According to Reuters, Fiserv is fighting with Amadeus IT Group to acquire payment processor Shift4 Payments.
The listed company Shift4, with a market valuation of around $7 billion, has been conducting a sales process in recent months.
Fiserv and Amadeus have emerged as the main competitors, with final offers expected to be submitted in the coming weeks, it said Reuters, citing sources.
In November, Shift4 CEO Jared Isaacman told shareholders that the company was exploring “strategic opportunities and alternatives.” Global Payments has previously been named as an applicant.
Shift4 processes over $200 billion in annual transactions for more than 200,000 merchants, including restaurants and hotels.