Fiserv Inc. has agreed to buy software company Ondot Systems, Inc. The acquisition will expand financial technology provider Fiserv’s digital capabilities.
Ondot’s platform helps financial institutions provide consumers with easier control of their credit and debit card payments. “By combining Ondot and Fiserv capabilities at scale, we plan to provide our clients with a unified digital experience, spanning card-based payments, digital banking platforms, core banking, and merchant solutions, enabling them to deliver best-in-class solutions that continue to reduce friction for their customers.” says Fiserv president and CEO Frank Bisignano.
Fiserv aims to help clients increase online customer acquisition with the purchase, according to a Fiserv press release.