Fiserv, Inc. (NYSE:FI), a global provider of payments and financial services technology solutions, today announced it has completed its acquisition of Payfare Inc. (TSX:PAY), a provider of program management solutions with a particular focus on new economy workforces.

Payfare’s co-founders and employees are now part of the Fiserv team.

This acquisition complements Fiserv’s existing embedded financial solutions with card program management and a white-label consumer application. Payfare’s offerings, combined with Fiserv’s strengths in processing, bank ledgers and integrated value-added services, provide a complete solution for embedded banking, payments and lending.