Fiserv has acquired MerchantPro Express as part of a strategy to expand Fiserv’s merchant services business and grow partner-based distribution.
The alliance will bring together payment solutions from Fiserv with the onboarding and service of MerchantPro Express.
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Devin McGranahan, senior group president, Global Business Solutions at Fiserv, said: “MerchantPro Express has been a key Fiserv distribution partner since 2009. By combining our solutions and expertise under one roof we will be able to expand and speed the delivery of new and innovative solutions.”
MerchantPro Express, is an Independent Sales Organisation (ISO), providing processing services, POS equipment and merchant cash advances to businesses across the US.
Chris Briller, CEO at MerchantPro Express, said: “By completing this transaction, we have confirmed our commitment to provide a high-quality and sustainable platform to our agents, employees and customers. The highly regarded Fiserv brand and focus on growth will enable us to distribute premier products and services to our clients.”
“Cutting-edge suite of payments technology”
Sean O’Neil, COO at MerchantPro Express, said: “We could not be more thrilled to join the Fiserv family. Their cutting-edge suite of payments technology products and services will help transform the way our sales agents and their merchant clients are able to serve customers.”
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By GlobalDataTo date, the financial terms of the transaction have not been disclosed.
The news comes after Fiserv launched a solution with Visa enabling merchants to use mobile devices to accept payments. The service allows businesses to accept PIN-based contactless transactions without the need for a card reader or PIN-entry device.
In addition, the move is expected to boost the worldwide use of smartphones and tablets as POS terminals.
In February, the payments provider also introduced a new POS device called Clover Station Pro for quick and full service restaurants. The solution was designed to facilitate checkout speeds and prevent order errors.
