Fiserv Acquires Prepaid Cards Provider
BROOKFIELD, Wis. – The acquisitive Fiserv, fresh off two deals earlier this week, on Wednesday said it has acquired Maverick Network Solutions, a Delaware-based provider of advanced prepaid, reward and incentive card programs.
Fiserv will offer prepaid processing, turn-key program management, and support of general purpose reloadable and payroll cards for financial institutions and corporations.
The company said the next generation of prepaid cards allows Fiserv to add the convenience of reloadable, brandable cards to its payment networks, including CheckFreeRXP and CheckFreePay, ACCEL/Exchange, and ZashPay.
Earlier this week, Fiserv announced deals to acquire Atlanta-based mobile services provider M-Com and Credit Union On-Line, a Waltham, Mass., CUSO that that runs an outsourced version of an account-processing solution from Fiserv.