Fiserv

Thread Bank Selects Finxact from Fiserv for Embedded Banking

Thread Bank chose Finxact from Fiserv as its core banking platform to power embedded banking strategies for community banks. The API-first platform will be integrated with Infinant's Interlace Platform for a modern embedded and core banking experience alongside payment processing.

U.S. Bank and Fiserv Partner on Digital Credit Card Solution

U.S. Bank's Elan Financial Services and Fiserv announced a sponsor bank partnership integrating Elan's credit card program into Fiserv's Credit Choice platform. The solution combines credit and debit card capabilities for over 100 Fiserv financial institution clients. Rollout begins summer 2025 with full portfolio conversion expected by year-end.

Fiserv Becomes First MALPB to Process Card Transactions in the U.S.

Fiserv's Merchant Acquirer Limited Purpose Bank (MALPB), chartered by the Georgia Department of Banking and Finance, processed its first card-based transactions around April 30, 2025. The charter was originally approved on September 27, 2024, with a permit to begin business issued on April 11, 2025. This is the first MALPB charter to process card-based payments in the U.S., enabling direct merchant acquiring without deposit-taking.

Fiserv Expands AppMarket and Launches Fintech Hub in Kansas

Fiserv expanded its AppMarket, a digital marketplace connecting banks with fintech apps via APIs, and launched a new fintech hub in Kansas. The platform enables hyper-personalized banking, faster payments, and API-based data control for financial institutions. This positions Fiserv as a leading API-powered banking infrastructure provider.

Fiserv Closes Acquisition of Payfare to Enhance Embedded Finance

Fiserv completed its acquisition of Payfare on March 3, 2025, to strengthen its embedded finance capabilities. Payfare specializes in instant payout and earned wage access solutions for gig economy workers. The deal expands Fiserv's ability to offer embedded payroll and payment solutions to enterprise clients and platforms.

Fiserv Delivers Embedded Banking to DoorDash via Crimson Program

Fiserv partnered with DoorDash to power the Crimson Program, embedding banking and financial services for Dashers directly within the DoorDash platform. Built on Fiserv's Finxact core banking platform, the program streamlines payments and commerce experiences for gig workers. This represents a significant embedded finance deployment in the gig economy sector.

Zūm Rails Partners with Fiserv to Expand Embedded Payments into US

Canadian fintech Zūm Rails partnered with Fiserv to expand its embedded payments platform into the US market. The partnership enables embedded AP/AR and payment processing for US businesses via Fiserv's infrastructure, with plans to add future BaaS capabilities such as debit cards. This marks Zūm Rails' entry into the US embedded finance market.

Fiserv Wins Conditional Georgia Bank Charter for Payments Processing

Fiserv received conditional approval for a merchant acquirer limited purpose bank charter from the Georgia Department of Banking and Finance. The payments processor applied in January 2024 and can now pursue direct card network access. Full implementation is expected in 2025 pending satisfaction of unspecified conditions.

Fiserv Applies for Special-Purpose Merchant Acquirer Bank Charter in Georgia

Fiserv applied for a merchant acquirer limited purpose bank (MALPB) charter in Georgia, USA. If approved, the charter would allow Fiserv to process card transactions directly without relying on a partner bank. Approval was expected in the first half of 2024, representing a significant shift in the payments value chain.

Fiserv Partners with Central Payments to Deliver BaaS Issuing for Fintechs

Fiserv partnered with Central Payments to provide issuing capabilities, a BaaS platform, and access to sponsor banks for fintechs and financial institutions. The partnership enables fintechs to launch card and payment programs more efficiently. Central Payments contributes its sponsor bank network and issuing expertise. The deal strengthens Fiserv's position in the BaaS infrastructure market.

Fiserv Acquires Cloud Core Banking Platform Finxact for $650M

Fiserv announced the acquisition of Finxact, a cloud-based core banking software provider, for approximately $650 million. Finxact served banks including FirstBank and Woodforest National Bank. The deal strengthens Fiserv's ability to offer modern core banking infrastructure to financial institutions and fintechs.

Transact Bank Selects Fiserv Precision Core for Payments and Card Issuing

Denver-based Transact Bank selected Fiserv's Precision core banking platform on July 30, 2020, to support its new focus on domestic and cross-border payment processing and card issuing services. The partnership provides Transact Bank with modern core infrastructure to enable BaaS-style payment and card programs. This positions Transact Bank as a potential partner bank for fintechs requiring payment and card issuing capabilities.

Fiserv Acquires First Data in $22 Billion Fintech Megadeal

Fiserv announced the acquisition of First Data for $22 billion, creating one of the largest fintech consolidations in payments and financial services. The deal integrates First Data's e-commerce payments capabilities with Fiserv's banking solutions for merchants and financial institutions. The combined entity aims to compete against embedded finance disruptors like PayPal, Stripe, and Square.

Unity Bank Selects Finastra Total Lending Solution in US

Unity Bank, a US community bank, selected Finastra's Total Lending solution for commercial, consumer, and agricultural lending. The platform integrates with Unity Bank's existing Fiserv core banking system. The deal aims to streamline lending processes across multiple loan categories.

Fiserv Launches White-Label Developer Portal for Open Banking Compliance

Fiserv introduced a white-label developer portal enabling banks to engage third-party providers under open banking regulations. The portal includes tools like FinKit for authentication and consent management. This positions Fiserv as an infrastructure provider helping banks comply with PSD2 and open banking mandates while enabling fintech partnerships.