Fiserv, a payments and financial services technology company, is acquiring earned wage access provider Payfare.
The acquisition will enhance Fiserv's embedded finance solutions with card program management, a white-label consumer app, and a microservices orchestration layer.
The transaction is expected to close in the first half of next year, pending shareholder and court approval.
The acquisition provides Payfare with enhanced scale and technology to better serve a growing number of large organizations.