Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it has acquired CardFree, an all-in-one platform empowering merchants with customized order, pay, and loyalty solutions. This transaction enhances the capabilities of Clover®, the world's smartest point-of-sale solution, to support small businesses as they grow into larger, multi-location merchants with complex technical needs. CardFree’s platform will be fully integrated into both the Clover and Commerce Hub ecosystems, adding capabilities such as drive-through software, kiosk and sub-inventory enablement, and providing third-party software integration support in loyalty, delivery services, and property management. The financial terms of the transaction were not disclosed.
Founded by the team that developed the original Starbucks and Dunkin’ mobile apps, CardFree is a versatile, frictionless, easy-to-use mobile ordering and payment platform with patented technology that integrates across the whole order, pay, and loyalty ecosystem. CardFree integrates with nearly all POS systems and payment processors on the market – enabling merchants to use one checkout process for all orders, including third-party delivery.
“Today’s acquisition builds on the strong foundation Clover and CardFree have created through our work together and positions us to further expand Clover’s capabilities across the hospitality, restaurant and lodging industries,” said Takis Georgakopoulos, Chief Operating Officer, Fiserv. “Integrating CardFree’s technology into Clover enhances our platform’s scalability and flexibility, empowering hospitality businesses to drive growth through elevated customer experiences.”
“Joining Fiserv is an incredible opportunity for the CardFree team and takes our mission to bring the most advanced restaurant and hospitality solutions to market to the next level,” said Jon Squire, Founder & CEO at CardFree. “Having collaborated closely with the Fiserv team, I’m confident we’re uniquely positioned to address the growing needs of hospitality operators with a best-in-class suite of tools that streamline operations and elevate guest experience.”
