Fiserv Inc. said it has reached an agreement to acquire the check processing business of Alltel Information Services Inc., one of its top rivals in bank technology outsourcing.

Milwaukee-based Fiserv said it will acquire Alltel Information's Document Management Services division, which employs about 550 people in facilities in California and New Jersey.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.