TechnologyFiserv partners with Brazil's Caixa Economica Federal in card deal

Reuters
1 minute read

Payments company Fiserv (FISV.O) has reached a deal with Brazilian state-controlled lender Caixa Economica Federal to offer its card services to the bank's clients, according to a securities filing on Monday.

The deal estimates a total payment volume processed of 457 billion reais ($84.06 billion) throughout the next 20 years. The value of the deal has not been disclosed.

($1 = 5.4364 reais)

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