Fiserv acquire Pineapple Payments
Fiserv, the US-based payments company, has announced that it has signed a definitive agreement to acquire Pineapple Payments. According to the press release, the company will continue to provide ‘payment processing services to Pineapple Payments merchants, while enhancing its seamless delivery of an array of customer-focused, innovative solutions’.
The company also noted that this acquisition will expand the reach of its payments solution including CoPilot partner platform, Clover and Clover Connect through the technology and relationship led distribution channels of Pineapple Payments.
“With Pineapple Payments already operating as a key distribution partner of Fiserv, we expect to accelerate the delivery of new and innovative capabilities to a host of new merchant clients,” said Frank Bisignano, President and Chief Executive Officer of Fiserv. Adding further he said, “We will provide omni-channel payments technology and services to enable merchants to maximize the potential of electronic payment processing”.
The transaction is subject to approval and closing conditions and is expected to close by the second quarter of 2021. Terms and conditions of the transaction were not disclosed.
Pineapple Payments is a Pennsylvania based payments technology company that provides payment processing, proprietary technology and omni-channel payment acceptance solutions for merchants of all business types and sizes.