US fintech firm Fiserv has purchased enterprise POS systems provider Bypass Mobile for an undisclosed sum.
Through the takeover, Fiserv aims to support its next-generation of omni-commerce capabilities.
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The combination is said to boost operational efficiency and offer an enhanced security layer.
The integration of the two firms’ capabilities is also said to offer a holistic picture of customer interactions.
Bypass CEO Brandon Lloyd said: “In an age of increasing customer expectations, it is critical that businesses have a robust and easy-to-use omni-commerce platform.
“In combination with Fiserv, we will help businesses accept payments efficiently while continuing to meet customer expectations by providing a variety of payment options.”
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By GlobalDataThe two parties already share a relationship, with more than 50 stadiums already utilising the integrated technology.
Bypass serves sports and entertainment venues, food service providers and restaurant chains by delivering back office management solutions and insights engines.
Fiserv Global Business Solutions senior group president Devin McGranahan said: “Adding Bypass to our portfolio will make it easier for our clients to realise their digital transformation strategy, delivering interactions their customers are demanding.
“With this combination, we will improve the omni-commerce experience for businesses and their customers, making it easier and more efficient to pay for goods and services.”
Earlier this month, Fiserv snapped up MerchantPro Express as part of a strategy to expand its merchant services business.
