Clover is a cloud-based Android point of sale (POS) platform that was launched in April 2012.
As of the quarter ended September 2020, Clover processed $133 billion of annualized card transactions worldwide, making it the largest U.S. cloud POS firm.
[citation needed] First Data announced the sale of 17,000 Clover Stations six months after the release of the product.
[11] Clover described the functionality in a blog post[11] that was featured on the home page of Hacker News.
The deal utilized a "Founder's Clause" that would trigger a very large penalty payment if the parent company interfered with operations of Clover.
Thirty two months after the acquisition Clover was mentioned 88 times in the S-1 filed by First Data Corporation.
As of May 1, 2024, Clover raised basic plans over 1000% for users via a forced updated Software terms and agreement.
Clover and Fiserv have refused to buy back the software embedded hardware of impacted customers.