Fiserv (FI) to Acquire CardFree

Fiserv, Inc. (NYSE:FI) is one of the Best Low Cost Stocks to Buy According to Analysts. On September 4, Fiserv, Inc. (NYSE:FI) announced the acquisition of CardFree, a platform offering order, payment, and loyalty solutions for merchants.

Management noted that this acquisition is aimed at enhancing Clover’s point-of-sale system, which is widely regarded as one of the smartest in the market. CardFree’s technology will be fully integrated into both Clover and Commerce Hub ecosystems. This integration is expected to bring new capabilities, including drive-through software, kiosk functionalities, sub-inventory management, and support for third-party software like loyalty programs and delivery services.

Fiserv, Inc. (NYSE:FI) believes that combining CardFree’s seamless mobile ordering and payment platform with Clover will boost scalability and flexibility. This will empower hospitality, restaurant, and lodging businesses to streamline operations while improving customer experiences. Financial terms of the deal were not disclosed.

Fiserv, Inc. (NYSE:FI) is a global company that provides payments and financial technology solutions. It serves businesses of all sizes with products like payment processing, point-of-sale systems, and fraud protection.

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