Carat is the global commerce operating system from Fiserv. It’s the services, connections, and applications enterprise-sized companies use to run their business. Carat enables our clients to imagine and realize innovative payment-related experiences that drive revenue growth such as pay by plate, staged white label wallets, and digital payouts. By leveraging the unique global data pool from thousands of financial institutions and millions of merchants that process across Fiserv systems, Carat optimizes commerce by improving payment outcomes, lowering costs, and reducing fraud. Carat enables payments in more than 150 countries with global wallets and local payment methods along with an extensive list of alternative payments such as pay-by-bank, buy now pay later, and online EBT.
In 2022, Carat was recognized as an industry leader among merchant payment providers by Forrester Research, named Omnichannel Provider of the Year by The Strawhecker Group, and powered the innovative experiences that led Fiserv to be selected as a World’s Most Innovative Company by Fast Company.