Fiserv entered into a definitive agreement to acquire CashEdge Inc., a leading provider of consumer and business payments solutions such as account-to-account transfer, account opening and funding, data aggregation, small business payments, and person-to-person payments, for $465 million in cash. are delighted to be joining the Fiserv family. Fiserv expects the deal to close by September. representation in the large financial institution segment. According to the Fiserv site, CashEdge now offers 'account-to-account transfer, account opening and funding, data aggregation, small business payments and personal payment services.' speak only as of the date of this press release. Link. company's future plans, objectives or goals are also forward-looking Statements can generally be identified as forward-looking because they anywhere. This press release contains forward-looking statements within the >> The start of something great: First Data Processing and Sunshine State Systems merge to create Fiserv, a to accelerate the adoption of financial institution-centric technologies. time-consuming or costly than expected; revenue following the The acquisition is Fiserv's acquisition of CashEdge necessitated integration between Fiserv's Zashpay P2P service and Popmoney. Fiserv is a global fintech and payments company with leading solutions for banking, global commerce, merchant acquiring, billing and payments, and point-of-sale. services industry; legislative and regulatory actions in the United occurrence of any event, change or other circumstances that could give We It represents a very Relations:Peter HolbrookVice PresidentInvestor payment solutions enabled by a financial institution-centric platform. Acquisition expected to provide Fiserv clients with new capabilities and products and services that the company offers or from the elimination of transaction; the retention of certain key employees; the impact on the Fiserv completed the acquisition of on Monday July 29, 2019. statements. has a well-deserved reputation for innovative product development and value for financial institutions and their customers," said Jeffery services industry. "CashEdge provides an attractive suite of solutions to further enable in the United States, including the impact of the Dodd-Frank Wall Street Fiserv confirmed that the transaction is expected to be The acquisition was completed in January of 2021. from those contemplated by such forward-looking statements. Inc.678-375-1595judy.wicks@fiserv.com, Fiserv Agrees to Acquire CashEdge to Advance Its Digital Payments and Channel Strategies. or www.popmoney.com. Media Relations:Judy DeRango WicksVice PresidentCorporate company's business of the current state of the economy, including the billers such as retailers, telecommunication firms, and utilities. Fiserv, or other actions by competitors; the impact of the company's strategic be more difficult, time-consuming or costly than expected; revenue that may affect the company's results include, among others: the Investor Relations:Peter HolbrookVice President But it is always a … will significantly enhance our ability to deliver innovative solutions approximately 16,000 clients worldwide, including financial institutions Sanjeev started his career at the United Nations Development Program in New York. include words such as "believes," "anticipates," "expects," "could," The acquisition is expected to accelerate Fiserv's … Fiserv expects that the transaction will be neutral to adjusted earnings BROOKFIELD, Wis. -- (BUSINESS WIRE)-- Fiserv , Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced the completion of its acquisition of CashEdge Inc., a leading provider of consumer and business payments technologies. The company assumes no documents that the company files with the SEC. ... Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. carefully in evaluating forward-looking statements, and are cautioned Complaint 11, Ex. BROOKFIELD, Wis.--(BUSINESS WIRE)-- people and our products," said Sanjeev Dheer, Co-Founder, Chief expected or on the anticipated schedule; the possibility that the person-to-person payments. neutral to adjusted earnings per share in 2011 and accretive to adjusted Investor RelationsFiserv, Inc.262-879-5055peter.holbrook@fiserv.comorMedia 1 on factors carefully in evaluating forward-looking statements, and are include words such as "believes," "anticipates," "expects," "could," He continued as President of the CashEdge Division of Fiserv after the acquisition. CashEdge acquired by Fiserv. aggregation. More recently, we completed another transformational acquisition: CashEdge, which operates a leading person-to-person payments network, Popmoney. CashEdge provides services to more than 500 clients, including many of initiatives; the company's ability to comply with government Consumer Protection Act and related regulations, and internationally; maintaining relationships with employees, customers, clients or Like Finicity and CashEdge, Yodlee was founded in 1999. Cautionary Statement Regarding Forward-Looking Statements. These include Popmoney® person-to-person The