Fiserv has acquired CCV, a payment solutions provider, to fast-track the deployment of its Clover platform and operating systems across Europe.
At the heart of the acquisition is Fiserv’s Clover, a cloud-based point-of-sale (POS) system, designed to help businesses manage payments, inventory, customer interactions, and other operations through offering software and hardware solutions.
Clover has had some success in Europe, but it is more widely used in North America. However, Katia Karpova, EVP and Head of EMEA at Fiserv, noted that the acquisition of CCV will help Fiserv “accelerate the deployment” of the platform across Europe.
“The addition of CCV will enable Fiserv to accelerate the deployment of our Clover platform and operating system, providing enhanced capabilities and innovation to our clients across Europe,” Karpova said.
“We have a deep appreciation and admiration for the reputation CCV has built over its 67-year history, and the impact the company has on its stakeholders. Fiserv is committed to building upon CCV’s strong foundation to ensure continued success.”
Fiserv launched its platform in Germany in 2021 through a partnership with Deutsche Bank, but this new deal aims to expand across multiple regions simultaneously.
Given this strategic growth strategy, CCV was chosen as an ideal acquisition target due to its strong presence and history as a payments pioneer in the Netherlands, Belgium and Germany. The company played a key role in launching electronic payments in the Netherlands back in the 1970s.
The deal also looks to provide CCV’s existing merchant and partner network with enhanced operational and client support models to allow more businesses to accept card payments throughout the continent.
Michiel Bijleveld, CTIO, CCV, commented: “Businesses are continuously looking for ways to operate more effectively, with added value applications and services in a secure manner. Providing our merchant and partner network with Fiserv’s suite of products allows them to access the latest, best and most reliable payment technology.
“We are proud to be joining the Fiserv family and with our complementary strategic capabilities, provide seamless, end-to-end solutions for our current and future clients.”
