Fiserv, a tech provider for financial services solutions, has acquired Ondot Systems Inc.
Ondot offers digital card and wallet solutions.
It has worked with over 4,500 banks and credit unions.
The acquisition has been completed, but no financial details were given.
What does this mean?
Fiserv says that Ondot will help it expand its digital capabilities so it can offer a wider suite of solutions. It aims, according to President and CEO Frank Bisignano, to “enable clients of all sizes to deliver frictionless, digital-first and personalised experiences to customers”.