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December 16, 2020Blog Posts

Fiserv to buy Ondot Systems to expand digital-first products

Seeking Alpha

  • Fiserv agrees to acquire Ondot Systems to expand its suite of products to enable clients to deliver digital-first and personalized experiences to their customers.
  • The acquisition comes as consumers and businesses continue to embrace online and digital payment technology, a trend that’s only been accelerated by the pandemic.
  • Financial terms of the transaction weren’t disclosed. The deal is expected to close in Q1 2021.
  • Founded in 2011, Ondot processes more than 1B transactions per month and provides digital capabilities for over 30M cards.
  • Fiserv said it plans to further develop the Ondot platform’s interplay between real-time authorization, user context, and artificial intelligence to engage users in-the-moment – before, during and after transactions.
File:Fiserv logo.svg - Wikimedia Commons

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