Fiserv, a global payments and financial services provider, signed a multi-year agreement with TD Bank Group for its merchant solutions, including Clover, to expand its footprint in Canada.
Fiserv will also acquire part of TD’s merchant processing business in Canada, transferring about 3,400 relationships and 30,000 locations to its system and Clover platform.
The deal is expected to close later this year and it enhances Fiserv’s offerings for small and medium-sized businesses. The financial terms were not disclosed.
KEY QUOTES:
“We are pleased to expand Clover’s reach and increase our commitment to Canada through this partnership with TD. This agreement reinforces our strong relationship with TD and underscores our shared commitment to delivering value to clients. I look forward to welcoming all businesses to our platform.”
Takis Georgakopoulos, Chief Operating Officer at Fiserv
“At TD, we are focused on helping our business clients succeed. This strategic relationship with Fiserv will directly benefit our clients by combining Clover, Fiserv’s innovative merchant product offering, with our business banking solutions, providing our merchants with the capability to leverage the latest technology to process payments and grow.”
Barbara Hooper, Group Head, Canadian Business Banking, TD Bank Group
