With the acquisition, Fiserv is set to expand its ability to provide P2P and other payment technologies to banks and credit unions. Furthermore, the transaction is expected to expand Fiservs workforce in the US and India. Both companies offer financial institution-centric P2P services that enable payments to be made from one account to another, Fiserv with ZashPay and CashEdge with Popmoney. CashEdge provides services to more than 500 clients.
In recent news, US-based financial company Fulton Financial Corporation has entered a partnership with Fiserv to implement the latter’s outsourced banking service based on Signature bank platform.
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