Deluxe's WAUSAU Financial Systems Acquires First Data's Remittance Processing Business
August 16, 2018
Deluxe Corporation's WAUSAU Financial Systems acquired the remittance processing business of First Data Corporation for $93 million in cash. The acquisition integrates remittance processing, image-capture software and related treasury management capabilities into Deluxe Financial Services' Treasury Management Solutions to enhance efficiency and funds availability for financial institutions and corporate clients.
- Targets
- First Data Corporation (remittance processing business)
- Sellers
- First Data Corporation
- Industry
- Payments & Fintech
- Location
- Georgia, United States
- Transaction Type
- Divestiture
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