Fiserv acquires long-standing partner MerchantPro Express
Fiserv has acquired MerchantPro Express, a credit card processing firm that it has worked with for over a decade.
The combination will bring together Fiserv’s payment solutions, including CoPilot, CardPointe and Clover, with the onboarding services of MerchantPro Express.
Devin McGranahan, senior group president for global business solutions at Fiserv, says that the combination will enable Fiserv to expand the speed of delivery it provides “new and innovative solutions.”
Headquartered in Melville, New York, MerchantPro Express provides processing services, point-of-sale (POS) equipment and merchant cash advances to businesses. It has been a Fiserv distribution partner since 2009.
Sean O’Neil, COO at the firm, says that he “could not be more thrilled” to be joining up with Fiserv. “Their cutting-edge suite of payments technology products and services will help transform the way our sales agents and their merchant clients are able to serve customers.”
Chris Briller, Merchant Pro Express CEO, adds: “By completing this transaction, we have confirmed our commitment to provide a high-quality and sustainable platform to our agents, employees and customers.”
Financial details of the acquisition have not been disclosed.
Fiserv finalised a selection with First State Bank this week. The Illinois-based firm which holds $1.2 billion in assets and operates 18 branches throughout the Prairie State, is deploying Fiserv’s Premier system.