Payments and Financial Services Technology
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Fiserv Acquires CardFree to Enhance Clover Point-of-Sale System
Yahoo Financeยท 2025-09-11 17:15
Group 1 - Fiserv Inc. is recognized as a top IT stock for investment by hedge funds, following its acquisition of CardFree, a platform offering customized order, payment, and loyalty solutions for merchants [1] - The acquisition aims to enhance the functionality of Clover, Fiserv's point-of-sale system, particularly benefiting small businesses as they scale [2] - CardFree's technology, developed by the original team behind mobile apps for Starbucks and Dunkin', is compatible with various point-of-sale systems and payment processors [2] Group 2 - The integration of CardFree into Clover and Commerce Hub ecosystems will introduce new features such as drive-through software, kiosk management, sub-inventory management, and improved third-party integrations for loyalty programs and delivery services [3] - Fiserv operates through two main segments: Merchant Solutions and Financial Solutions, providing payments and financial services technology solutions [3]