We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fiserv (FISV) Set to Benefit From Ondot Acquisition: Here's How
Read MoreHide Full Article
Fiserv, Inc. yesterday announced that it has completed the acquisition of Ondot Systems, Inc., a digital experience platform for financial institutions. The deal was initially announced on Dec 16, 2020. Financial terms of the deal have been kept under wraps.
Founded in 2011, Ondot provides digital capabilities for over 30 million cards and processes more than 1 billion transactions per month.
Frank Bisignano, president and chief executive officer at Fiserv, stated, "Closing this transaction further expands our digital capabilities, enhancing our suite of integrated solutions to enable clients of all sizes to deliver frictionless digital-first and personalized experiences to consumers."
Considering the growing importance of digitalization and the ongoing shift toward online and mobile banking, and contactless payments modes, the latest acquisition is expected to boost Fiserv’s digital capabilities and strengthen its competitive position against names like Green Dot Corporation (GDOT - Free Report) , FLEETCOR Technologies, Inc. and Envestnet, Inc. (ENV - Free Report) .
Notably, Fiserv has been active on the acquisition front to widen its client base and enhance its product portfolio. In 2020, the company completed the acquisitions of MerchantPro Express, Bypass Mobile and Inlet. While MerchantPro expands the company’s merchant services business, Bypass enhances its omni-commerce capabilities and Inlet boosts its digital bill payment strategy. In 2019, Fiserv acquired First Data. This was one of the biggest financial mergers in a decade and has helped Fiserv to emerge as one of the world’s largest payments and financial technology providers.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Shutterstock
Fiserv (FISV) Set to Benefit From Ondot Acquisition: Here's How
Fiserv, Inc. yesterday announced that it has completed the acquisition of Ondot Systems, Inc., a digital experience platform for financial institutions. The deal was initially announced on Dec 16, 2020. Financial terms of the deal have been kept under wraps.
Founded in 2011, Ondot provides digital capabilities for over 30 million cards and processes more than 1 billion transactions per month.
Frank Bisignano, president and chief executive officer at Fiserv, stated, "Closing this transaction further expands our digital capabilities, enhancing our suite of integrated solutions to enable clients of all sizes to deliver frictionless digital-first and personalized experiences to consumers."
Considering the growing importance of digitalization and the ongoing shift toward online and mobile banking, and contactless payments modes, the latest acquisition is expected to boost Fiserv’s digital capabilities and strengthen its competitive position against names like Green Dot Corporation (GDOT - Free Report) , FLEETCOR Technologies, Inc. and Envestnet, Inc. (ENV - Free Report) .
Notably, Fiserv has been active on the acquisition front to widen its client base and enhance its product portfolio. In 2020, the company completed the acquisitions of MerchantPro Express, Bypass Mobile and Inlet. While MerchantPro expands the company’s merchant services business, Bypass enhances its omni-commerce capabilities and Inlet boosts its digital bill payment strategy. In 2019, Fiserv acquired First Data. This was one of the biggest financial mergers in a decade and has helped Fiserv to emerge as one of the world’s largest payments and financial technology providers.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>