PayPal Holdings has announced an expanded global partnership with Fiserv, which will enhance how Fiserv’s merchant clients integrate PayPal’s services. This development builds on their long-standing collaboration, already benefiting millions of businesses. Consequently, the enhanced partnership simplifies the integration of PayPal, Venmo, and related services, while also introducing Fastlane by PayPal, designed to accelerate guest checkout flows in the U.S.
Frank Keller, Executive Vice President and General Manager of PayPal’s Large Enterprise and Merchant Platform Group, expressed enthusiasm for the deeper collaboration. “We’re excited to broaden our reach with Fiserv and extend our innovative solutions to more businesses,” he stated. “This partnership underscores our dedication to improving checkout convenience by partnering with top payment service providers and e-commerce platforms.”
For over a decade, Fiserv and PayPal have worked together on various merchant and payment solutions, including payment processes, payouts, network services, and e-commerce capabilities. As a result, Fiserv continues to be a key partner, contributing significantly to PayPal’s innovation across multiple product lines.
Jennifer LaClair, Head of Merchant Solutions at Fiserv, highlighted the benefits of the expanded partnership: “Fiserv is committed to simplifying commerce complexities and creating value for clients by facilitating engaging new experiences. Thus, our collaboration with PayPal enhances client value through cutting-edge solutions that improve the commerce experience.”
Moreover, Fastlane by PayPal leverages PayPal’s extensive payment expertise to optimize the guest checkout processes. It enables purchases in as little as one click, with guest shoppers using Fastlane converting over 80% of the time. Consequently, it achieves up to 50% higher conversion rates and reduces checkout time by 32%.