2 min read.Updated: 17 Jan 2019, 11:51 AM ISTReuters
Fiserv said in a statement that the acquisition of First Data, enables it to offer services to financial clients
US financial technology provider Fiserv Inc said on Wednesday it had agreed to buy payment processor First Data Corp in a $22 billion all-stock deal, the biggest ever acquisition in the booming market for digital payments. The deal illustrates how providers of commoditized banking services are seeking to diversify by developing or acquiring technology that powers transactions such as credit card purchases and payments through a mobile phone.
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