M-Com, founded in 2000, is based in Atlanta, Georgia, with an office in New Zealand.
M-Com CEO Adam Clark and all employees of M-Com will join Fiserv as part of the transaction.
The two companies have been partners since 2008, developing and delivering Mobile Money from Fiserv to hundreds of financial institutions.
Fiserv group president for Digital Payments Steve Olsen said the acquisition of M-Com will enhance Fiserv’s ability to provide anywhere, anytime access to consumers who want their finances at their fingertips.
"Together, we will deliver best-in-class digital solutions for our clients, enabling a superior user experience for their customers," Olsen said.
As strategic partners, Fiserv and M-Com have hundreds of mutual customers in the US and several in international markets, and the combination of the two companies is expected to accelerate the development of new solutions for these clients.
Financial terms of the acquisition were not disclosed.
