Fiserv Readies One of Its Two Debit Networks For Sale
By PYMNTS
AI summary of the source article
Fiserv could sell one of its two debit networks to the right bidder, according to CEO Takis Georgakopoulos. The company is migrating clients to a single network over the next few quarters because it does not need two.
Why it matters
Fiserv is consolidating onto one network "because we do not need to have two."
Key facts
- Fiserv may sell one of its two debit networks to the right bidder.
- The company is migrating clients to one of the networks over the next few quarters.
- CEO Takis Georgakopoulos stated at Citi's annual FinTech conference that the company does not need two networks.
Source excerpt · PYMNTS
Fiserv’s CEO said the company could sell one of its two debit networks to the right bidder. The financial services technology company is migrating clients to one of the two networks over the next few quarters “because we do not need to have two,” Takis Georgakopoulos told an audience at Citi’s annual FinTech conference this […] The post Fiserv Readies One of Its Two Debit Networks For Sale appeare…