Fiserv has acquired CCV, a 67-year-old provider of payment services operating in the Netherlands, Belgium, and Germany, in a move aimed at enhancing the growth of its Clover payment terminal throughout Europe.
Founded in Arnhem in 1958, CCV played a pivotal role in the introduction of electronic payments in the Netherlands during the 1970s. The company boasts a client base of over 600,000 businesses and offers a comprehensive range of services, including transaction processing, online and closed-loop payments, acquiring services, as well as various in-store and self-service payment terminals.
CCV, a privately-owned company, employs approximately 1,000 staff members in its primary markets. This acquisition is expected to create opportunities for Fiserv to cross-sell its product offerings to CCV’s existing client base.
Katia Karpova, head of the EMEA region at Fiserv, stated, “The addition of CCV enables Fiserv to accelerate the deployment of our Clover platform and operating system, providing enhanced capabilities and innovation to our clients across Europe.”