ACI Worldwide has completed the acquisition of Online Resources Corporation, a provider of online banking and full service bill pay solutions, in an all cash transaction for $3.85 per share.
“Driven by the increase in electronic transactions from online and mobile banking, bill pay is becoming a major pivot point and area of strategic investment for our customers,” says Philip Heasley, president and CEO at ACI Worldwide. “With the addition of Online Resources’ capabilities, customers can rely on ACI as an end-to-end, integrated provider addressing the full range of payment needs including: wholesale and retail payments, payments fraud, online banking, merchant retail and now bill pay.”
“In addition, the acquisition will expand ACI’s best-in-class online banking capabilities to offer a suite of solutions supporting banks and credit unions of all sizes,” adds Heasley. “We are delighted to welcome Online Resources’ talented employees into the ACI family to help seize these opportunities and advance the best solutions to customers going forward.”
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