Fiserv has demonstrated its commitment to invest in its technology and processing services in the coming years, which will be pivotal to Trust Payments’ delivery of data and services to our clients via on-demand APIs and SDKs. This partnership will enable us to continue providing our merchants with the most innovative global commerce services. expands its existing relationship with Finserv to support the company’s ambitious growth and worldwide expansion plans. Trust Payments is a disruptive leader in fintech specializing in frictionless payments and value-added services. The new long-term partnership will allow Trust Payments to provide its clients with on-demand payment capabilities provided by acquiring-as-a-service (AqaaS) capabilities from Fiserv, building on the firms' successful relationship since 2012.
The emergence of AqaaS has enabled a wide variety of fintechs outside financial institutions or big payment processors to become merchant acquirers, hence enabling the acceptance of card payments for their own clients.
Trust Payments is experiencing rapid growth, with a 73% increase in total revenues over the past year, as more merchants recognise the need for digitisation of payments and commerce, partially fueled by the rise in contactless spending and the need to meet the rising demand for omnichannel experiences.
“With this extension, Fiserv will deliver the next generation payment processing capability necessary to support Trust Payments’ growth for years to come. Fiserv has demonstrated its commitment to invest in its technology and processing services in the coming years, which will be pivotal to Trust Payments’ delivery of data and services to our clients via on-demand APIs and SDKs. This partnership will enable us to continue providing our merchants with the most innovative global commerce services.”
- Daniel Holden, Chief Executive Officer of Trust Pyments
Trust Payments is also one of the first companies to implement the Fiserv range of API-enabled services, which enables faster and seamless access to new features.
In a world that is evolving quicker than ever before, Fiserv assists customers in delivering solutions that are compatible with how people live and work today - financial services at the pace of life.