Fiserv will combine three business lines with Bridgeport Partners in a deal expected to close later this year.
Fiserv announced a definitive agreement to form a joint venture with Bridgeport Partners, covering its ATM-managed services, cash and logistics, and MoneyPass businesses. The units will remain under Fiserv’s operation until the transaction closes.
The deal marks a strategic shift for Fiserv, which has not disclosed financial terms or a specific timeline for completion. The joint venture aims to streamline operations in payment and cash management sectors.
No immediate market reaction was reported following the announcement.