Fiserv To Snap Up CashEdge For $465M

Law360, New York (June 29, 2011, 7:39 PM EDT) -- Wisconsin-based financial sector technology service provider Fiserv Inc. said Wednesday that it would pay $465 million for CashEdge Inc. in an effort to speed up its digital payment and channel strategies.

The acquisition of CashEdge, which provides payment technology for consumers and businesses, must still be approved by regulators but is expected to close by September, the companies said in a statement.

"CashEdge provides an attractive suite of solutions to further enable the delivery of a highly differentiated payments experience for financial institutions and their customers,...
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