Trillium Software
     

30/06/2011

By Scott Thompson

Fiserv has entered into a definitive agreement to acquire CashEdge, a provider of consumer and business payments technologies, for $465 million. The FS technology solutions giant expects the transaction to be completed by September, subject to regulatory approvals and customary closing conditions.

"CashEdge provides an attractive suite of solutions to further enable the delivery of a highly differentiated payments experience for financial institutions and their customers, as well as accelerate the coming P2P movement," says Jeffery Yabuki, president and CEO at Fiserv. "It brings a strong and knowledgeable team that has a well-deserved reputation for innovative product development and delivery excellence. Importantly, we share a common vision for new payment solutions enabled by a financial institution-centric platform."

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