# Who does Fiserv pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/fiserv · Facet: suppliers · Updated: 2026-09-24T04:38:23.639512+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Fiserv's confirmed suppliers/cost counterparties include Microsoft, Visa Inc, Mastercard Inc. Per the valuechain.wiki graph: 3 cost edges, backed by 4 dated sources, 0 of them primary filings (as of 2026-09-24).

### Payfare Inc. (high)
- metric: Amount $95M · 2025 acquisition · Payfare purchase price net of $46 million of acquired cash
- note: Fiserv acquired 100% of Payfare in March 2025, adding program management for instant earnings access and workforce banking. The 10-K reports a $95 million purchase price net of acquired cash.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-19) https://www.sec.gov/Archives/edgar/data/798354/000079835426000009/fi-20251231.htm: "The Company acquired Payfare for a purchase price of $95 million, net of $46 million of acquired cash."
- [confirms] Fiserv (EN, ir, published 2025-03-03) https://investors.fiserv.com/news-releases/news-release-details/fiserv-enhances-its-embedded-finance-solutions-closing: "The Purchaser acquired all of the issued and outstanding shares of Payfare for C$193,149,036 in the aggregate."

### 마이크로소프트 (high)  → /microsoft.md
- metric: Count 8,000 software_engineers · as of 2026-01-08 · Fiserv software engineers with GitHub Copilot deployed
- note: Fiserv is deploying Microsoft 365 Copilot across the company and expanding its use of Azure-powered Microsoft Foundry. These software and AI infrastructure services directly support internal productivity and product development.
- [confirms] Fiserv (EN, ir, published 2026-01-08) https://investors.fiserv.com/news-releases/news-release-details/fiserv-collaborates-microsoft-accelerate-ai-driven-innovation: "GitHub Copilot has been deployed to more than 8,000 software engineers across Fiserv."

### Visa Inc (mid)  → /visa.md
- note: Card data read by Clover passes through Fiserv to the Visa network and the authorization response returns through that network. Visa's rail is a direct infrastructure input to Fiserv merchant processing, but counterparty-specific cost is undisclosed.
- [confirms] MoneyWeek (EN, analysis, published 2026-01-25) https://moneyweek.com/investments/invest-in-payment-providers: "This system reads the customer’s card and then sends the data via Fiserv to the Visa network."

### Mastercard Inc (mid)  → /mastercard.md
- note: Fiserv is integrating Mastercard Merchant Cloud into Commerce Hub to provide payment acceptance and value-added services. Mastercard merchant services are an input to Fiserv's offering, but commercial terms were not disclosed.
- [confirms] Investing.com Korea (KO, news, published 2026-08-04) https://kr.investing.com/news/company-news/article-93CH-2043666: "The partnership integrates Mastercard Merchant Cloud into Fiserv Commerce Hub, creating one connection across online, mobile and in-store channels."
- [confirms] Fiserv (EN, ir, published 2026-08-04) https://investors.fiserv.com/news-releases/news-release-details/fiserv-and-mastercard-deepen-global-partnership-help-merchants: "The companies will integrate Mastercard Merchant Cloud into Fiserv Commerce Hub."

Reverse side: https://valuechain.wiki/fiserv/customers.md · Ripple: https://valuechain.wiki/fiserv/ripple.md

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Full node: https://valuechain.wiki/fiserv.md · JSON: https://valuechain.wiki/fiserv.json