PayPal expands partnership with Fiserv to enhance merchant services

PayPal has expanded its global strategic partnership with Fiserv to streamline PayPal experiences for Fiserv's merchant clients. This enhanced collaboration simplifies the process for enabling services like PayPal, Venmo, and Fastlane by PayPal, which accelerates guest checkout flows in the U.S. The partnership builds on a decade-long relationship between the two companies, covering various merchant and payment functions across millions of businesses.

Frank Keller, Executive Vice President at PayPal, emphasized the partnership's goal to drive excellence in checkout convenience by collaborating with leading payment service providers. Jennifer LaClair, Head of Merchant Solutions at Fiserv, reiterated the company's commitment to simplifying commerce and creating value for clients through innovative solutions.

Fastlane by PayPal improves the guest checkout experience, allowing users to complete purchases with minimal clicks and significantly boosting conversion rates, which can reach over 80%.

Source: PR Newswire