ACI Worldwide completes acquisition of Official Payments

Wednesday 6 November 2013 11:04 CET | News

ACI Worldwide, a US-based provider of payment systems, has completed the acquisition of Official Payments Holdings a provider of electronic bill payment solutions.

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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ACI Worldwide, Official Payments, electronic bill payments, acquisition
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events