Fiserv to acquire the remaining 49.9% stake in AIB Merchant Services from AIB Group.

Fiserv, a global provider of payments and financial services technology, agreed to acquire the remaining 49.9% stake in AIB Merchant Services, a provider of payment solutions, from AIB Group, a commercial bank in the Republic of Ireland. Financial terms were not disclosed. “We have enjoyed a strong partnership with AIB Group, as together we grew AIBMS into one of the leading acquirers in Europe, and I look forward to continuing to work closely with them to support our mutual clients. Our focus will remain on delivering market-leading solutions to clients of all sizes across Ireland and the broader European market. We are particularly excited for the opportunity to accelerate the local penetration and growth of Clover, the world's smartest point-of-sale system and business management platform,” Katia Karpova, Fiserv Head of the EMEA.