Fiserv Acquires M-Com to Enhance Mobile Banking Capabilities
Fiserv, a provider of financial services technology solutions, has acquired Mobile Commerce (M-Com), an international mobile banking and payments provider, to enhance Fiserv’s existing mobile channel capabilities. The two companies have been partners since 2008, developing and delivering Mobile Money from Fiserv to hundreds of financial institutions.
M-Com chief executive officer (CEO) Adam Clark and all employees of M-Com will join Fiserv as part of the transaction.
“Technology advancements and consumer usage patterns are converging across online and mobile channels,” said Steve Olsen, group president, Digital Payments, Fiserv. “The acquisition of M-Com will enhance our ability to provide anywhere, anytime access to consumers who want their finances at their fingertips. Together, we will deliver best-in-class digital solutions for our clients, enabling a superior user experience for their customers.”