Under the terms of the agreement, ACI Worldwide has acquired Official Payments in an all-cash transaction for USD 8.35 per share.
Official Payments provides bill payment solutions to federal, state and local governments, municipal utilities, higher education institutions and charitable giving organizations. Official Payments has approximately 3,000 customers representing access to around 100 million end users.
ACI Worldwide provides electronic payments and banking services for approximately 2,600 financial institutions, retailers and processors around the world.
In recent news, ACI Worldwide has launched ACI Bill Presentment Services, an outsourced offering that provides electronic bill presentment for consumer finance, insurance and utilities.
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