The global payments leader strengthens its foothold in Ireland and Europe with full ownership of AIBMS
Highlights:
- Complete Ownership: Fiserv will acquire the remaining 49.9% stake in AIB Merchant Services, making it a wholly owned subsidiary.
- Continued Partnership: AIB will maintain a commercial relationship with Fiserv, referring business customers for merchant acquiring services.
- Growth & Innovation: The acquisition aims to accelerate the adoption of Clover, Fiserv’s advanced point-of-sale and business management platform.
Summary:
Fiserv has announced its acquisition of the remaining stake in AIB Merchant Services (AIBMS), solidifying its presence in Ireland and the broader European payments market. AIBMS, originally a joint venture between Fiserv and AIB Group, has grown into one of Europe’s largest e-commerce acquirers. While AIB will exit ownership, it will continue referring business customers to AIBMS, ensuring seamless service continuity.
Fiserv plans to leverage this acquisition to expand its market-leading solutions, particularly its Clover POS system, which integrates payment processing with business management tools. The transaction is expected to close later this year, pending regulatory approvals.
