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.
|