly growing electronic bill payment space and adds to our extensive payment capabilities.Leslie M. Muma, President and Chief Executive Officer of Fiserv
Advisory firms were not disclosed for this transaction.