Fiserv (FI) announced that it has agreed to acquire the remaining 49.9% of AIB Merchant Services, its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and the broader European market. Founded in 2007, AIBMS is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers. Financial terms of the transaction were not disclosed. The transaction is subject to regulatory approvals and closing conditions and is expected to close in the third quarter.
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