The sale of AIB's minority stake in AIB Merchant Services (AIBMS) to Fiserv, Inc

AIB Group plc has reached agreement on the sale of its minority stake in AIB Merchant Services (AIBMS) to Fiserv, Inc. AIBMS was founded in 2007, as a Joint Venture (JV) between AIB and Fiserv and is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers.

AIBMS has had a strong financial performance over the past number of years and is well-positioned for the future. Considering the evolution of the business and the strategic priorities of both AIB Group and Fiserv, AIB Group has reached an agreement to sell its minority shareholding of 49.9% to JV partner Fiserv.

Prior to completion of the transaction, AIB own 49.9% of AIBMS and Fiserv own the majority 50.1%. Fiserv has now agreed to acquire AIB’s shareholding and will be sole owners following the sale.

Fiserv, Inc. is 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 and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™.

The transaction is expected to be completed later this year subject to all relevant regulatory approvals.

There will be no day-to-day change for AIBMS customers as a result of this announcement and no customer action is required.

There is no impact on the services provided by AIBMS to AIB customers.

No, all contact details for AIB MS will stay the same.

No, this change will have no impact on AIB MS complaint management, and your complaint will be dealt with as standard.

AIBMS will continue to operate as AIBMS, under a short-term brand agreement, allowing for an orderly exit of the AIB brand from the business.

Merchant card acquiring services are important for many of our existing customers and AIB will continue to work with AIBMS and Fiserv by referring AIB customers who require these services to support them in their business needs.

You can contact the AIB MS helpdesk

or at aib.helpdesk@aibms.com