Fiserv to Acquire Online Banking Solutions, Inc.
"Financial institutions are increasingly focused on deepening
relationships with commercial customers," said
OBS offers a modern cash management platform with the user experience and functionality that sophisticated business users expect. Its cash management capabilities are designed for digital channels, have easy-to-use interfaces and enable notification and authentication via smartphones, tablets and wearable devices. A single platform facilitates a unified experience across multiple devices, while integrated security and analytics offer enhanced fraud prevention. In addition to cash management, OBS provides a secure browser that functions as a secure, convenient gateway to applications provided by financial institutions to their commercial customers.
OBS received the "Up-And-
OBS products are currently integrated across a number of
"Our relationship with
The transaction is subject to customary closing conditions and is expected to close before the end of 2016. Financial terms have not been disclosed.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the expected timing of the transaction.
Forward-looking statements are subject to assumptions, risks and
uncertainties that may cause actual results to differ materially from
those contemplated by such forward-looking statements. The factors that
may adversely impact the anticipated outcomes include, among others: the
occurrence of any event, change or other circumstance that could give
rise to the termination of the transaction agreement; conditions to the
completion of the transaction may not be satisfied on the terms expected
or on the anticipated schedule; the benefits of the transaction may be
different than currently anticipated; and other factors identified in
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