Paysafe and Fiserv Expand Partnership to Boost SMB Growth with Enhanced Capital Access, Fraud Protection, and Digital Wallet Innovation
Paysafe and Fiserv are deepening their partnership to provide more robust support to small and medium-sized businesses (SMBs) through enhanced capital access, fraud protection, and a new digital wallet solution. LONDON--(BUSINESS WIRE)--Paysafe (NYSE: PSFE), a leading payments platform, and Fiserv, Inc. (NYSE: FI), a global provider of financial services technology, are expanding their long-standing collaboration. This move aims to deliver substantial benefits to SMBs, empowering them to grow and operate more efficiently. According to Paysafe CEO, Bruce Lowthers, "Together, we are creating innovative, growth-oriented solutions that unlock new opportunities for SMBs while accelerating our product expansion strategies." A significant component of this expanded partnership is the integration of Fiserv’s Clover Capital solution. This tool offers SMBs streamlined access to capital, a crucial factor in scaling and expanding their operations. Additionally, Paysafe will incorporate Fiserv's Data-as-a-Service (DaaS) solution to bolster its risk and fraud protection capabilities. This enhancement will strengthen security and trust for both consumers and merchants. In the United States, Paysafe and Fiserv are jointly launching a digital wallet tailored for Fiserv’s Clover merchant base. This wallet will facilitate faster settlements and provide a wide array of banking services, simultaneously enhancing the customer experience. The introduction of this wallet marks a significant step in Paysafe’s business wallet platform development, specifically designed for financial efficiency and scalability. Jennifer LaClair, Head of Merchant Solutions at Fiserv, expressed her enthusiasm about the partnership: "Our expanded collaboration with Paysafe reflects our shared commitment to empowering small and mid-sized businesses with the tools they need to thrive in today’s digital economy." Both companies are eager to build on their strong partnership and deliver greater value across the payment ecosystem. They believe that by combining their expertise and resources, they can offer cutting-edge solutions that meet the evolving needs of SMBs. About Paysafe Paysafe is a leading payments platform known for its extensive experience in serving merchants and consumers in the global entertainment sectors. Founded over 29 years ago, Paysafe processes an annualized transaction volume of $152 billion (2024 figures) across 48 currencies and 260 payment types. The company employs approximately 3,300 people in more than 12 countries. Paysafe’s integrated platform supports mobile-initiated transactions, real-time analytics, and the integration of brick-and-mortar and online payments. For more information, visit www.paysafe.com. About Fiserv Fiserv, Inc. (NYSE: FI) is a Fortune 500 company that goes beyond handling financial transactions to offer comprehensive solutions for account processing, digital banking, card issuer processing, network services, payments, e-commerce, merchant acquiring, and processing. Fiserv’s Clover® is recognized as one of the world’s most advanced point-of-sale systems and business management platforms. A member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™, Fiserv continues to innovate in financial technology. To learn more, visit fiserv.com and follow them on social media for the latest company updates.
