Fiserv, Inc (FI) Announces the Acquisition of Remaining 49.9% of AIB Merchant Services

Fiserv, Inc. (NYSE:FI) is one of the Top Large Cap Stocks to Buy At 52-Week Low. On September 5, Fiserv, Inc. (NYSE:FI) announced the completion of the acquisition of the remaining 49.9% of AIB Merchant Services. AIB Merchant Services is its joint venture of AIB Group.

Management noted that this strategic move gives the company full ownership of one of Ireland’s largest payment solution providers and a top e-commerce acquirer in Europe. It also supports Fiserv, Inc. (NYSE:FI) plans to grow in the wider European market. Moreover, the acquisition also expands further growth opportunities for Clover, which is the company’s advanced point-of-sale system.

As a result of this acquisition, AIB Group will continue to refer customers needing card acquiring services exclusively to Fiserv, Inc. (NYSE:FI).

Fiserv, Inc. (NYSE:FI) provides technology solutions for payments and financial services worldwide. The company helps businesses of all sizes with merchant acquiring, digital commerce, mobile payments, fraud protection, and point-of-sale systems.

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