Fiserv To Buy Bill PaymentService
BROOKFIELD, Wis. - (07/28/05) -- Fiserv announced Wednesday it hasagreed to acquire BillMatrix Corp., a Dallas-based provider ofelectronic bill payment services. Fiserv will add BillMatrix to itsgrowing payments business, which includes Internet bill payment andpresentment, cash management products and services, debit/ATMtransactions, credit cards, checks, currently and lockbox, andautomated clearinghouse services. Terms of the deal were notdisclosed. BillMatrix is majority owned by Great Hill Partners, aBoston private equity firm and outside investors, with theremainder owned by management and employees.