finsmart-news_admin Contents
Fiserv has announced a strategic agreement with TD Bank Group that will expand its presence in Canada and bring its Clover point-of-sale technology to thousands of merchants across the country. The deal includes a multi-year managed services arrangement and the acquisition of a portion of TD’s Canadian merchant processing business.
Under the agreement, TD Merchant Solutions will adopt Fiserv’s technology stack, including the Clover platform, to power its merchant services. In parallel, Fiserv will acquire approximately 3,400 TD merchant relationships representing 30,000 locations. These will transition to Fiserv’s processing infrastructure and be equipped with Clover hardware and software.
“I look forward to welcoming all businesses to our platform”
Takis Georgakopoulos, Chief Operating Officer at Fiserv, commented, “We are pleased to expand Clover’s reach and increase our commitment to Canada through this partnership with TD. This agreement reinforces our strong relationship with TD and underscores our shared commitment to delivering value to clients. I look forward to welcoming all businesses to our platform.”
TD will continue to provide business banking services to its clients while leveraging Fiserv’s infrastructure for payment acceptance. The partnership is designed to support Canadian small and medium-sized businesses with integrated tools for payments, operations, and growth.
Barbara Hooper, Group Head, Canadian Business Banking, TD Bank Group, commented, “At TD, we are focused on helping our business clients succeed. This strategic relationship with Fiserv will directly benefit our clients by combining Clover, Fiserv’s innovative merchant product offering, with our business banking solutions, providing our merchants with the capability to leverage the latest technology to process payments and grow.”
Fiserv said the transaction is expected to close later this year, pending customary closing conditions. Financial terms were not disclosed.
The move strengthens Fiserv’s position in Canada while extending the reach of its Clover ecosystem, which combines point-of-sale hardware with cloud-based business management tools. The company expects the agreement to support long-term adoption of its payments and software solutions in the Canadian market.
Fiserv takes full control of AIB Merchant Services
Fiserv also agreed to acquire the remaining 49.9% stake in AIB Merchant Services (AIBMS), bringing the joint venture with AIB Group under its full ownership. The deal, which remains subject to regulatory approvals, is expected to close in the third quarter of 2025.
AIBMS, established in 2007, ranks among Ireland’s largest payment solution providers and is also one of Europe’s largest e-commerce acquirers. Through this transaction, Fiserv aims to strengthen its position in the European payments space, with a particular focus on small and medium-sized enterprises.
Under the terms of the new arrangement, AIB will continue to refer its business clients to AIBMS and Fiserv for merchant acquiring services, preserving the close commercial relationship between the two firms. The transaction follows a longstanding collaboration between the two entities, with AIBMS having established a notable market share across Ireland and a growing footprint across the continent. Financial terms were not disclosed.
Fiserv brings Clover to Brazil via Money Money acquisition
Fiser entered into a definitive agreement to acquire Brazilian fintech Money Money Servicos Financeiros S.A., a financing engine connected to the receivables’ registry infrastructure regulated by the Brazil Central Bank. Money Money provides working capital and other financial solutions to SMBs, based on a robust business analysis. Its technology and expertise in the segment complement Clover’s strategy of supporting the development of Brazilian SMBs in their payment, management, and cash flow needs.
Clover was first introduced to the Brazilian market in December and offers a differentiated set of capabilities to local businesses that includes an all-in-one payment solution, cash flow support, native applications, and a marketplace of systems and automation tools from the company’s leading software partners (ISVs).
The acquisition expands Fiserv’s services in Brazil, enabling small and medium-sized businesses (SMBs) to access capital that can be invested in the growth and maturation of their businesses. With the launch of Clover in Brazil, Clover Capital fueled by Money Money will be integrated with the Clover platform to combine risk analysis technology with the predictive performance of clients’ businesses to generate personalized offers with competitive rates. The solution advances capital to businesses with a range of payment plans, backed by future receivables based on the merchant’s prior sales transactions.
Fiserv Brings Clover POS System to Australia
Fiserv recently announced that its Clover point-of-sale platform is now available in Australia. The company described Clover as the world’s smartest POS system, combining proprietary hardware and software to offer small and medium-sized businesses an all-in-one solution. Clover now operates in 11 countries and powers 3.5 million point-of-sale devices globally. The platform integrates payments, inventory, accounting, employee management, and customer engagement tools, replacing fragmented systems with a single, scalable setup. It is designed for the retail, service, and hospitality sectors.
The platform offers several hardware options for local merchants: Clover Flex, a handheld device; Clover Mini, a compact countertop system; Station Duo, which features dual screens; and Clover Kiosk, designed for self-ordering. The systems aim to simplify operations while improving both customer and employee interaction.
Clover’s Web Dashboard provides centralized control across locations, allowing business owners to track sales, manage customer engagement, and oversee employee performance. Data is accessible from any device and stored securely online. Fiserv is supporting the launch with seven-day-a-week customer service, including on-site technician visits when needed. The company said Clover will continue to evolve with regular updates to apps, hardware, and features based on merchant feedback.
