Fiserv has signed a multi-year Strategic Managed Services agreement with TD Bank Group to support TD Merchant Solutions using Fiserv’s Clover point-of-sale technology. The deal also includes Fiserv’s acquisition of a portion of TD’s Canadian merchant processing business, comprising 3,400 merchant relationships across 30,000 locations.
These will migrate to Fiserv’s processing systems and expand Clover’s footprint in Canada. Executives from both companies cited the benefits for small and medium-sized businesses, which will gain access to advanced payment tools and integrated banking solutions. The partnership strengthens Fiserv’s presence in Canada’s competitive fintech and merchant services market.
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