Fiserv Expands European Presence with AIB Merchant Services Acquisition

Fiserv has completed its acquisition of the remaining 49.9% of AIB Merchant Services, a joint venture with AIB Group. The acquisition supports Fiserv's growth in the European market, particularly for its Clover point-of-sale system. AIB Group will continue to refer businesses to Fiserv for card acquiring services on an exclusive basis.

Fiserv Inc. (NYSE: FI) has completed its acquisition of the remaining 49.9% stake in Allied Irish Banks Merchant Services (AIBMS), a joint venture with AIB Group. The acquisition, advised by DLA Piper, supports Fiserv's strategic expansion in the European market, particularly for its Clover point-of-sale (POS) system [1].

The acquisition allows Fiserv to drive continued growth in Ireland and across the wider European market. AIB Group will continue to refer businesses to Fiserv for card acquiring services on an exclusive basis. This strategic move enhances Fiserv's position in the European market, where it is already a leading provider of payments and financial technology solutions [1].

Fiserv's Clover POS system, known for its innovation and excellence in areas including card issuer processing and network services, merchant acquiring and processing, and point-of-sale systems and business management platforms, will benefit significantly from this acquisition. The integration of AIBMS's extensive merchant relationships and payment processing capabilities will further strengthen Fiserv's offerings in the region [1].

This acquisition follows Fiserv's recent strategic partnerships and expansions, including the acquisition of CardFree, an all-in-one platform specializing in order, payment, and loyalty solutions, which enhances Fiserv's Clover POS ecosystem [2]. Additionally, Fiserv has reported strong financial results for the second quarter of 2025, with GAAP revenue growing 8% to $5.52 billion and GAAP EPS increasing 22% to $1.86 [2].

References:
[1] DLA Piper. (2025, September 4). DLA Piper Advises Fiserv on Strategic Acquisition of AIB Merchant Services. Retrieved from https://www.dlapiper.com/en-gb/news/2025/09/dla-piper-advises-fiserv-on-strategic-acquisition-of-aib-merchant-services
[2] Stocktitan. (2025, September 2). Fiserv News. Retrieved from https://www.stocktitan.net/news/FI/