Fintech provider Fiserv has agreed to acquire ACI Worldwide’s community financial services business in a $200m deal.
Under the all-cash transaction, Fiserv will purchase a suite of digital banking and electronic payments products from ACI Worldwide including Architect Banking, SSB Internet Banking, WebFederal Internet Banking and Advantage Internet Banking solutions; Advantage Consolidated Bank Bill Pay; and ACI Defense Services.
Go deeper with GlobalData
Subject to regulatory approval, the deal is scheduled to close in the first quarter of 2016.
Fiserv president and CEO Jeffery Yabuki said: "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. 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."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
