NCR to purchase Digital Insight; acquires Alaric Systems

Tuesday 3 December 2013 08:36 CET | News

NCR, a global provider of consumer transaction technologies, had entered into a definitive agreement to purchase Digital Insight, a US-based provider of online and mobile banking solutions, for a purchase price of USD 1.65 billion, and had completed the acquisition of Alaric Systems, a UK-based provider of secure transaction switching and fraud prevention software, for a purchase price of nearly USD 84 million.

The acquisitions of Digital Insight and Alaric Systems continue a strategic plan of acquisitions across all of the company’s three core lines of business and are set to develop NCR’s existing functionalities, delivering a suite of retail banking solutions.

With the addition of Digital Insight, NCR is set to reach the mid-market retail banking segment, which includes Digital Insight’s customer base consisting of 1,000 financial institutions with 12 million online banking users and nearly 4.8 million mobile end users.

Alaric Systems payments processing and fraud prevention software allows financial institutions, processors and retailers to manage ATM, point of sale, e-commerce and mobile payment or banking transactions, deliver multi-channel payments integration and carry out enterprise fraud and risk management. Alaric Systems powers 1.25 billion transactions a month across 30 countries.

In recent news, Alaric International has been selected by financial service provider China Bank, for its Authentic solution.

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Keywords: NCR, Digital Insight, Alaric Systems, online banking, retail banking, US, UK
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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