Online Resources to Acquire Incurrent Solutions
Online Resources Corp. has announced that it has entered into a definitive agreement to acquire Incurrent Solutions, Inc. for $15 million in cash and stock.
Incurrent, which was recently recognized as one of the nation's top 25 fastest-growing privately held technology companies by Forbes magazine, provides a web-based suite of cardmember care services, which are branded to its credit card issuer clients. Clients include bank card issuers such as National City Bank, co-branded bank card issuers such as Target and business card issuers such as MBNA.Clients also include card processors such as Fiserv, a leading provider of private label card processing services, and Certegy, a leading provider of issuer processing services to community banks and credit unions. Incurrent's continuing clients serve approximately 30 million cardholders, of which 1.7 million are enrolled to use Incurrent's service to access their accounts online.
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