Paysafe and Fiserv Expand Partnership to Enhance SMB Growth with Capital Access and Fraud Protection
Paysafe, a leading payments platform, and Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology, are expanding their long-term partnership to deliver enhanced solutions for small and medium-sized businesses (SMBs). This strengthened collaboration focuses on providing SMBs with the tools and resources they need to grow, secure their operations, and access critical capital in an increasingly digital economy.
“We are thrilled to deepen our partnership with Fiserv to create innovative, growth-oriented solutions that will unlock new opportunities for SMBs,” said Bruce Lowthers, CEO of Paysafe. “These new initiatives align perfectly with our strategy to accelerate product expansion and better serve our customers.”
One of the central elements of this expanded partnership is the integration of Fiserv’s Clover Capital solution. This solution provides SMBs with improved access to capital, empowering them to scale their businesses with greater flexibility. By offering faster, more streamlined access to financing, the two companies aim to help business owners meet their working capital needs and fuel growth without the usual barriers to obtaining funds.
Additionally, Paysafe will leverage Fiserv’s Data-as-a-Service solution to further enhance their fraud protection and risk management capabilities. This collaboration will provide stronger security measures, offering peace of mind to both merchants and consumers. Fraud prevention remains a priority in today’s digital payment landscape, and by combining their resources, Paysafe and Fiserv aim to enhance security, build customer trust, and mitigate the risk of fraud within their joint solutions.
In the United States, the partnership is also focusing on launching a digital wallet within Fiserv’s Clover merchant base. This wallet is designed to streamline the settlement process, enabling businesses to receive faster payments while also giving them access to a range of banking services. The goal is to simplify financial transactions, improve cash flow, and enhance the overall customer experience for merchants.
The digital wallet represents a major milestone in the evolution of Paysafe’s business wallet platform. This solution is tailored to meet the growing needs of SMBs by offering an efficient, scalable tool that can easily integrate into their existing financial workflows. Businesses will benefit from a solution that helps them manage their finances, pay employees, and access critical services seamlessly.
“These strategic initiatives reflect the strength and momentum of our partnership with Fiserv,” Lowthers continued. “Our combined efforts are focused on driving innovation and supporting the growth of small and medium-sized businesses. We’re committed to delivering practical solutions that not only enhance the business experience but also help businesses navigate the challenges of today’s fast-evolving financial landscape.”
Fiserv’s commitment to supporting SMBs is equally strong. “Our expanded collaboration with Paysafe underscores our shared dedication to empowering small and mid-sized businesses,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv. “Through this partnership, we’re offering the next generation of digital tools to help businesses thrive, improve efficiency, and succeed in the increasingly competitive digital economy.”
The partnership’s scope is far-reaching, touching on multiple critical aspects of SMB operations. From access to capital and risk management to enhanced payment experiences, Paysafe and Fiserv are combining their expertise to deliver a comprehensive solution set that addresses the diverse needs of SMBs.
By continuing to build on this partnership, Paysafe and Fiserv aim to ensure that SMBs are well-equipped to compete in the digital age. The new digital wallet, which will be integrated with Fiserv’s Clover system, is designed to provide businesses with an all-in-one platform for handling payments, managing cash flow, and accessing banking services. This initiative will help streamline operations and provide businesses with the flexibility they need to succeed in an increasingly digital-first world.
Additionally, the integration of Fiserv’s Clover Capital solution will enable SMBs to quickly access the capital needed to grow, with an emphasis on reducing the barriers typically faced by small business owners when seeking financing. By offering fast and flexible access to funds, this initiative aims to provide businesses with the resources they need to manage cash flow, invest in growth opportunities, and strengthen their financial position.
The ongoing focus on risk protection and fraud prevention also highlights the shared commitment between Paysafe and Fiserv to build secure, trustworthy solutions for SMBs. By leveraging Fiserv’s Data-as-a-Service solution, the partnership is addressing one of the most critical concerns for businesses operating in the digital payments space: security. With this integrated approach, the two companies are equipping businesses with the tools to safeguard transactions, protect sensitive data, and minimize exposure to fraud.
The collaboration is set to create new opportunities for SMBs across the payments ecosystem. As businesses continue to navigate the complexities of an evolving financial landscape, Paysafe and Fiserv’s enhanced solutions provide a robust foundation for growth and success. With their combined expertise, these industry leaders are shaping the future of SMB payments, offering solutions that are both innovative and practical for today’s business owners.
“This collaboration will continue to drive our shared mission of delivering cutting-edge solutions that meet the dynamic needs of small and medium-sized businesses,” Lowthers concluded. “We look forward to seeing the positive impact of these initiatives as we work together to empower businesses to succeed and thrive.”
Through this expanded partnership, Paysafe and Fiserv are not only empowering SMBs to grow and thrive but are also laying the groundwork for future innovations in the payments and financial services sectors. With a focus on accessibility, security, and efficiency, their joint efforts are helping to reshape the way SMBs approach financial management, payment processing, and capital access.
In conclusion, the expanded partnership between Paysafe and Fiserv represents a significant step forward in supporting SMBs with the tools they need to succeed in today’s fast-paced digital economy. By combining their strengths, the two companies are delivering cutting-edge solutions that empower businesses to scale, protect their operations, and enhance customer experiences. With a shared commitment to innovation, security, and customer success, this partnership is set to shape the future of SMB payments and financial services for years to come.
