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Fiserv completes acquisition of third-party debit processing solutions of Elan Financial Services

BROOKFIELD, WI (October 31, 2018) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced the completion of its acquisition of the debit card processing, ATM Managed Services and MoneyPass^® surcharge free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB).

“We’re excited about the opportunities this acquisition creates for our clients, and welcome the new Elan associates to Fiserv,” said Jeffery Yabuki, President and Chief Executive Officer, Fiserv.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud- based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index, the FORTUNE® 500, and has been recognized as one of FORTUNE World's Most Admired Companies® for 11 of the past 14 years and named among the World’s Most Innovative Companies by Fast Company for two consecutive years. Visit fiserv.com and follow on social media for more information and the latest company news.