Fiserv to acquire Payfare for CAD201m.

Fiserv, a global provider of payments and financial services technology, agreed to acquire Payfare, a provider of program management solutions with a particular focus on new economy workforces for CAD201m. “Payfare has built a reputation as an innovator in workforce payments for gig-economy companies. Together, we can accelerate the delivery of embedded finance solutions for all of our clients, empowering their next chapter of success. We look forward to welcoming the talented Payfare team to Fiserv,” Frank Bisignano, Fiserv Chairman, President and CEO.