Fiserv, the US-based payments company, has acquired MerchantPro Express, a credit card processing company based in New York. Fiserv describes this acquisition as a company strategy to expand the company’s merchant services business and grow the company’s partner-based distribution.
With this acquisition, the Fiserv company’s market payments solution such as CoPilot, CardPointe, and Clover, will be brought together with the service of MerchantPro Express in payments processing.
“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.” said Senior group President of Global Business Solutions at Fiserv Devin McGranahan.
“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,” said Chief Operating Officer at MerchantPro Express Sean O’Neil.
The financial terms of this acquisition were not disclosed.