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Caixa Econômica Federal and Fiserv complete first transaction of merchant acquiring services deal

Source: Fiserv

Caixa Econômica Federal (“CAIXA”) and Fiserv, Inc (NASDAQ: FISV), a leading global provider of payments and financial services technology, today completed the first payment transaction for a merchant as part of the companies’ recently signed merchant acquiring services agreement.

The transaction was completed via the Caixa-branded point-of-sale terminal, “Maquininha CAIXA Pagamentos.”

The first transaction took place this morning, at Panificadora Santiago, a bakery in the city of Samambaia (DF), with representatives of CAIXA and Fiserv attending to recognize the small and medium businesses that will benefit from the new payment acceptance capabilities and celebrate another step in the construction of the CAIXA and Fiserv partnership.

Beginning in August of this year, the CAIXA card machines will be available through the entire CAIXA network, the largest financial products distribution platform in Brazil. Present in 99% of municipalities in the country, the network includes 4,160 branches and service points, 8,848 exclusive banking correspondents, 13,142 lottery units and 27,940 self-service machines.

The CAIXA and Fiserv agreement, signed until 2040, will enable card transactions through POS terminals (machines), in addition to a complete online payment gateway solution. The platform also brings an unprecedented technology: the ability for a merchant to accept proximity payments via their own mobile device.

“It is encouraging to be able to combine our global expertise in payment methods with Caixa's local reach to offer a solution capable of supporting the development of so many businesses and making life easier for so many Brazilians,” says Edson Nassar, head of Fiserv in Brazil.  

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