Trust Payments expands relationship with Fiserv to enable long-term growth

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BROOKFIELD, Wisconsin & LONDON–(BUSINESS WIRE)–London-based Trust Payments, a disruptive fintech leader specializing in frictionless payments and value-added services, is extending its existing relationship with Fiserv to support the company’s ambitious growth and expansion plans world. The new long-term agreement builds on the companies’ successful collaboration since 2012 and will enable Trust Payments to provide its customers with on-demand payment capabilities, enabled through the acquisition of Capabilities as a Service (AqaaS) from Fiserv.

The emergence of AqaaS has enabled a wide range of fintechs beyond financial institutions or large payment processors to become merchant acquirers, enabling the acceptance of card payments for their own customers.

“Enabling card payment acceptance is a must for any business looking to include payments in their service offering. And, for fintechs offering payment acceptance, selecting a processing partner is critical because their guidance, experience, flexibility and reliability strategically impact business operations and growth,” said Adam Bowman, vice president of Acquiring-as-a-Service at Fiserv. “Trust Payments is the one of the fastest growing players in the payments industry, and we are proud to expand our relationship with them as they accelerate their growth and serve even more businesses.”

Trust Payments is growing rapidly, with a 73% increase in total revenue last year, as more merchants recognized the need to digitize payments and commerce, fueled in part by increased contactless spending and the need to meet growing customer demand for omnichannel experiences.

“Trust Payments has a long and successful relationship with Fiserv and is delighted to expand this partnership based on Fiserv’s proven track record of supporting large-scale acquirers,” said Daniel Holden, Managing Director of Trust Payments. extension, Fiserv will provide the next-generation payment processing capability needed to support Trust Payments’ growth for years to come.

Trust Payments is also one of the first companies to use Fiserv’s suite of API-enabled services to facilitate faster and more seamless access to new features.

“Fiserv has demonstrated its commitment to investing in its processing technology and services in the years to come, which will be essential for Trust Payments to deliver data and services to our customers via on-demand APIs and SDKs” , Holden said. “This partnership will allow us to continue to provide our merchants with the most innovative global commerce services.”

In a world that is changing faster than ever, Fiserv helps clients deliver solutions that are in tune with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in ways that move the world. As a global leader in payments and fintech, the company helps its customers achieve the best results through a commitment to innovation and excellence in areas such as account processing and digital banking solutions; card issuer processing and network services; Payments; e-commerce; acquiring and processing merchants; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index, the FORTUNE® 500, and has been recognized as one of the FORTUNE® World’s Most Admired Companies for 11 of the past 14 years and named one of the World’s Most Innovative Companies by Fast Company for two consecutive years. years. Visit fiserv.com and follow us on social media for more information and the latest company news.

About Fiduciary Payments

Trust Payments is a disruptive fintech leader specializing in seamless payments and value-added services for online and offline merchants. We provide on-demand payments and banking as a service to help businesses grow and scale online, in-store and on mobile. By combining these omnichannel services with powerful tools, such as retail operations technology, loyalty management and instant e-commerce, Trust Payments is constantly using new innovative payment methods in cryptocurrencies and transfers. banks to drive Converged Commerce™. Trust Payments has a global footprint, with over 400 people across 10 offices supporting the most demanding industries – from retail, travel and hospitality to crypto, gaming and financial services. We have an acquiring network of over 50 global banks and hundreds of alternative payment methods. Trust Payments holds major Visa and Mastercard memberships in the EU for cross-border business and holds licenses in 6 US states to make regulated payments in games. For more information, visit www.trustpayments.com.

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