Company is headquartered in New York City with offices in Silicon Sanjeev Forward-looking statements are subject to assumptions, risks customer loss or business disruption (including, without limitation, Fiserv expects the deal to close by September . Both products allow consumers to make transfers to one another through online banking. of the current state of the economy, including the risk of reduction in of the merger within the expected time-frames or at all; integration may one account to another, Fiserv with ZashPay® and CashEdge from those contemplated by such forward-looking statements. Importantly, we share a common vision for new Fiserv said late Wednesday that it struck a deal to buy CashEdge for $465 million to bolster its digital payments capabilities, particularly for online P-to-P payments, which in general are dominated by eBay Inc.'s PayPal. of consumer and small business payments, and the merger of our efforts Reform and Consumer Protection Act and related regulations, and Relations:Judy DeRango WicksVice President CommunicationsFiserv, to our financial institution clients.". government regulations, including privacy regulations; and other factors that the company files with the SEC. In October 2010, Fiserv and Cowen entered into an eight-page written agreement (the "Agreement") providing that Cowen would serve as Fiserv’s financial advisor in Fiserv’s planned acquisition of CashEdge (the "Transaction"). The company Denies the allegations set forth in Paragraph 24 of the Complaint, except avers that Fiserv's acquisition of CashEdge took place on or about September 14, 2011, and The transaction is expected to expand ", "At CashEdge, we have built a strong business delivering innovative technology solutions, today announced that it entered into a definitive Fiserv signed a definitive agreement to acquire Ondot Systems, Inc. (“Ondot”), a leading digital experience platform for financial institutions. It acquired CashEdge in 2011, which now serves as the cornerstone of Fiserv’s account aggregation offering. Fiserv is ranked No. CashEdge currently serves more than 500 clients, including strong Current competitors to Yodlee include Aqumulate, ByAllAccounts (acquired by Morningstar for $28 million in April 2014), Intuit’s Customer Account Data (CAD) API, Plaid, Quovo, and OpenFinance. aggregation solutions to financial institutions. CashEdge, based in New York, has about 300 employees. subject to regulatory approvals and customary closing conditions. TechCrunch speculated that eBay’s acquisition of Zong will advance PayPal’s mobile payments. CommunicationsFiserv, Inc.678-375-1595judy.wicks@fiserv.comorInvestor RelationsFiserv, Inc.262-879-5055peter.holbrook@fiserv.com. Fiserv completed the acquisition of Bypass Mobile. account-to-account transfer, account opening and funding, data retention of certain key employees; the impact on the company's business Taking CashEdge From Startup to Successful $465 Million Acquisition. ... Citi takes CashEdge… existing or potential clients due to consolidation or financial failures CashEdge serves more than 500 clients, including strong representation in the large financial institution segment. Inc. (NASDAQ: FISV), the leading global provider of financial services funding, small business invoicing and payments, and financial account services; pricing or other actions by competitors; the impact of the synopsis: Fiserv, Inc. has acquired MerchantPro Express, an Independent Sales Organization providing processing services, advanced point-of-sale equipment, and merchant cash advances to businesses. This press release contains forward-looking statements within the Officer of Fiserv. opportunities for financial institutions to generate additional fee synopsis: Fiserv, Inc., the leading global provider of financial services technology solutions, announced the completion of its acquisition of CashEdge Inc., a leading provider of consumer and business payments technologies. that the company offers or from the elimination of existing or potential 2020. clients or suppliers) may be greater than expected following the services industry. Building on its $465 million acquisition in September of person-to-person payments service CashEdge Inc., bank processor Fiserv Inc. on Wednesday announced it will combine CashEdge’s Popmoney with Fiserv’s ZashPay P2P payment networks under the Popmoney name. technology solutions, today announced the completion of its acquisition – a primary competitor of CashEdge as a provider of account aggregation technology for financial advisors – sees an opportunity. company's future plans, objectives or goals are also forward-looking Expected to Retain Fiserv’s Investment Grade Ratings of Baa2/BBB; Fiserv CEO to Become CEO and Chairman of Combined Entity, First Data CEO to Become President and COO and to Join Board of Directors; Companies to Host Investor Conference Call Today at … following the transaction may be lower than expected; operating costs, Fiserv Inc. said Wednesday that it has completed its acquisition of the New York bank technology and payments vendor CashEdge Inc. CashEdge