PayPal and Fiserv join forces to streamline merchant checkout, offering a seamless and convenient experience for customers.
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| Streamline your payment processes with PayPal and Fiserv's expanded partnership, providing a simple and efficient solution for merchants. Image Courtesy: PayPal |
SAN JOSE, California, USA– August 29, 2024:
PayPal Holdings and Fiserv, Inc. have announced an expansion of their strategic partnership to streamline how merchant clients of Fiserv can enable PayPal experiences for their customers. This expanded relationship will simplify the process for Fiserv clients to integrate PayPal, Venmo, and related services into their businesses.
The partnership between PayPal and Fiserv dates back over a decade, encompassing various areas such as payment processing, payouts, network services, and other e-commerce capabilities. Fiserv plays a crucial role in delivering technology and capabilities that support PayPal's customer-centric innovation.
"We are excited to deepen our collaboration with Fiserv and extend our innovative products and solutions to a broader audience," said Frank Keller, Executive Vice President and General Manager of Large Enterprise and Merchant Platform Group at PayPal. "This partnership reinforces our commitment to driving excellence in checkout convenience by partnering with leading payment service providers and e-commerce platforms."
Jennifer LaClair, Head of Merchant Solutions at Fiserv, emphasized the company's dedication to simplifying commerce and creating value for its clients. "Our expanded partnership with PayPal supports our mission to enhance client value by providing simple, cutting-edge solutions that elevate and accelerate the commerce experience," she said.
Fastlane, a PayPal product, accelerates the guest checkout experience, allowing users to complete their purchases with just one click. This has resulted in significant improvements in conversion rates and reduced checkout times for merchants utilizing Fastlane.
PayPal and Fiserv's expanded partnership highlights their commitment to providing innovative and efficient payment solutions to businesses and consumers alike.