BROOKFIELD (dpa-AFX) - Fiserv, Inc. (FI) has acquired the remaining 49.9% stake in AIB Merchant Services - AIBMS, its joint venture with AIB Group.
The move strengthens Fiserv's position in Europe, expanding opportunities for its Clover point-of-sale system and enhancing its presence in the payments sector. AIBMS is among Ireland's largest payment providers and a leading e-commerce acquirer in Europe.
Under the agreement, AIB Group will continue exclusively referring businesses requiring card acquiring services to Fiserv.
FI currently trades at $135.13 or 0.77% lower on the NYSE.
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