Fiserv, Bridgeport form ATM infrastructure join venture

By Aarav Garg

Fiserv has entered into an agreement with private equity firm Bridgeport Partners to form a joint venture covering its ATM Managed Services, Cash & Logistics, and MoneyPass businesses, as the payments technology provider continues to reshape its portfolio around specialised operating models and infrastructure partnerships.

The proposed joint venture combines Fiserv’s existing payments and cash management infrastructure with Bridgeport Partners’ operational and investment expertise in financial technology. The move reflects a broader trend across the FinTech and banking sectors, where firms are increasingly separating mature infrastructure operations into dedicated growth platforms capable of operating with greater strategic focus.

“Fiserv has built strong, durable businesses serving financial institutions, merchants, and consumers across the ATM and cash ecosystem,” said Mike Lyons, CEO, Fiserv. “This agreement reflects our One Fiserv approach, delivering positive client experiences, aligning each business with the operating model and investment best suited to drive growth and client outcomes. Bridgeport Partners brings the experience and focus we believe are essential to this next phase.”

Under the agreement, Bridgeport Partners is expected to assume operational control of the businesses following regulatory approvals and transaction close, while both companies will participate in a formal governance structure centred on long-term growth, client outcomes and operational efficiency.

“These businesses play a critical role in the financial services ecosystem, and with the joint venture, we see a significant opportunity to accelerate growth meaningfully,” said Frank Martire, Jr., Executive Chairman, Bridgeport Partners. “Fiserv is the right partner for us, and together we can bring the dedicated focus and investment needed to realize their full potential. We look forward to helping these businesses become even more valuable to the financial institutions they serve, while continuing to deliver the reliability, performance and service their clients depend on every day.”

The businesses involved play a significant role in cash access and ATM infrastructure, supporting banks, financial institutions and merchants across cash management, ATM servicing and network connectivity. MoneyPass, in particular, provides surcharge-free ATM access through a large US network.