Fiserv to acquire Pineapple Payments from PSG.

Fiserv, a global provider of payments and financial services technology solutions, agreed to acquire Pineapple Payments, a payment processing, proprietary technology and omni-channel payment acceptance solutions provider from PSG. The transaction is subject to customary approvals and closing conditions and is expected to close in the second quarter of 2021. Financial terms were not disclosed. “With Pineapple Payments already operating as a key distribution partner of Fiserv, we expect to accelerate the delivery of new and innovative capabilities to a host of new merchant clients. Together, we will provide omni-channel payments technology and services to enable merchants to maximize the potential of electronic payment processing. We look forward to welcoming Pineapple Payments to the Fiserv family and continuing to provide the best-in-class solutions and service that merchants and their customers expect,” Frank Bisignano, Fiserv President and CEO.