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Fiserv Acquires Earned Wage Access Firm Payfare

  • 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.

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