Fiserv and Genesis Bank team up for small business tech.

TLDR:

• Genesis Bank and Fiserv have partnered to support small businesses in low-to-moderate income neighborhoods in Southern California.
• The collaboration provides customized access to Clover point-of-sale (POS) technology from Fiserv at low or non-existent entry costs and significantly discounted subscription fees.

Genesis Bank and Fiserv have joined forces to offer customized access to Clover point-of-sale (POS) technology to small businesses in low-to-moderate income (LMI) neighborhoods in Southern California. This partnership aims to provide economic empowerment and create a positive impact in local communities. The specially designed technology bundles address the unique challenges faced by businesses in LMI communities served by Genesis Bank, allowing them to access select Clover POS technology from Fiserv at low or non-existent entry costs and significantly discounted subscription fees.

Stephen H. Gordon, Chairman and CEO of Genesis Bank, highlighted the importance of providing affordable technology solutions to diverse small business owners and entrepreneurs who have historically been underserved. Neil Wilcox, head of corporate social responsibility at Fiserv, emphasized the role of this collaboration in supporting small business growth and maximizing their impact in vibrant entrepreneurial communities across Southern California.

The Clover POS system enables small and medium-sized businesses to accept payments, enhance customer experience, and streamline operations. Fiserv reported a 30% growth in Clover-related revenues, with annualized gross payment volume reaching $271 billion. CEO Frank Bisignano expressed optimism about the growth and impact of Clover technology in supporting SMBs.