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Fiserv Aims to Simplify Cross-Border Commerce With Commerce Hub

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Fiserv Aims to Simplify Cross-Border Commerce With Commerce Hub

Payments and financial services technology solutions provider Fiserv has launched its Commerce Hub platform.

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The new offering is designed to let merchants “orchestrate and simplify commerce through a single connection to Fiserv’s commerce capabilities,” the company said in a Monday (Oct. 19) news release.

“Commerce Hub currently supports more than several billions in processing and growing more than 100% YOY across multiple industries, payment methods and business models,” the news release added.

These include enterprises from global marketplaces, traditional brick-and-mortar businesses and specialized industries like grocery, petroleum and restaurants.

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Fiserv argues that businesses pursuing growth across borders deal with hurdles like “a mix of payment providers, fragmented integration, local payment methods, and evolving regulatory considerations that create operational complexities and costs.”

The company says Commerce Hub simplifies global commerce by offering access to market-specific payment options, acquiring services and value-added capabilities in one platform, “helping businesses scale more efficiently while maintaining a consistent operating model across markets.”

Among the companies taking advantage of the new offering is Swedish FinTech Klarna, known for its digital banking and pay-later services. This agreement follows Klarna’s launch this week with 100,000 U.S. in-store merchants through Clover, Fiserv’s small business point-of-sale platform.


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