ACI Worldwide in Naples, Fla., said Monday that it has completedits acquisition of online banking/bill pay specialist OnlineResources Corp. of Chantilly, Va.

ACI said it paid $3.85 per share for ORCC, making the cash dealworth approximately $125 million, and that it “is committed tomaintaining multi-year roadmaps and contractual commitments toOnline Resources' customers.”

Hundreds of credit unions are on the client list at ORCC, one ofthe original providers of online banking technology.

The deal was announced in January and joined a spate of technology takeoversin the credit union space, including FIS buying MFoundry and Fiserv snapping up Open Solutions.

ACI said, “The acquisition adds electronic bill presentment andpayment solutions as a strategic part of ACI's Universal Paymentsportfolio. It also strengthens ACI's online banking capabilitieswith complementary technology, and expands the company's leadershipin serving community banking and credit union customers.”

The company also said that it invests 18% of its revenues inresearch and development – “significantly ahead of others in theindustry” – and that ORCC customers will benefit from the newowner's size and scale to support current and futureinitiatives.

The ACI-ORCC deal and marks ACI's second acquisition in thecredit union space, following the 2011purchase of S1 Corp., which itself had recently bought PMSystems, both providers of online banking and other e-commercetechnology.

Founded in 1989 by Matt Lawlor, Online Resources has about 450 credit unions amongits more than 1,000 client financial institutions andbillers. The company processed more than 245 million billpayment transactions annually and its payments engine was connectedto more than 9,000 billers.

ACI said it now provides online banking and payments services tomore than 1,750 financial institutions, retailers and processorsaround the world and handles $13 trillion in payments each day,processing transactions for more than 250 global retailers and 18of the world's 20 largest banks.