Fiserv's Clover Enters Healthcare Market with PracticePay Service

Fiserv's Clover, a small business-focused point-of-sale system, will launch PracticePay, a payment system tailored to the needs of healthcare providers. The service will be available in early 2026 and will offer payment features such as recurring billing and financing options, as well as payment through text messages, QR codes, and online portals. Clover will comply with healthcare data and privacy laws and will be available for a range of healthcare fields, including primary care, dental, and behavioral health.

Fiserv, a leading payments and financial technology company, has announced that its small business-focused point-of-sale system, Clover, will introduce a new payment system tailored to the needs of healthcare providers. Dubbed PracticePay, this platform is set to launch in early 2026, marking a significant expansion of Clover's services into the healthcare sector [1].

The new service, developed in collaboration with Rectangle Health, a pioneer in healthcare payment solutions, aims to address the growing demand for digital payment experiences in healthcare. PracticePay will offer a range of features designed to enhance the payment journey for both healthcare providers and patients. These features include recurring billing, financing options, text-to-pay, QR code payments, and online payment portals, all accessible through a branded Clover dashboard [1].

Clover PracticePay is designed to comply with HIPAA and PCI requirements, ensuring that healthcare practices can operate efficiently while maintaining the highest standards of data and privacy protection. The platform is intended for a wide range of healthcare fields, including primary care, dental services, and behavioral health [1].

Katie Whalen, Senior Vice President of Small Business Strategy for Fiserv, highlighted the importance of this new solution, stating, "Healthcare is an important vertical for the banking industry, and with this new solution, we are enabling our financial institution partners to better serve a critical customer base within their communities" [1].

This expansion into the healthcare sector is part of Fiserv's broader strategy to enhance the Clover platform and target new markets. By partnering with Rectangle Health, Fiserv aims to provide specialized solutions that meet the unique needs of healthcare providers, thereby improving their operational efficiency and patient experience [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250721597116/clover-expands-support-to-healthcare-with-announcement-of-clover-practicepay-powered-by-rectangle-health-a-seamless-modern-payment-solution-for-providers