Fiserv (FI) announced that it has signed a multi-year Strategic Managed Services program agreement with TD Bank (TD), where TD Merchant Solutions will utilize Fiserv technology, including Clover for its merchant business. In addition, Fiserv entered into a purchase agreement with TD to acquire a part of TD’s merchant processing business in Canada. The acquisition includes a portfolio of approximately 3,400 TD merchant relationships with 30,000 merchant locations that will migrate to Fiserv’s processing system and Clover.
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