Paysafe and Fiserv Strengthen Partnership to Drive SMB Growth with Enhanced Capital Access, Fraud Protection, and New Digital Wallet Solution
One key initiative is the integration of Fiserv’s Clover Capital solution, which provides SMBs with improved access to capital to help them scale and grow. Additionally, Paysafe will leverage Fiserv's Data–as–a-Service solution to further enhance their risk and fraud protection, strengthening security and trust for both consumers and merchants.
In the US, the two companies are collaborating to launch a digital wallet within Fiserv’s Clover merchant base. This wallet will enable businesses to receive faster settlements and access a full range of banking services, while enhancing the customer experience. This marks a milestone in Paysafe’s business wallet platform evolution, offering a solution designed for financial efficiency and scalability.
“These strategic initiatives reflect the strength and momentum of our partnership with Fiserv,” said Bruce Lowthers, CEO of Paysafe. “Together, we are creating innovative, growth-oriented solutions that unlock new opportunities for SMBs while accelerating our product expansion strategies.”
“Our expanded collaboration with Paysafe reflects our shared commitment to empowering small and mid-sized businesses with the tools they need to thrive in today’s digital economy,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv.
Paysafe and Fiserv are excited to continue building on their strong partnership, delivering more value across the payment ecosystem.
About Paysafe
Paysafe is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 29 years of online payment experience, an annualized transactional volume of
About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world’s smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.
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Media Contact for Paysafe:
Crystal Wright, Global VP of Public Relations
+1 (904) 328-7740
crystal.wright@paysafe.com
Source: Paysafe