Fiserv To Buy Remaining 49.9% Of AIB Merchant Services
(RTTNews) - Fiserv Inc. (FI), a provider of payments and financial services technology, announced that it has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group. Financial terms of the transaction were not disclosed.
The transaction is subject to regulatory approvals and closing conditions and is expected to close in the third quarter.
Founded in 2007, AIBMS is one of Ireland's largest payment solution providers and one of Europe's largest e-commerce acquirers.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.