NCR Corporation has entered into a definitive agreement to purchase Digital Insight Corporation, a provider of online and mobile banking solutions, for a purchase price of US$1.65bn. Digital Insight is majority owned by Thoma Bravo.
NCR has also completed the acquisition of Alaric Systems, a provider of secure transaction switching and fraud prevention software, for a purchase price of approximately US$84m.
NCR says that the two acquisitions will allow it to deliver an enterprise software stack that securely and seamlessly creates a differentiated consumer experience across all channels (online, mobile, ATM, branch) improving a retail bank’s growth, profitability and customer satisfaction.
Global digital payment volumes continue to increase, with annual growth projected to top 10% percent for the first time to reach 426.3 ... read more
The T+2 Industry Steering Committee (T+2 ISC) has welcomed recent action by the Securities and Exchange Commission (SEC) to propose a rule ... read more
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
SWIFT has announced that it has successfully completed the first phase of the global payments innovation (GPI) initiative pilot, clearing the way for the go-live of the service in early 2017.