Fiserv has inked a definitive agreement with ACI Worldwide, a leading global provider of electronic payment and banking solutions, to acquire the assets of its Community Financial Services (CFS).
The deal is an all-cash transaction valued at $200 million, which does not include related tax benefits. The transaction is subject to regulatory approval and other customary closing conditions and is anticipated to close in the first quarter of 2016.
The assets acquired provide financial institutions with 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.
Technology solutions included in the transaction are ACI’s Architect Banking, SSB Internet Banking, WebFederal Internet Banking and Advantage Internet Banking solutions; Advantage Consolidated Bank Bill Pay; and ACI Defense Services, a full-service security solution.
ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments.
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