Fiserv to Spin Off ATM and Cash Operations in Venture With Bridgeport Partners

Global payments and financial services technology provider Fiserv is spinning off its cash-handling operations into a newly formed joint venture with specialist private equity firm Bridgeport Partners. The transaction will specifically encompass Fiserv's ATM Managed Services, Cash & Logistics and MoneyPass business lines, according to a Wednesday (May 13) press release.