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/PRNewswire/ The increasing acceptance of contactless payments globally has significantly contributed to the growth of the global contactless POS terminals.
/PRNewswire/ The increasing acceptance of contactless payments globally has significantly contributed to the growth of the global contactless POS terminals.
Voice of the Industry
Major acquisitions in the payments industry â 2020 retrospective (part I) Monday 8 February 2021 09:26 CET | Editor: Anda Kania | Voice of the industry
This article outlines the noteworthy mergers and acquisitions in the B2C payments industry, addressing two drivers: new strong links in the value chain and the accelerated digital transformation
The payments industry has been very operative this year despite the pandemic. While having the increased competition in mind, payments players have availed themselves of the opportunity of exploring the rapid transition to digital transactions and new markets, to consolidate their position in the value chain and further gain market share. The first part of the overview displays the most visible mergers and acquisitions in 2020 in the B2C payments space, and their rationale, by addressing two directions: consolidation of omnichannel capabilities and disruptive technologies.
Nasdaq Listed Fintech Fiserv Enters Agreement to Acquire Ondot, a Digital Experience Platform for Financial Institutions
December 17, 2020 @ 10:33 pm By Omar Faridi
Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, has entered an agreement to acquire Ondot Systems, Inc., a digital experience platform for financial institutions. The transaction is expected to expand Fiserv digital capabilities, enhancing its integrated solutions so that clients can offer a seamless, digital-first and personalized experience to consumers.
Launched in 2011, Ondot processes over 1 billion transactions each month and offers digital capabilities for more than 30 million cards. Fiserv intends to further develop the Ondot platform’s interplay between real-time authorization, user context, and AI in order to “engage users in-the-moment – before, during and after transactions,” according to a release.