Online Resources To Acquire InternetServices Provider

Register now

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.

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