{"id":565854,"date":"2024-12-26T11:01:00","date_gmt":"2024-12-26T10:01:00","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=565854"},"modified":"2024-12-26T11:01:00","modified_gmt":"2024-12-26T10:01:00","slug":"fiserv-acquires-payfare-inc-to-boost-its-embedded-finance-capability","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/fiserv-acquires-payfare-inc-to-boost-its-embedded-finance-capability\/","title":{"rendered":"Fiserv acquires Payfare Inc. to boost its Embedded Finance Capability"},"content":{"rendered":"

\"Fiserv,Fiserv<\/a>, Inc., a global provider of payments and financial services technology, has entered into a definitive agreement to acquire Payfare Inc.,<\/a> a provider of program management solutions with a particular focus on new economy workforces.<\/p>\n

The transaction<\/a> is subject to obtaining shareholder and court approvals and other customary closing conditions and is expected to close in the first half of 2025.<\/p>\n

This acquisition complements Fiserv’s embedded finance solutions with card program management, a white-label consumer app, and a microservices orchestration layer. These Payfare offerings, combined with Fiserv’s strengths in processing, bank ledgers, and integrated value-added services, enhance the Fiserv solution in embedded banking, payments, and lending and help meet the needs of large enterprises and financial institutions.<\/p>\n

\u201cPayfare has built a reputation as an innovator in workforce payments for gig-economy companies,\u201d said Frank Bisignano, Chairman, President, and Chief Executive Officer of Fiserv.<\/strong> \u201cTogether, we can accelerate the delivery of embedded finance solutions for all of our clients, empowering their next chapter of success. We look forward to welcoming the talented Payfare team to Fiserv.\u201d<\/p>\n

\u201cJoining Fiserv is a tremendous opportunity for Payfare,\u201d said Marco Margiotta, CEO and Founding Partner of Payfare.<\/strong> \u201cWe recognise that Fiserv gives us enhanced scale and technology, which better positions us to serve a growing number of large organisations and deliver a modern digital experience.\u201d<\/p>\n

Payfare\u2019s technology and program management capabilities complement Fiserv\u2019s embedded finance offerings.<\/p>\n","protected":false},"author":35800,"featured_media":565855,"parent":0,"template":"","categories":[42764,43901],"tags":[11868,13003,39963,40767,21391,35898,12653,38352,48627,46712,11416],"class_list":["post-565854","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-payments","category-embedded-finance","tag-america","tag-financial-technology","tag-fintech-acquisitions","tag-fintech-global-news","tag-fintech-news","tag-fintech-solutions","tag-fiserv","tag-global-news","tag-payfare-inc","tag-trending-news","tag-usa"],"acf":[],"yoast_head":"\nFiserv acquires Payfare Inc. to boost its Embedded Finance Capability<\/title>\n<meta name=\"description\" content=\"Fiserv, Inc., a global provider of payments and financial services, has entered into a definitive agreement to acquire Payfare Inc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/fiserv-acquires-payfare-inc-to-boost-its-embedded-finance-capability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiserv acquires Payfare Inc. to boost its Embedded Finance Capability\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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