FISV - Fiserv Acquires MerchantPro Express For Merchant Onboarding And Service
Quick Take
Fiserv (FISV) has announced the acquisition of MerchantPro Express for an undisclosed amount.
MerchantPro has developed a payment processing distribution business in New York state.
With the deal, FISV continues to fill in gaps in its merchant onboarding and service offerings.
The firm’s 2020 guidance is in serious question due to the as-yet unquantified negative effects on business activity from the coronavirus pandemic, so my bias is NEUTRAL.
Target Company
Melville, New York-based MerchantPro was founded to provide merchant payment processing and related products and services for merchants of all sizes.