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flag Allied Irish Banks sells stake in payment provider AIB Merchant Services to Fiserv for €215M.

flag Allied Irish Banks (AIB) is selling its 49.9% stake in AIB Merchant Services, a major payment solution provider in Ireland and Europe, to Fiserv for about €215 million. flag The sale, expected to complete later this year, is subject to regulatory approvals. flag AIB will continue to refer customers to AIBMS, and there will be no changes to customer experiences. flag Fiserv plans to accelerate growth in the region, particularly with its Clover system.

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