Clover represents a major area of growth for Milwaukee-based Fiserv, which is keen to expand the product into more verticals.

Fiserv said it will integrate CardFree’s platform into its Clover and Commerce Hub systems, “adding capabilities such as drive-through software, kiosk and sub-inventory enablement, and providing third-party software integration support in loyalty, delivery services, and property management.”

The companies said CardFree “integrates with nearly all [point-of-sale] systems and payment processors on the market” to give merchants a single checkout process for all orders, including those for delivery services.

“Integrating CardFree’s technology into Clover enhances our platform’s scalability and flexibility, empowering hospitality businesses to drive growth through elevated customer experiences,” Takis Georgakopoulos, Fiserv’s chief operating officer, said in the press release.

The acquisition should help “Clover to support small businesses as they grow into larger, multi-location merchants with more complex technical needs,” the Baird analysts wrote.

In July, Fiserv announced a partnership with Rectangle Health to bring its Clover system into more medical and dental practices. 

The same month, Fiserv faced a class-action securities lawsuit from investors that alleged the company misled investors about Clover’s growth prospects. The U.S. District Court for Southern New York assigned the case has ordered a status update by Oct. 10. 

By Justin Bachman on Sep 5, 2025
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