Fiserv, Inc. (NYSE:FI), a global provider of payments and financial services technology, today announced it has completed its acquisition of the remaining 49.9% of AIB Merchant Services (AIBMS), the company’s longstanding joint venture with AIB Group.

The acquisition supports Fiserv’s growth in the broader European market, including expanding growth opportunities for point-of-sale system Clover across the region. AIBMS is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers.

As part of the transaction, AIB Group will continue to refer businesses needing card acquiring services to Fiserv on an exclusive basis.