Second corporate in a week to commit to Jersey City processor as U.S. Central Bridge closure approaches.
After rejecting its initial bid this summer, S1 Corp. has agreed to be acquired by ACI Worldwide Inc., the electronic payments and online banking companies said.
ACI Worldwide Inc. will buy S1 Corp., the companies announced Monday, and combine their global payments and online banking presence.
Deal puts apparent end to Fundtech-S1 Corp. merger; S1 also target of hostile takeover bid from ACI.
Fundtech Ltd. said many senior executives at its banking customers think cyber crime will never be controlled and even more think their customers would switch for better security.
A lot of senior bank executives think cyber crime will never be controlled and even more say their customers would switch for better security.
S1 Corp. says it will look at the takeover offer it got this week from ACI Worldwide but that its Fundtech merger plans remain in place.
Payments provider says proposed deal superior to Fundtech-S1 merger plan.
Online banking and financial services software and supply chain specialists S1 Corp. and Fundtech Ltd. are merging in a stock swap valued at approximately $700 million.
Payments, financial software supply chain, online banking specialists merger with Atlanta remaining as headquarters.