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Fiserv Acquires CheckAGAIN

BROOKFIELD, Wis. - Fiserv has acquired CheckAGAIN, LLC, a provider of electronic check re-presentment services. According to Fiserv, the acquisition will contribute approximately $15 million in annualized revenues. Terms of the deal were not disclosed. Fiserv is the nation's largest third-party processor of checks. With the added capabilities from CheckAGAIN,...

By Staff Writer | Updated on October 26, 2004

BROOKFIELD, Wis. – Fiserv has acquired CheckAGAIN, LLC, a provider of electronic check re-presentment services. According to Fiserv, the acquisition will contribute approximately $15 million in annualized revenues. Terms of the deal were not disclosed. Fiserv is the nation’s largest third-party processor of checks. With the added capabilities from CheckAGAIN, Fiserv said it will be able to expand its services into a fast-growing, complementary market and cross sell the service to its financial institution clients. “We are at the crossroads of a major change in the way that checks are processed. After decades of moving paper all across this country, we are driving very quickly toward converting the paper to electronic transactions,” said Leslie M. Muma, Fiserv president and chief executive officer.

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