Companies expand relationship to include in-store card payments acceptance via Fiserv
Fiserv, a leading global provider of payments and financial services technology solutions, announced that ALDI Nord has selected Fiserv to enable all in-store card payments across its flagship German market.
In the interest of its customers, ALDI Nord, a global leader in the food industry, decided at the end of June to transfer its entire in-store acquiring volume in Germany to a new provider on short notice. In just four days, ALDI Nord and Fiserv reached an agreement, and Fiserv began processing payments for more than 2,250 ALDI Nord locations in Germany within 12 hours of the agreement being signed. Payments are processed via TeleCash from First Data GmbH, now Fiserv.
“Fiserv is a trusted, proven provider in the payments industry, and when we were faced with sudden market changes, we knew we could turn to them for our acquiring needs,” said Sven Schulze, Head of Finance at ALDI Nord. “The excellent cooperation between our companies enabled us to pivot to a new in-store card payment solution with impressive speed, and do so without any disruption to our business.”
The addition of in-store acquiring in Germany builds on the growing relationship between ALDI Nord and Fiserv. Nord has been a Fiserv client for 15 years, leveraging Network Service Provider (NSP) services for routing and switching payment transactions. In November of 2019, Fiserv announced it was chosen to power the global launch of ALDI Nord and ALDI SÜD’s first online ordering capabilities for home delivery, liefert.
“Growing our longstanding relationship with Nord is a testament to the strong partnership we have built during the past 15 years,” said John Gibbons, Head of EMEA at Fiserv. “With Fiserv, ALDI Nord is enabling a seamless commerce experience across payment channels, and empowering customers to make purchases in the way they prefer.”