Harland Financial Acquires uMonitor

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LAKE MARY, Fla. – Harland Financial Solutions announced a deal this morning to acquire Memphis-based uMonitor, the well-known provider of online solutions for credit unions.

Harland Financial, a subsidiary of M&F Worldwide, will immediately begin integrating uMonitor's solutions into its existing core, lending, mortgage, branch automation, Internet and mobile banking offerings.  

uMonitor solutions allow financial institutions to provide services online, in branches and at call centers, from new account opening and funding to account-to-account (A2A) money transfers, person-to-person (P2P) payments, account and advisor-client relationship management, and bill presentment and payment. uMonitor solutions offer financial institution customers the same enhanced banking experience whether in a branch, online, on a mobile phone, or through the call center - 24 hours a day, 7 days a week.

The terms of the transaction were not disclosed.

Harland Financial Solutions will continue to operate both uMonitor's main office in Memphis, Tennessee and its development office in Trivandrum, India.

Harland Financial, a former unit of John H. Harland Co., was acquired in 2007 by M&F Worldwide, the holding company controlled by corporate raider Ronald O. Perelman, as part of a deal combining Harland’s check printing business with M&F’s check printing business acquired from Clarke American.

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