The transaction will specifically encompass Fiserv’s ATM Managed Services, Cash & Logistics and MoneyPass business lines, according to a Wednesday (May 13) press release. Under the terms of the agreement, which remains subject to customary closing conditions and regulatory approvals, Bridgeport Partners is slated to take over operational control and direct the day-to-day management of these divisions upon closing.
The maneuver aims to pair Fiserv’s client relationships and foundational industry technology with Bridgeport’s track record of scaling financial technology and payments-adjacent platforms, the release said. Bridgeport’s principals bring more than four decades of experience in the banking and payments sector, focusing heavily on “operational excellence” and product innovation within established financial markets.
Moving forward, the two companies will establish a formal governance structure to align on client outcomes and long-term value creation, according to the release. The targeted businesses will remain fully under Fiserv’s operational umbrella until the deal is finalized.
“Fiserv has built strong, durable businesses serving financial institutions, merchants and consumers across the ATM and cash ecosystem,” Fiserv CEo Mike Lyons said in the release. “This agreement reflects our One Fiserv approach, delivering positive client experiences, aligning each business with the operating model and investment best suited to drive growth and client outcomes.”
The move to offload day-to-day management of its ATM and cash logistics divisions follows a challenging financial quarter for Fiserv, which is framing 2026 as a necessary transition period. The payments processor disclosed during an earnings report May 5 that adjusted revenue for the first quarter decreased 2.4% year over year to $4.68 billion, while organic revenue fell by 4%. The company’s financial solutions segment experienced a 6% decline during the quarter.
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During an accompanying earnings call, Lyons pointed to “higher-than-normal” attrition within the core banking segment as a primary hurdle, attributing the client departures to historical customer service issues that the company is working to address.
To stabilize the business and execute its internal One Fiserv strategic plan, the company has recruited external senior executives and is aggressively deploying artificial intelligence to mitigate its banking segment attrition, a strategy that has already reduced the resolution time for client inquiries by 27% compared to the prior year.
By transferring the operational burden of its legacy ATM and cash divisions to Bridgeport Partners, Fiserv seeks to reshape its portfolio to focus resources on resolving its core banking vulnerabilities and expanding high-growth products like its Clover point-of-sale platform.
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