NCR Makes 'Transformative' Financial Services Acquisitions
"Executing deliberate, thoughtful strategic agenda to profoundly reinvent company"
Digital Insight, Menlo Park, Calif., and Alaric Systems, London, together will position NCR to deliver an enterprise software stack that securely and seamlessly creates a differentiated consumer experience across all channels (online, mobile, ATM, branch) improving a retail bank's growth, profitability and customer satisfaction.
With the addition of Digital Insight, NCR will also enhance its ability to serve the mid-market retail banking segment, which includes Digital Insight's highly diversified customer base consisting of more than 1,000 financial institutions with 12 million online banking users and nearly 4.8 million mobile end users. The Digital Insight acquisition will also provide an opportunity for NCR to offer its clients additional solutions for mobile, bill pay and online banking.
"Together, NCR, Digital Insight and Alaric Systems are committed to delivering value to financial institutions," said Andy Heyman, senior vice president of NCR Financial Services. "We have an opportunity to enable differentiated consumer experiences through safe, secure and integrated transactions across every banking touchpoint. We will help financial institutions to reduce costs, serving as a single solutions provider for ATM, branch, mobile, commerce and internet banking services, as well as the payments and processing infrastructure behind those experiences."
Alaric Systems payments processing and fraud prevention software allows financial institutions, processors and retailers to manage ATM, point-of-sale (POS), ecommerce and mobile payment or banking transactions, deliver complex multi-channel payments integration and carry out enterprise fraud and risk management. Alaric Systems powers more than 1.25 billion transactions a month across 30 countries.
The Alaric Systems solution set includes the Authentic payments and Fractals fraud prevention technologies. Authentic is a modern, ultra high-performance authorization and routing system for managing transactions from all channels across the enterprise, from ATM, POS to ecommerce and mobile. Fractals is an intelligent fraud detection and prevention framework designed to detect and intercept fraudulent payment transactions before the transaction is completed.
Duluth, Ga.-based NCR, with its software, hardware and portfolio of services, enables more than 450 million transactions daily across the retail, financial, travel, hospitality, telecom and technology industries.