Wells Fargo acquisition of Fiserv's remaining Wells Fargo Merchant Services interest

Wells Fargo Bank acquired Fiserv’s 40% interest in Wells Fargo Merchant Services on April 1, 2025 for a USD 453 million cash payment. The venture had been 60% owned by Wells Fargo. Fiserv first publicly disclosed the planned April 2025 separation on September 25, 2024. The valuation and separation process completed in the third quarter of 2025 without a significant adjustment to the initial payment. A separate multiyear Fiserv processing agreement continued.