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Fiserv

Provider
BaaSPSPCard IssuingLedgerFX / PayoutsTokenization

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 51 companies across 6 categories.

fiserv.com ↗Also analysed as a company — its own stack →
CategoriesBaaS, PSP, Card Issuing, Ledger, FX / Payouts, Tokenization
Rank#13 of 538 in PSP
Buyers51 companies
HeadquartersMilwaukee, Wisconsin, USA
Founded1984
TickerNYSE:FI
Market cap~$80B
IPO1986

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Founders & story · from Fiserv’s own dossier

Fiserv was founded in 1984 serving core processing for US banks and credit unions. Its transformative event was the 2019 merger with First Data, which added Clover, merchant acquiring, and global payment processing scale, making Fiserv one of the four dominant US merchant processors (alongside JPMorgan, Global Payments, and Worldpay). More recently it has pivoted toward embedded finance — lending, BaaS, digital payouts, and program management (Payfare, acquired 2025) — positioning itself against digitally-native processors like Stripe and Adyen.

Latest round: Public (Nasdaq: FISV)
Recent developments
  • 2023-10Fiserv and Plaid announce agreement to enable secure, credential-less API-based data sharing for ~3,000 bank/CU clients via AllData Connect. source ↗
  • 2025-10Fiserv signs definitive agreement to acquire StoneCastle Cash Management to aggregate institutional deposits and support FIUSD stablecoin issuance. source ↗
  • 2026-07-01Selected as exclusive embedded finance provider for Datavault AI's planned NIL Exchange marketplace. source ↗
  • 2026-10-01Digital Asset Platform went live with its first production client: Bank of North Dakota's “Roughrider Coin,” a dollar-backed stablecoin giving 90+ North Dakota banks and credit unions interbank settlement through Fiserv's Commercial Center online banking — VersaBank issues and custodies the coin, Fireblocks supplies tokenization infrastructure, settlement runs on Solana. source ↗
Acquisitions
First Data2019
Merger creating combined bank-tech + merchant-acquiring franchise; brought Clover and merchant processing.
Payfare2025
Acquired for program management services powering embedded finance customer support, fraud, and compliance.
StoneCastle Cash Management2025
Acquired StoneCastle to add insured-deposit, liquidity and digital-asset funding solutions for FIs and merchants.
CardFree2025
Acquired the mobile order/payment/loyalty platform CardFree to expand Clover's commerce capabilities for hospitality.
AIB Merchant Services2025
Acquired the remaining 49.9% of the Ireland-based payments JV to accelerate European SME payments and Clover.
Finxact2022
Acquired cloud-native core-banking provider Finxact to power embedded finance and BaaS for banks and fintechs.
BentoBox2021
Acquired restaurant digital-marketing/commerce platform BentoBox (~$320M) to strengthen Clover restaurant offerings.
Ondot Systems2021
Acquired digital card-services platform Ondot to give FIs real-time card control and digital-first cardholder experiences.
Full dossier: Fiserv’s own stack, layer by layer →
Who uses Fiserv
51 companies disclose Fiserv in their stack
NexTier BankPrzelewy24TextLeasequeryCampspotCaixaTaluspayCardconnectservicecoreLawPayCaixa Economica FederalCorepay+39 more
Buyer mix · 51 of 51 classified
Infrastructure / Payments · 10Bank / National · 7Bank / Community · 4Vertical SaaS / Restaurants · 3Fintech / Payments · 2Vertical SaaS / Healthcare · 2Vertical SaaS / Veterinary · 2Bank / Sponsor · 1
US · 37LATAM · 3APAC · 3EU · 2Africa · 2Canada · 1
What the disclosures say
NexTier Bank
“NexTier Bank merchant services page explicitly states 'Merchant Service Solutions By Clover'; mobile privacy policy states app is 'powered by Fiserv'; homepage lists Zelle, Apple Pay, Samsung Pay, Google Pay, and debit card services.”
Przelewy24
“Przelewy24's own Card Payments page explicitly names its 5 card acquirers: 'Fiserv, Worldline Financial Services, Elavon, Eservice and NETS DENMARK AS – routing traffic between acquirers ensures the maximum level of service availability.'”
Text
“The IBS Intelligence article references Fiserv launching a text-based payment option for software firms, suggesting a Fiserv payment integration, but the snippet is thin and does not confirm Text uses Fiserv as its acquiring PSP.”
Campspot
“Chargebacks support article: 'Campspot, in partnership with Fiserv (formerly Clover/CardConnect), provides essential insights and best practices to navigate chargebacks.'”
Caixa
“IBS Intelligence article confirms Caixa and Fiserv completed first merchant transaction via Maquininha CAIXA Pagamentos (known_customer_listings TIER 1).”
Taluspay
“taluspay.com homepage describes FSP model; Terms of Service explicitly names Fiserv as acquirer; taluspaypartners.com lists gateway features including ACH, credit/debit, Level II/III; known_customer_listings evidence names HSBC Bank USA, Esquire Bank, Synovus Bank, Wells Fargo Bank as banking partners”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Fiserv? Claim this profile above to unlock your own full list.
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What Fiserv runs on · from its own dossier
The third-party providers Fiserv itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Fiserv.
PSP
Visa Direct
Sponsor Bank
Pathward
Retirement / Wealth
Vestwell
FX / Payouts
Visa Direct
Crypto / Stablecoin
StoneCastle Cash ManagementFireblocks
Crypto Custody
VersaBank
Open Banking
Plaid
Full dossier with evidence for each layer →
Alternatives to Fiserv

Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe783 buyers →Adyen278 buyers →PayPal153 buyers →Checkout.com113 buyers →Worldpay89 buyers →Mollie64 buyers →checkout58 buyers →Braintree57 buyers →
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Ranked #13 of 538 in PSP — Embedded Finance Index 2026
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Fiserv — frequently asked

Which companies use Fiserv?

51 companies disclose Fiserv in their stack in the Embedded Finance Index 2026, including NexTier Bank, Przelewy24, Text, Leasequery, Campspot, Caixa, Taluspay, Cardconnect, servicecore, LawPay and 2 others.

What does Fiserv do?

Fiserv is an embedded-finance provider in BaaS, PSP, Card Issuing, Ledger, FX / Payouts and Tokenization. It ranks #13 of 538 PSP providers by disclosed buyers.

Is Fiserv publicly traded?

Yes. Fiserv trades as NYSE:FI, listed since 1986.

What are the alternatives to Fiserv?

The most-disclosed PSP alternatives to Fiserv are Stripe (783 buyers), Adyen (278 buyers), PayPal (153 buyers), Checkout.com (113 buyers), Worldpay (89 buyers) and Mollie (64 buyers).

Where is Fiserv headquartered?

Fiserv is founded in 1984 and headquartered in Milwaukee, Wisconsin, USA.

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