Fiserv, Inc., a leading global provider of payments and financial services technology solutions, announced it has completed its acquisition of Payfare Inc., a provider of program management solutions with a particular focus on new economy workforces. Payfare’s co-founders and employees are now part of the Fiserv team.
This acquisition complements Fiserv’s existing embedded financial solutions with card program management and a white-label consumer application. Payfare’s offerings, combined with Fiserv’s strengths in processing, bank ledgers and integrated value-added services, provide a complete solution for embedded banking, payments and lending.