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 . Under the terms of the agreement, which remains subject to customary closing conditions and regulatory approvals, Bridgeport