Brookfield, Wisconsin-based Fiserv has been building up its Clover business ever since it acquired the business as part of its 2019 purchase of First Data. That combination enlarged Fiserv, making it the fifth-largest U.S. merchant payment acquirer last year, based on card transaction volume, according to Nilson Report, an industry research firm.
Now, Clover is aiding Fiserv in its international expansion as it builds a presence through the new joint venture in Europe’s largest economy. Clover’s hardware and software technology lets small and mid-sized merchants accept payments, process transactions, use online ordering, offer e-commerce brands, and use customer loyalty tools. Fiserv says in its annual report that Clover “is one of the largest open architecture platforms of commerce-enabling solutions and applications in the world.”
