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JACKSONVILLE, Fla. – Fidelity National Financial has bought another core processor, this one a community bank specialist, and is delaying the initial public offering of stock that would result in spinning off its IT operations into a separate company. FNF, a major provider of title insurance and mortgage processing services, just bought Atlanta-based InterCept, a core processor, EFT and check imaging provider, for $400 million. Citing the need to integrate that purchase and uncertain market conditions, it now will delay its planned IPO of Fidelity National Information Services unit (FIS) until at least the first quarter of next year. The title insurance giant in the past year has bought Aurum Technology, which itself had recently acquired Computer Consultants Corp., a core processor for several hundred small credit unions. Other FNF acquisitions included Sanchez Computer Associates, core processor Alltel Information Services (its sole credit union client is Navy Federal), Bancware and Pro-Soft.

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