Intercept Group has acquired Direct Access Interactive, a provider of telephone and Internet banking services.
Intercept plans to offer Direct Access' products to community banks through its electronic funds transfer network. The Memphis company was sold for 150,000 shares of Intercept common stock.
Intercept has also made an equity investment in Atlanta-based Derivion Corp., a developer of Internet-based electronic bill presentment and payment services.
John W. Collins, chairman of the board and chief executive officer of Intercept, said the acquisition and equity stake are in line with the company's strategy to "offer the most advanced technology to our community bank customers."