Fiserv to Acquire Digital Experience Platform Ondot Systems

Fiserv, Ondot | December 28, 2020

Fiserv, Inc. a main worldwide supplier of financial services technology solutions, today reported that it has consented to a conclusive arrangement to obtain Ondot Systems, Inc. a main digital experience stage for financial institutions. The transaction will additionally grow Fiserv digital capacities, upgrading its set-up of coordinated solutions to empower clients, everything being equal, to convey frictionless, digital-first and personalized experiences to their buyers.

Established in 2011, Ondot processes more than 1 billion transactions per month and gives digital abilities to more than 30 million cards. Fiserv plans to additionally build up the Ondot stage's extraordinary interchange between continuous approval, client setting, and man-made reasoning ("AI") to draw in clients in-the prior second, during and after transactions.

“The importance of digital has accelerated and consumers are increasingly turning to online and mobile banking, as well as contactless payments experiences,” said Frank Bisignano, President and Chief Executive Officer of Fiserv. “By combining Ondot and Fiserv capabilities at scale, we plan to provide our clients with a unified digital experience, spanning card-based payments, digital banking platforms, core banking, and merchant solutions, enabling them to deliver best-in-class solutions that continue to reduce friction for their customers. We look forward to welcoming the talented Ondot team to the Fiserv family as we continue to help our clients deliver innovative ways for their customers to actively manage their financial lives at the point of thought.”

With the integration of Ondot, Fiserv will assist clients with quickening digital client securing, drive digital business, increment card initiation and utilization, lessen administration costs, and connect logically in minutes that issue all by means of readymade solutions for clients. For instance, cardholders can profit by moment card issuance and utilization, as well as unprecedented visibility into purchases through enriched transaction information and actionable insights to spend smarter. Chargebacks and client assistance calls are habitually the consequence of a cardholder not perceiving a transaction. Information improvement from Ondot puts together and distinguishes transaction and shipper information, permitting clients to all the more effectively perceive their buys and comprehend their spending designs, bringing about higher commitment and less help calls and questions. With these all encompassing customer confronting experiences and customer confronting apparatuses, card guarantors can convey present day digital card services rapidly on top of their current preparing framework.

“The Fiserv aspiration to move money and information in a way that moves the world fully resonates with Ondot’s mission,” said Vaduvur Bharghavan, President and Chief Executive Officer of Ondot Systems. “Joining with Fiserv will provide Ondot the opportunity to innovate and impact the industry on a global scale. We look forward to expanding the scope of our offerings as we integrate with Fiserv’s vast array of capabilities to continue providing high-quality digital solutions to consumers, merchants, acquirers, networks and card issuers.”

About Ondot
Founded in 2011, Ondot provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement. From community issuers to top global banks, Ondot enables financial institutions to offer in-the-moment convenience, control, and transparency for credit and debit cards, leading to higher usage, lower cost, and reduced fraud. To learn more about Ondot Systems

About Fiserv
Fiserv, Inc. aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500® Index and the FORTUNE® 500 and is among FORTUNE World’s Most Admired Companies®.


In today’s highly regulated global landscape, there is an expectation, especially among C-suite executives, that operational leaders will advance the organization’s strategic goals. Eighty-five percent of C-suite executives at firms with above-average adaptability say that operational leaders have been very effective in designing or implementing improvements that drive value to their business.


In today’s highly regulated global landscape, there is an expectation, especially among C-suite executives, that operational leaders will advance the organization’s strategic goals. Eighty-five percent of C-suite executives at firms with above-average adaptability say that operational leaders have been very effective in designing or implementing improvements that drive value to their business.

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