Fiserv, Inc. and PayPal Holdings, Inc. announced an expansion of their global strategic Partnership. This cooperation will simplify the process by which Fiserv’s merchant clients enable PayPal experiences for their consumers.
The expanded relationship, which builds on a long-standing partnership between the two companies spanning several products and services and millions of businesses, makes it easier for Fiserv clients to enable PayPal, Venmo, and related services.
It also gives these businesses a straightforward point of connection to Fastlane by PayPal, which speeds up guest checkout flows in the United States.
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For more than ten years, Fiserv and PayPal have collaborated to provide millions of retailers worldwide with a range of best-in-class merchant and payment services, including payouts, network services, and payment processing.
“We’re excited to deepen our collaboration with Fiserv and extend our innovative products and solutions to a broader audience,” said Frank Keller, Executive Vice President and General Manager Large Enterprise and Merchant Platform Group, PayPal. “This partnership reinforces our commitment to driving excellence in checkout convenience by partnering with leading payment service providers and e-commerce platforms.”
Fiserv is a crucial strategic partner for PayPal, providing the tools and know-how that drive the company’s innovative approach to serving customers in a variety of markets and product categories.
“Fiserv is committed to simplifying the complexities of commerce, creating value for our clients by making it simple for businesses to enable new, engaging experiences for their customer base,” said Jennifer LaClair, Head of Merchant Solutions, Fiserv. “Our expanded partnership with PayPal supports our mission to enhance client value by providing simple, cutting-edge solutions to our clients that elevate and accelerate the commerce experience.”
Fastlane uses PayPal’s decades of payment expertise to speed up guest checkout and allow one-click purchases. Guest shoppers utilizing Fastlane convert over 80% of the time, have up to 50% higher conversion rates, and lower checkout time by 32%*.
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About PayPal
PayPal has transformed global business for 25 years. They simplify, customize, and secure money transfers, sales, and shopping with unique experiences. PayPal connects consumers and businesses in 200 markets to the global economy.
About Fiserv
Fiserv, wants to transport money and information across the world. The global payments and financial technology leader helps clients achieve best-in-class results through innovation and excellence in account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform.
