Caixa and Fiserv announce completion of first merchant transaction via Maquininha CAIXA Pagamentos

By Pavithra R

Caixa Econômica Federal and Fiserv, a leading global provider of financial services technology solutions, has announced the completion of 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 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 (SMBs) that will benefit from the new payment acceptance capabilities and celebrate another step in the construction of the CAIXA and Fiserv collaboration.

“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,” said Edson Nassar, head of Fiserv in Brazil.

The CAIXA card machines will be available through the entire CAIXA network beginning August this year. The CAIXA network is the largest financial products distribution platform in Brazil. It is 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 agreement between CAIXA and Fiserv is valid till 2040 and 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.

Established in 1984, Fiserv is a global provider of payment and financial services technology. The FinTech aspires to move money and information in a way that moves the world. The Firm is a member of the S&P 500 Index and the FORTUNE 500 and is among FORTUNE World’s Most Admired Companies.