Fiserv completes BillMatrix acquisition
Fiserv, Inc. (Nasdaq:FISV) said today that it has completed its previously announced acquisition of BillMatrix Corp., a provider of expedited electronic bill payment services.
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BillMatrix, founded in 1994, provides billers with an outsourced payment solution that allows their customers to get immediate credit for bills paid online or over the phone using electronic checks, debit cards or credit cards. The company's more than 120 clients include utilities, telecommunications providers, insurance companies and lenders. Acquisition of BillMatrix, based in Dallas, allows Fiserv to add a fast-growing niche to its already significant payments business.