Paysafe will utilise Fiserv’s Data-as-a-Service solution to strengthen its risk and fraud protection, thereby updating security and trust for both consumers and merchants.
Paysafe and Fiserv, Inc. have expanded their partnership to focus on initiatives that help small and medium-sized businesses (SMBs). Fiserv is a provider of payment and financial technology, helping clients achieve results in areas such as account processing, digital banking, card issuer processing, payments, ecommerce, merchant services, and the Clover POS system.
A key initiative stemming from this partnership is the integration of Fiserv’s Clover Capital solution, which seeks to increase access to capital for SMBs, facilitating their growth and expansion.
Moreover, Paysafe will utilise Fiserv’s Data-as-a-Service solution to strengthen its risk and fraud protection, thereby updating security and trust for both consumers and merchants.
Collaborative Launch of a Digital Wallet
In the US, the two companies are working together to introduce a digital wallet within Fiserv’s Clover merchant network. This wallet will enable businesses to have quicker settlements and a comprehensive suite of banking services, all while improving the customer experience.
This development represents a step forward in Paysafe’s business wallet platform, providing a solution focused on financial efficiency and scalability.
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