fbpx
PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Hat Trick of Acquisitions by NCR with Talks to Acquire Terafina

PaymentsJournal by PaymentsJournal
February 9, 2021
in Digital Banking, Mergers and Acquisitions, Recent News
0
daVinci Payments Formerly Swift Prepaid Solutions is Syncapay’s Most Recent Acquisition in its Quest to Build a Portfolio of Innovative Payment Firms.

daVinci Payments Formerly Swift Prepaid Solutions is Syncapay’s Most Recent Acquisition in its Quest to Build a Portfolio of Innovative Payment Firms.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

NCR Company (NYSE: NCR), a leading software and technology provider that operates financial institutions’ self-directed banking, today announced the acquisition of Terafina, a leading provider of customer account opening and onboarding solutions across digital, branch and call center networks.

On its industry-leading Digital First Banking network, Terafina extends NCR sales and marketing capabilities to accelerate revenue growth through customer and business market segments. Integrating the onboarding experience of the user into the NCR Digital First platform would drive greater client satisfaction and increase the amount of items opened by a customer. This combination helps financial institutions to establish deeper relationships with consumers, enhance brand loyalty and entertain customers in their digital and physical relationships.

“Digital Banking is a key aspect of the NCR-as-a-Service strategy we laid out at Investor Day in December,” said Michael D. Hayford, president and chief executive officer, NCR Corporation. “Terafina has been a partner of ours and is already up and running, integrated with our Digital Banking platform. We know this adds value for our clients by making digital account sales, marketing and onboarding easier, so they can provide a superior experience for customers.”

“We are very excited to combine with NCR’s Digital Banking business, which we believe is one of the largest and clearly one of the leading innovators in the marketplace,” said Meheriar Hasan, Founder & CEO, Terafina. “Terafina is looking forward to take what we’ve built and see it grow together with NCR.”

Terafina’s acquisition is consistent with the strategy of NCR to acquire early stage tech companies to develop product capabilities and strengthen NCR leadership in the vertical industries served by NCR.Financial terms of the transaction were not disclosed.

This recent acquisition by NCR is one of three acquisition accouchements following the recent Cardtronics announcement and D3 Banking technonlogies announcement. As the banking and payments industry continues to evolve we expect to see more acquisitions like these take place and organizations looks for innovate ways to keep up with the changing market.

Tags: Financial InstitutionMergers and AcquisitionsNCRsoftwaretechnologyTerafina
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Why Banks and Credit Unions Need Multiple Real-Time Payments Options

    Why Banks and Credit Unions Need Multiple Real-Time Payments Options

    June 28, 2022
    Unburdening Financial Institutions from Legacy Payments Systems

    Unburdening Financial Institutions from Legacy Payments Systems

    June 27, 2022
    Digital Enablement Capabilities Enhance the Online Customer Journey

    Digital Enablement Capabilities Enhance the Online Customer Journey

    June 24, 2022
    FICO Scores: From Industry Invention to Future-Proof Independent Metric

    FICO Scores: From Industry Invention to Future-Proof Independent Metric

    June 23, 2022
    Faster, Easier, & More Control: Where Payments Are Headed in the Future

    Faster, Easier, & More Control: Where Payments Are Headed in the Future

    June 22, 2022
    Ensuring Payments Are Collected on Time, Every Time

    Ensuring Payments Are Collected on Time, Every Time

    June 21, 2022
    How Merchants Can Use Mobile to Stay Vital to the Customer Relationship

    How Merchants Can Use Mobile to Stay Vital to the Customer Relationship

    June 20, 2022
    Digital Issuance for a Digital World 

    Digital Issuance for a Digital World 

    June 17, 2022

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result