Bryce VanDiver | Source | Partner at Capco
Bryce VanDiver
Partner at Capco
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Capco
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started Jul 2017
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Will Square's banking ambitions be curbed by Fiserv-First Data?
The head of Fiserv hinted that it will pitch the point-of-sale platform Clover, which it would get in the First Data deal, to community banks as a way to defend their small-business market share from Square.
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Fiserv is servicing these banks with less than $50 billion in assets that don’t have large IT shops, or don’t rely on outsourced or hosted solutions from third parties. These banks will have small-business customers coming in to ask about different services, maybe mobile payments, and now they have something additional they can point to in Clover.
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