Fiserv Acquires Pineapple Payments from PSG

Pineapple Payments Acquires 1st Payment Systems

January 15, 2021

Payments & Fintech

Pineapple Payments, a Pittsburgh-based payments technology company, acquired Roswell, Georgia-based 1st Payment Systems to expand its direct sales reach and deepen partnerships with associations and Integrated Software Vendors (ISVs). The deal brings 1st Payment's vertical-focused sales capabilities into Pineapple's Transax platform to pursue more ISV and association channel growth; terms were not disclosed.

Fiserv Acquires Pinch Payments

April 8, 2025

Payments & Fintech

Fiserv has acquired Pinch Payments, an Australian payment facilitator and PayFac enablement platform, to strengthen its payment orchestration and PayFac capabilities in the APAC region. Pinch, founded in 2017 and serving roughly 2,000 merchants across Australia and New Zealand, will be integrated into Fiserv’s ecosystem to accelerate go-to-market and expand local merchant solutions including cloud-based offerings like Clover.

FIS Acquires Payrix from PSG and Blue Star Innovation Partners

February 13, 2022

Payments & Fintech

FIS has acquired Payrix, an embedded payments fintech that enables SaaS platforms to embed payments and financial services for SMB merchants. Payrix was sold by an investor group led by PSG (Providence Strategic Growth) and Blue Star Innovation Partners; terms were not disclosed. The deal expands FIS's embedded payments, onboarding and automated underwriting capabilities to accelerate its e-commerce and platform offerings for SMBs.

PSG Makes Growth Investment in Fidelity Payment Services; H.I.G. Growth Partners Remains Minority

July 19, 2022

Payments & Fintech

PSG (Providence Strategic Growth) has made a strategic growth equity investment in Fidelity Payment Services, the operator of the Cardknox omni-channel payments platform. Existing investor H.I.G. Growth Partners sold its majority stake but coinvested in the deal and will remain a minority shareholder; proceeds will support Fidelity's go-to-market acceleration and M&A plans.

Fiserv Acquires Remaining 49.9% Stake in AIB Merchant Services

September 5, 2025

Payments & Fintech

Fiserv has completed the acquisition of the remaining 49.9% of AIB Merchant Services from AIB Group, taking full ownership of the Ireland-based payments acquirer. The deal supports Fiserv's expansion into the broader European market and enables wider deployment of its Clover point-of-sale platform across the region; AIB will continue to refer businesses needing card acquiring services to Fiserv on an exclusive basis.

Fiserv Completes Acquisition of Payfare

March 3, 2025

Payments & Fintech

Fiserv, through its affiliate 1517452 B.C. Ltd., has completed the acquisition of Payfare Inc. under a plan of arrangement. Payfare’s Class A shares will be delisted from the Toronto Stock Exchange and withdrawn from OTCQX, and the company will integrate Payfare’s instant-pay and mobile banking capabilities to expand Fiserv’s payments and fintech offerings.