Fiserv’s CEO eyes monetization

Fiserv is shifting its strategy to better integrate its merchant processing and banking technology. For retail operators, this signals a move toward more cohesive 'all-in-one' platforms. The company wants to make it easier for businesses to access value-added services like specialized lending and point-of-sale financing directly through their payment hardware. Instead of treating payment processing and business banking as separate silos, Fiserv aims to blend them. This means small to mid-sized merchants may soon see more automated financing offers embedded into their dashboards. The goal is to reduce the friction between taking a payment and accessing the working capital or consumer credit needed to grow. If you use Clover or other Fiserv-backed systems, expect more aggressive rollouts of integrated software tools designed to help you manage cash flow and offer credit at the register without needing third-party plugins. The focus is on 'monetizing' the relationship, which usually translates to more service options for you, albeit at the cost of deeper ecosystem lock-in.

Source: Payments Dive

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