Fintech provider Fiserv says it will buy ACI Worldwide’s Community Financial Services business for $200 million in cash. Fiserv expects the deal to close by March 31.
The deal gives Fiserv a “suite of digital banking and electronic payments solutions including Architect Banking, which supports online, mobile, and tablet banking for retail banks and small business customers on a single platform,” the company says. Other technology that goes to Fiserv includes: SSB Internet Banking; WebFederal Internet Banking; Advantage Internet Banking; Advantage Consolidated Bank Bill Pay; and ACI Defense Services, which Fiserv calls “a full-service security solution.”
“We are pleased to add these strong digital banking capabilities, which will further enable financial institutions to serve their customers in today’s dynamic world,” says Jeffery Yabuki, Fiserv president and CEO. “We are also excited to add a talented team of associates, who share our vision for creating value for clients through innovation and service excellence.”
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