NAPLES, Fla. and WEST ORANGE, N.J. (2/1/13)--ACI Worldwide and Fidelity National Information Services (FIS) this week each announced plans to acquire companies that provide payments technology to credit unions.
ACI Worldwide will acquire Online Resources, a Chantilly, Va.-based provider of online banking and full-service bill pay solutions, the companies announced Wednesday.
Under the terms of the agreement, the purchase is an all-cash transaction for $3.85 per share.
The boards of directors of both companies have approved the transaction.
The acquisition strengthens ACI Worldwide's position in the online channel with the addition of complementary online banking and full-service bill payment solutions for financial institutions and billers.
The purchase also would extend ACI Worldwide's customer base with the addition of 1,000 credit unions, banks, billers, credit card issuers and other credit and payment service providers.
Separately, banking and payments technology provider FIS announced Thursday it will acquire mFoundry, a provider of mobile banking and payment solutions.
FIS previously held a 22% interest in mFoundry, which is based in Larkspur, Calif.
Founded in 2004 and serving more than 850 clients, mFoundry's mobile banking and mobile retail has been adopted by credit unions, banks, payments processors and retailers nationwide.
FIS said it anticipates paying about $120 million in cash to acquire the remaining 78% ownership interest in mFoundry. The transaction is expected to close by the end of the first quarter.