In a P2P Play, Fiserv Snaps up CashEdge for $465 Million in Cash

Jun 29, 2011

In a P2P Play, Fiserv Snaps up CashEdge for $465 Million in Cash


Digital Transaction - Popmoney, however, is CashEdge’s most prominent service. Popmoney’s client list is shorter than ZashPay’s, but it has been in the market longer and its average client is bigger, says Beth Robertson, director of payments research at Javelin Strategy & Research. “What it [the deal] creates is a bigger network for Fiserv,” Robertson says. She adds that both companies have similar “business approaches” in which they were looking beyond P2P payments and toward consumer-to-business and business-to-business payments.

 

Read Full Article