Just a few weeks after revealing a pair of new credit union clients, Fiserv is back in the fintech headlines. The company announced that NationalLink will deploy Fiserv’s CorPoint cash supply chain management software to help maximize its use of smart safes. This will include gaining the ability to access smart safe data regardless of location.

Smart safes support the accounting and validation of in-store cash payments, and are typically only able to run on the proprietary cash management software of their manufacturer. Fiserv’s CorPoint can accept data from any smart safe, as well as consolidate data from different smart safes into an all-encompassing view of cash status.

CorPoint also provides real-time access to audit-level views of cash deposits, balances, and pickups. The platform allows users to aggregate and segment data by cashier, denomination, location, and other factors.

“For many consumers, cash remains a preferred form of payment, but cash is labor-intensive for merchants to manage,” Fiserv SVP and GM for Fraud, Risk, and Compliance Shawn Holtzclaw explained. “Merchants are actively seeking ways to improve cash management efficiency, and NationalLink is meeting this demand with a single platform that provides a holistic, hardware-agnostic view of smart safe transactions.”

NationalLink provides cash handling solutions, including complete ATM solutions and armored cash management services. The firm’s network of 16,000 ATMs reaches all 50 states of the U.S., as well as the Virgin Islands, Puerto Rico, and American Samoa. The company was founded in 1992 as a merchant services acquirer.

Fiserv joined Samsung SDS on the Finovate stage last spring to demo the integration of Samsung SDS’ biometric authentication and collaboration solution into its Commercial Center: Security (CC:S) product. Founded in 1984 and based in Brookfield, Wisconsin, Fiserv announced at the beginning of the year that it would merge with First Data Corporation in an acquisition valued at $22 billion.

New York Community Bancorp will move to Fiserv’s DNA core platform to improve its retail banking and commercial lending services, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).

The bank, which has $51.2 billion in assets, will use an integrated suite of digital banking and payment solutions. It will also move from in-house processing to an application service provider (ASP) model hosted by Fiserv.

It is understood the new tech will replace the legacy Miser solution from Fiserv’s rival FIS.

Barbara Tosi-Renna, assistant chief operating officer, New York Community Bancorp, said: “We chose Fiserv because its solutions, integration and expertise put us in the strongest position to succeed in our fast-changing marketplace.”

The bank will add solutions from Fiserv including Commercial Center for commercial cash management and business banking, and the open, real-time Dovetail Payments Platform (paytech provider Dovetail was acquired by Fiserv in 2017).

It also will move existing in-house solutions including the Corillian Online and Mobiliti digital banking solutions from Fiserv to the bank’s new outsourced environment.

New York Community Bank is the “leading producer of multi-family loans” in New York City and the largest regional bank headquartered in New York by assets.

The bank has customers in New York, New Jersey, Florida, Ohio, and Arizona through a network of more than 250 branches.

Meanwhile, Fiserv has been busy. As usual.

Just last month, Banco CTT, one of Portugal’s newest banks, selected Fiserv to enable anti-money laundering (AML) capabilities.

In addition, and a much bigger deal, Fiserv revealed it will acquire First Data in an all-stock transaction of $22 billion.

A giant will roam the fintech land as Fiserv will acquire First Data in an all-stock transaction of $22 billion, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).

With the combined power, Fiserv will be able to offer a range of payments and financial services, including account processing and digital banking solutions; card issuer processing and network services; e-commerce; integrated payments; and the Clover cloud-based point-of-sale solution.

Jeffery Yabuki, president and CEO of Fiserv, said: “We admire First Data for its excellence in merchant acquiring and global issuing services, and the tremendous progress they have made under Frank’s [Bisignano, CEO] leadership.”

Some deals from last year for First Data include Ellie Mae, Mastercard and SIA.

As an example of how they will link up, Fiserv says First Data’s digital merchant account enrollment capabilities can be integrated into its digital banking solutions.

The new entity expects to invest an incremental $500 million over five years. Fiserv reckons growth will come from areas such as bank merchant services and Clover, credit processing, and additional biller services.

The program, when up and running, will focus on a series of new and existing technologies, including merchant solutions, digital enablement, risk management, and data-focused solutions.

The new company expects to generate free cash flow exceeding $4 billion in the third year following close, and generate $900 million of run-rate cost savings, “driven primarily by the elimination of duplicative corporate structures.” The latter of course means job cuts. Firms always say it so coldly.

Fiserv intends to refinance the $17 billion of debt that First Data is expected to have at the time of closing, and has entered into a committed bridge financing arrangement in connection with the transaction.

Yabuki will serve as CEO and chairman of the board of directors of the combined company. Bisignano will assume the role of president and chief operating officer, and will serve as director of the board of the combined company.

The transaction, to close during the second half of 2019, is subject to customary closing conditions and regulatory approvals, including the approval of shareholders of both companies. The transaction is not subject to any financing conditions.

Founded in 1984 and headquartered in Brookfield, Wisconsin, Fiserv demonstrated its Commercial Center: Security solution – partnership with Samsung SDS – at FinovateSpring 2018. Earlier this month, the company announced signing a trio of new bank partners, bringing Fiserv’s total number of new bank clients to more than 80 in the past two years.