{"id":4377,"date":"2019-01-16T19:57:34","date_gmt":"2019-01-16T19:57:34","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4377"},"modified":"2023-02-13T09:29:08","modified_gmt":"2023-02-13T16:29:08","slug":"industry-giants-first-data-and-fiserv-to-combine-in-22-billion-deal","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/industry-giants-first-data-and-fiserv-to-combine-in-22-billion-deal\/","title":{"rendered":"Industry Giants First Data and Fiserv to Combine in $22 Billion Deal"},"content":{"rendered":"\n

Fiserv and First Data\n<\/strong>announced<\/strong> on Wednesday that they are planning to merge in an all-stock\ntransaction. Fiserv will acquire First Data for $22 billion.<\/strong><\/p>\n\n\n\n

The two companies\u2019 boards have approved the deal, the\ncompanies said. Following the deal\u2019s closure, Fiserv shareholders will own 57.5%\nof the combined company and First Data shareholders will own 42.5%. The\ncombined company will be known as Fiserv.<\/p>\n\n\n\n

First Data has expanded its acquiring solutions to include\nmore direct offerings for payment facilitators and ISVs over the past couple of\nyears. In 2017, it launched\na business unit specifically to work with partners such as payment\nfacilitators, ISVs, value-added resellers and software developers. It also\nintroduced an e-commerce\nsolution for payment facilitators and acquired\nBluePay, strengthening its presence in the ISV market, later that year. <\/p>\n\n\n\n

While the impact of the merger on PFs remains to be seen, the\ncompanies touted integrated payments capabilities and expertise in partnering\nwith software developers as being among the offerings of the combined company in\nWednesday\u2019s announcement. <\/p>\n\n\n\n

According to the announcement, the companies expect to\ninvest $500 million over five years to develop new and enhanced solutions for\ntheir combined client base. They plan to combine their offerings to better\nserve clients across both the issuing and acquiring ecosystems. For example,\nthey could integrate First Data\u2019s merchant account enrollment capabilities into\nFiserv\u2019s digital banking solutions, they said. <\/p>\n\n\n\n

Once the transaction closes, Fiserv president and CEO\nJeffery Yabuki will serve as the combined company\u2019s CEO and chairman of the\nboard of directors. First Data CEO Frank Bisignano will serve as president and\nchief operating officer.<\/p>\n\n\n\n

\u201cThrough this transformative combination, we expect to\nredefine the manner in which people and institutions move money and\ninformation,\u201d Yabuki said in the press release. \u201cWe admire First Data for its\nexcellence in merchant acquiring and global issuing services, and the\ntremendous progress they have made under Frank\u2019s leadership. We expect this\ncombination to catalyze and support an enhanced value proposition for our\ncollective clients and their customers.\u201d<\/p>\n\n\n\n

\u201cI have long admired what Fiserv has achieved over the\nyears, and I look forward to working with the talented associates of both\ncompanies as we set a higher standard of innovation and service in the\nindustry,\u201d Bisignano said. \u201cOur goal at First Data has always been to provide\nour clients with the most comprehensive suite of innovative,\nhighly-differentiated solutions and services, and I am excited by the\nsignificant value that the combination with Fiserv creates for all\nstakeholders.\u201d<\/p>\n\n\n\n

The transaction is subject to regulatory approvals and is\nexpected to close during the second half of 2019. <\/p>\n","protected":false},"excerpt":{"rendered":"

Fiserv and First Data announced on Wednesday that they are planning to merge in an all-stock transaction. Fiserv will acquire First Data for $22 billion.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[106,227,308,310,435],"class_list":["post-4377","post","type-post","status-publish","format-standard","hentry","category-archive","tag-bluepay","tag-digital-banking","tag-first-data","tag-fiserv","tag-isv"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4377"}],"version-history":[{"count":5,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4377\/revisions"}],"predecessor-version":[{"id":9082,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4377\/revisions\/9082"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4377"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}