Fiserv, Inc. Completes Acquisition of BillMatrix Corp.
Fiserv, Inc. Completes Acquisition of BillMatrix Corp.
August 12, 2005
Fiserv, Inc. Completes Acquisition of BillMatrix Corp.BROOKFIELD, Wis.--Aug. 12, 2005--Fiserv, Inc. (Nasdaq:FISV) said today that it has completed its previously announced acquisition of BillMatrix Corp., a provider of expedited electronic bill payment services.
BillMatrix, founded in 1994, provides billers with an outsourced payment solution that allows their customers to get immediate credit for bills paid online or over the phone using electronic checks, debit cards or credit cards. The company's more than 120 clients include utilities, telecommunications providers, insurance companies and lenders. Acquisition of BillMatrix, based in Dallas, allows Fiserv to add a fast-growing niche to its already significant payments business.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
BillMatrix, founded in 1994, provides billers with an outsourced payment solution that allows their customers to get immediate credit for bills paid online or over the phone using electronic checks, debit cards or credit cards. The company's more than 120 clients include utilities, telecommunications providers, insurance companies and lenders. Acquisition of BillMatrix, based in Dallas, allows Fiserv to add a fast-growing niche to its already significant payments business.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.