Online Resources To Acquire InternetServices Provider

October 19, 2004, 1:00 a.m. EDT 1 Min Read

McLEAN, Va. - (10/19/04) -- Online Resources Corp. said it hasagreed to buy Incurrent Solutions Inc., a Parsippany, N.J., provideof Internet services for credit card issuers. Under the deal,Online Resources will pay a total of $15.3 million, comprised of $8million in cash and one million Online Resources shares valued at$7.3 million. Incurrent provides a web-based suite of card membercare services, which are branded to its credit card issuer clients.Customers include Fiserv, Certegy, National City Bank, Target, andMBNA.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Regulation and compliance

OCC grants national trust charters to five crypto firms

The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.

By Ebrima Santos Sanneh

1h ago
Federal Reserve

Fed's Goolsbee, Schmid lay out case for interest rate pause

Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.

By Maria Volkova

1h ago
Digital payments

Consumer behavior is shifting; can banks keep up?

As shoppers embrace new forms of AI, crypto and alternative financing, payment experts say financial institutions will need to reassess traditional payment products.

By Cheryl Winokur Munk

2h ago
Politics and policy

Senate Dems press for oversight hearing before year-end

Leading Democrats on the Senate Banking Committee sent a letter to Chair Tim Scott, R-S.C., pointing out the as-yet unsatisfied legal requirement for prudential regulators to appear in Congress semiannually.

By Claire Williams

6h ago
Politics and policy

FSOC tilts scales in oversight toward deregulation

Treasury Secretary Bessent said FSOC is readjusting its approach to avoid stifling growth in moves with implications for capital, technology and mortgages.

By Bonnie Sinnock

December 11
Federal Reserve

Fed unanimously reappoints all regional presidents

The Federal Reserve Board of Governors voted Wednesday to reappoint 11 sitting regional Fed presidents, without any dissents. The move precludes any effort the White House might have made to pressure the board to deny reappointments.

By Maria Volkova

December 11