Payments News

Fiserv acquisition of First Data may set off consolidation in payments space

Mar 05, 2019

The payments industry may be headed for a turbulent period of activity following the surprise deal in which Fiserv announced it is buying First Data for $22 billion earlier this month.

The agreement caught much of the industry off guard as the merger had not been a subject of industry speculation and may possibly be the largest acquisition in the payments industry.

Thad Peterson, senior analyst at the Aite Group, told Mobile Payments Today that two factors are driving the move toward consolidation in the payments space: the power of scale and explosive changes taking place in the business.

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