Fiserv discloses planned Wells Fargo Merchant Services ownership separation

Fiserv disclosed that its Wells Fargo Merchant Services venture would expire April 1, 2025. Wells Fargo Bank held 60% and a Fiserv subsidiary held 40%. The parties also agreed multiyear processing services for current and future Wells Fargo merchant clients. Subsequent Fiserv filings confirm that Wells Fargo acquired the remaining interest on April 1, 2025 and paid USD 453 million, with no significant adjustment after the third-quarter 2025 valuation process.