MoneyPass Group has commenced operations as an independent company following the completion of a previously announced joint venture between Bridgeport Partners, a specialist private equity firm focused on financial technology, and Fiserv, Inc., a global provider uniting commerce and finance. The carve-out reflects a broader pattern in which private equity firms have targeted scaled payments and financial infrastructure assets, betting that focused management and dedicated capital can accelerate growth in businesses that previously operated within larger corporate parent organizations.

The newly independent entity consolidates the MoneyPass Network, ATM Managed Services, and Cash Intelligence businesses to deliver ATM and cash management services to financial institutions, fintechs, ATM operators, and merchants across the United States. MoneyPass Group operates one of the nation's largest surcharge-free ATM networks, comprising more than 37,000 ATM locations and serving over 160 million cardholders. The scale of that footprint positions the company within a payments ecosystem where cash access remains consequential for millions of consumers, including those in underserved or rural communities where digital payment alternatives may be less available.

Leadership and Ownership

MoneyPass Group is led by Chief Executive Officer Erik Wichita, who brings 30 years of leadership experience at Fiserv. Don Layden, Executive Partner at Bridgeport Partners and a payments and ATM industry veteran, serves as Executive Chairman.

"Today MoneyPass Group stands on its own, with the scale of a market leader, the focus of an independent company and the support of both Bridgeport Partners and Fiserv," said Wichita. "We are focused on investing in the products and people to make us faster, more agile and even more valuable to the financial institutions we serve, while delivering the reliability, security and service that their customers depend on every day."

Bridgeport Partners holds a 51% controlling ownership stake in MoneyPass Group, contributing focused leadership, deep sector relationships, and decades of experience scaling fintech and financial infrastructure businesses. The firm intends to support continued investment in the company's products, technology, and commercial organization. Fiserv retains a 49% ownership stake and will continue supporting the company through its technology expertise, industry knowledge, client relationships, and referral network.

"MoneyPass Group brings together the network, operating capabilities and software required to manage cash access at national scale," said Derek Horton, Partner at Bridgeport Partners. "It has the scale Fiserv built, now paired with the focus of a standalone company and the support of both owners. With Erik and Don's leadership, Bridgeport will invest in the products, technology and commercial organization to build on that foundation."

Commercial Agreements and Continuity

As part of the transaction, MoneyPass Group and Fiserv have entered into long-term commercial agreements designed to provide continuity of service for existing clients while giving clients of both companies access to a broad range of complementary solutions. Maintaining uninterrupted service is a priority for the financial institutions and ATM operators that depend on the network, as any disruption to ATM availability or transaction processing could affect cardholder access across the network's national footprint.

"We are proud of what these businesses have achieved as part of Fiserv and look forward to supporting their continued growth through our ownership stake and long-term commercial relationship," said Andrew Gelb, Co-Head of Financial Solutions at Fiserv. "MoneyPass Group is well positioned for its next chapter, and clients of both Fiserv and MoneyPass Group will continue to have access to the best of both companies."

Transaction Advisors

Weil, Gotshal & Manges LLP served as legal counsel to Bridgeport Partners. Foley & Lardner LLP served as legal counsel to Fiserv. Capital One, N.A. provided debt financing in connection with the transaction. FTI Consulting provided carve-out advisory services.