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.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
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