Fiserv bolstered its technology toolbox through an acquisition last week.
The global provider of payments and financial services technology solutions announced the acquisition of Bypass Mobile, an independent software vendor (ISV) and innovator in enterprise point-of-sale systems.
Officials explained the acquisition of Bypass will help power the next generation of omni-commerce capabilities from Fiserv, enabling enterprise businesses to deliver a seamless customer experience that spans physical and digital channels.
According to a news release, terms of the transaction were not disclosed.
Fiserv highlighted that Bypass provides robust back-office management tools and rich insights engines for sports and entertainment venues, food service management providers and national restaurant chains. The acquisition builds on an existing strategic relationship through which Bypass software is integrated into Fiserv technology.
More than 50 major stadiums and arenas already leverage the combination of Bypass and Fiserv technology, including Fiserv Forum in Milwaukee, Clover Park in Port St. Lucie, Florida and Citi Field in New York.
“Adding Bypass to our portfolio will make it easier for our clients to realize their digital transformation strategy, delivering interactions their customers are demanding,” said Devin McGranahan, senior group president of global business solutions at Fiserv. “With this combination, we will improve the omni-commerce experience for businesses and their customers, making it easier and more efficient to pay for goods and services.
“We look forward to working with Brandon and the Bypass team to make omni-commerce smoother and simpler for clients and their customer,” McGranahan continued.
The company insisted the powerful combination can enable the creation of new, secure purchasing experiences across connected devices, as Bypass integrates with the universal commerce platform from Fiserv. Businesses now can work with a single provider and benefit from increased operational efficiency, improved security and a more complete picture of customer interactions.
“We have long admired Fiserv and their commitment to delivering continuous innovation on behalf of their clients,” Bypass chief executive officer Brandon Lloyd said. “In an age of increasing customer expectations, it is critical that businesses have a robust and easy-to-use omni-commerce platform.
“In combination with Fiserv, we will help businesses accept payments efficiently while continuing to meet customer expectations by providing a variety of payment options,” Lloyd went on to say.
For more information on universal commerce capabilities from Fiserv, visit fisv.co/universalcommerce.