The international provider of payment systems ACI Worldwide issued an announcement that it has completed the acquisition of Online Resources Corp. Online Resources provides online banking and full service bill payment solutions.
This acquisition expands the portfolio of ACI to include Electronic Bill Presentment and Payment solutions and improves the online banking capability and technologies of the company as well as leadership in service provision to its banking and credit union clientele. The terms of the agreement includes an all cash transaction priced at US$3.85 per share.
According to Philip Heasley, "Driven by the increase in electronic transactions from online to mobile banking, bill pay is becoming a major pivot point and area of strategic investment for our customers. 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."
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