Fiserv in Brookfield, Wis., has agreed to buy the community financial services business of ACI Worldwide for $200 million in cash.
Fiserv is buying assets that include digital banking and electronic payments software, including the Architect Banking product for online, mobile and tablet banking, according to a news release Wednesday.
ACI Worldwide is also selling other products, including SSB Internet Banking, WebFederal Internet Banking, Advantage Internet Banking, Advantage Consolidated Bank Bill Pay and ACI Defense Services.
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Union Bank & Trust Co. in Nebraska was an early supporter of Apple Pay. With that platform sputtering, the bank is now looking at additional ways to stay ahead of the mobile-wallet curve.
January 20 -
There is a lingering fear that enabling real-time transfers between consumer bank accounts will open a window for fraud that cannot be closed. But as demand for real-time payments grows, two consortiums led by large banks hope to address the banking industry's fraud concerns by developing an interoperable identity shield.
January 12 -
A division of the payments firm ACI Worldwide will pay $185,000 to California authorities to resolve allegations that it violated numerous state licensing requirements.
April 22
Fiserv and ACI Worldwide, in Naples, Fla., expect the transaction to close this quarter, pending regulatory approval.
