Digital solution developer NCR Corporation has acquired online and mobile banking solution D3 Technology.
This acquisition will expand NCR Digital Banking into new market segments including US large banks and international banks, the company claims. Expanding NCR’s digital banking offering with D3 will bolster its position as a cloud-based solution provider for community financial institutions.
Financial terms of the deal were not revealed.
US-based D3 delivers a portfolio of digital banking tools and services to the banking industry, supporting consumer and business banking sides. A client can leverage D3 to implement streamline logins, payment and remittance services, account and transaction management tools, spending categorisations, and customer communications.
In addition to this, a bank can access business intelligence on their clients to help drive better decision making.
D3 CEO Mark Vipond said, “NCR is a great fit for D3 and the timing is right for us to combine forces to create a powerful digital transformation platform for large financial institutions. This transaction enables us to capitalize on new market opportunities and bring top-tier capabilities to our mutual and future clients.”
NCR Corporation president and CEO Michael D. Hayford said, “D3 has a well-earned reputation for innovation and product excellence and delivers one of the most advanced digital platforms for large banks.
“NCR’s Digital First Banking solutions help financial institutions connect with consumers whenever, wherever, and this acquisition helps NCR provide banks of all sizes with an exceptional digital experience.”
Banks, credit unions, restaurants and retail companies all utilise technology from NCR to improve their digital operations. Banks and credit unions can access digital banking, ATMs, and payment and transaction processing.
Last year, NCR acquired payments processor JetPay in a $184m deal. The purchase enabled NCR to integrate payment tools, such as POS terminals, EMV, gift cards, digital terminals, recurring payments, e-commerce transactions and mobile payments, to its existing offering.
