Fiserv acquires bank payments solutions company

Freeman Staff

August 21, 2017

BROOKFIELD — Brookfield-based Fiserv, Inc., a global provider of financial services technology solutions, announced Monday it has acquired Dovetail Group Limited, a provider of bank payments and liquidity management solutions.

According to the announcement, the acquisition of Dovetail allows Fiserv to help financial institutions around the world transform their payments infrastructure to meet the evolving needs of wholesale, commercial and retail customers. Financial terms of the sale were not disclosed.

“As payments transform at the speed of life, we expect to enable financial institutions to influence and direct a larger share of the payment value chain,” said Jeffery Yabuki, president and chief executive officer of Fiserv, in a statement. “Together, Dovetail’s strong capabilities and our market-leading solutions create a powerful combination for Fiserv to deliver differentiated value for financial institutions and their customers.”