Toronto-Dominion Bank (TD) Announced its Strategic Partnership with Fiserv

The Toronto-Dominion Bank (NYSE:TD) is one of the Best Performing Canadian Stocks So Far in 2025. On July 23, The Toronto-Dominion Bank (NYSE:TD) announced its strategic partnership with Fiserv to improve the client experience for the company’s Merchant Solutions business in Canada.

The Merchant Solutions business will offer Fiserv’s Clover product, which includes advanced payment processing and servicing. Moreover, the company’s clients will continue to have seamless access to merchant solutions to accept credit and debit payments without disruption. In addition, as part of the partnership, Fiserv will buy a segment of The Toronto-Dominion Bank’s (NYSE:TD) merchant processing business, which includes about 3,400 merchant contracts covering 30,000 merchant locations. The sale is expected to close in late 2025, and management expects that it will not have a significant impact on the company’s business.

The Toronto-Dominion Bank (NYSE:TD) is a major bank operating mainly in North America. It offers personal banking, commercial banking, wealth management, insurance, and wholesale banking services.

While we acknowledge the potential of TD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.