Fiserv has announced a strategic agreement with TD Bank Group that will expand its presence in Canada and bring its Clover point-of-sale technology to thousands of merchants across the country. The deal includes a multi-year managed services arrangement and the acquisition of a portion of TD’s Canadian merchant processing business.
Under the agreement, TD Merchant Solutions will adopt Fiserv’s technology stack, including the Clover platform, to power its merchant services. In parallel, Fiserv will acquire approximately 3,400 TD merchant relationships representing 30,000 locations. These will transition to Fiserv’s processing infrastructure and be equipped with Clover hardware and software.
“I look forward to welcoming all businesses to our platform”
Takis Georgakopoulos, Chief Operating Officer at Fiserv, commented, “We are pleased to expand Clover’s reach and increase our commitment to Canada through this partnership with TD. This agreement reinforces our strong relationship with TD and underscores our shared commitment to delivering value to clients. I look forward to welcoming all businesses to our platform.”
TD will continue to provide business banking services to its clients while leveraging Fiserv’s infrastructure for payment acceptance. The partnership is designed to support Canadian small and medium-sized businesses with integrated tools for payments, operations, and growth.
Barbara Hooper, Group Head, Canadian Business Banking, TD Bank Group, commented, “At TD, we are focused on helping our business clients succeed. This strategic relationship with Fiserv will directly benefit our clients by combining Clover, Fiserv’s innovative merchant product offering, with our business banking solutions, providing our merchants with the capability to leverage the latest technology to process payments and grow.”
Fiserv said the transaction is expected to close later this year, pending customary closing conditions. Financial terms were not disclosed.
The move strengthens Fiserv’s position in Canada while extending the reach of its Clover ecosystem, which combines point-of-sale hardware with cloud-based business management tools. The company expects the agreement to support long-term adoption of its payments and software solutions in the Canadian market.
Fiserv takes full control of AIB Merchant Services
Fiserv also agreed to acquire the remaining 49.9% stake in AIB Merchant Services (AIBMS), bringing the joint venture with AIB Group under its full ownership. The deal, which remains subject to regulatory approvals, is expected to close in the third quarter of 2025.
Fiserv brings Clover to Brazil via Money Money acquisition
Fiser entered into a definitive agreement to acquire Brazilian fintech Money Money Servicos Financeiros S.A., a financing engine connected to the receivables’ registry infrastructure regulated by the Brazil Central Bank. Money Money provides working capital and other financial solutions to SMBs, based on a robust business analysis. Its technology and expertise in the segment complement Clover’s strategy of supporting the development of Brazilian SMBs in their payment, management, and cash flow needs.
