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Announced

ATM and Debit Servicing business from Fiserv Inc. for $690m.

Synopsis

ATM and Debit Servicing business, which is part of the company’s Elan Financial Services unit, to Fiserv Inc., a firm provides financial services technology worldwide, for approximately $690 million. The sale includes business assets and a debit card processing network previously acquired by the Company. U.S. Bancorp made the decision to sell this portion of the business, which also operated as Elan ATM and Debit Processing, following a strategic review of the business unit.

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