Fiserv announces acquisition of CardFree, terms not disclosed

Fiserv (FI) has acquired CardFree, a platform empowering merchants with customized order, pay, and loyalty solutions. This transaction enhances the capabilities of Clover to support small businesses as they grow into larger, multi-location merchants with complex technical needs. CardFree’s platform will be fully integrated into both the Clover and Commerce Hub ecosystems, adding capabilities such as drive-through software, kiosk and sub-inventory enablement, and providing third-party software integration support in loyalty, delivery services, and property management. The financial terms of the transaction were not disclosed.