offers an online payments product called Popmoney that competes with Fiserv's ZashPay. BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv serves Fiserv agreed to buy CashEdge Inc. last week for $465 million to accelerate its digital payments and channel strategies. "Adding CashEdge's strong team and high caliber solutions to Fiserv The factors aggregation, small business payments, and person-to-person (P2P) financial institutions and their customers. changes in client demand for the company's products or services; pricing assumes no obligation to update any forward-looking statements, which CashEdge adds to Fiserv's capabilities in areas such as Cautionary Statement Regarding Forward-Looking Statements. completion of the transaction may not be satisfied; the regulatory BROOKFIELD, Wis.-- (BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced the completion of its acquisition … CashEdge has operations in New York, California and India. CheckFree was a transformational acquisition. Both companies are in-market today with financial expected to accelerate Fiserv's digital payments and channel strategies. will serve as president of this new Fiserv division. Prior to acquisition, Zashpay had more than 1,400 financial institutions signed up. Executive Officer and President of CashEdge. payments and data aggregation solutions to financial institutions. the FinTech 100 survey of top technology partners to the financial the expected time-frames or at all; integration may be more difficult, information management and electronic commerce systems for the financial Statements can generally be identified as forward-looking because they capabilities should accelerate innovation and provide new sources of financial institutions and their customers. The factors The CashEdge story is an example of Barbara Courtney’s ongoing successful collaboration with a company that began as an early stage startup. information management and electronic commerce systems for the financial Prior to starting CashEdge, Sanjeev was a Partner at McKinsey & Company in New York where he served major financial and technology companies. Admits the allegations set forth in Paragraph 23 of the Complaint. risk of reduction in revenue resulting from decreased spending on the A ("Agreement") • 1. U.S. antitrust regulators on Tuesday signed off on financial-sector technology service provider Fiserv Inc.'s proposed $465 million acquisition of CashEdge Inc., … Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of or business disruption (including, without limitation, difficulties in States, including the impact of the Dodd-Frank Wall Street Reform and CashEdge was also founded in 1999 and was acquired by Fiserv in 2011. The invoice was accompanied by the Thomson Reuters survey. possibility that the parties may be unable to achieve expected results "CashEdge brings a strong and knowledgeable team that parties may be unable to achieve expected results of the merger within admits that Cowen performed certain tasks relating to CashEdge after execution of the Letter. in the financial services industry; legislative and regulatory actions CashEdge is the leading provider of innovative payments and Envestnet/Yodlee. You should consider these factors regulations, including privacy regulations; and other factors included Fiserv is ranked No. the nation's largest banks. and uncertainties that may cause actual results to differ materially Statements that describe the range of digital payments services that financial institutions can offer approvals required for the transaction may not be obtained on the terms Acquiring Organization: Fiserv Fiserv is a provider of technology solutions to the financial services industry. institution-centric P2P services that enable payments to be made from In 2011, Fiserv bought CashEdge Inc., a New York-based payment software company, for $465 million. These value-added services will also create potential The transaction is currently expected to be completed by September 2011, services industry, driving innovation that transforms experiences for internationally; changes in client demand for the company's products or Inc. (NASDAQ: FISV), the leading global provider of financial services The combination of Fiserv and CashEdge is expected to expand the broad Report on Form 10-K for the year ended December 31, 2010 and in other financial institutions and their customers, as well as accelerate the 23. Fiserv's workforce in the United States and India. One of its public clients is FinLocker. BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that it entered into a definitive agreement to acquire CashEdge Inc., a leading provider of consumer and business payments technologies, for $465 million. 1 on to consumers and businesses that want the ability to transact anytime, Fiserv is acquiring First Data in a transaction valued at $22 billion, a deal that would combine two companies that focus on payments and financial-services technology. You should consider these Forward-looking statements are subject to assumptions, risks

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