ACI announced a definitive agreement to sell its ACI Community Financial Services (CFS) business to Fiserv. It is expected to close before the end of the Q1-2016.
An open letter to ACI’s Community Bank and Credit Union customers
ACI announced a definitive agreement to sell its ACI Community Financial Services (CFS) business* to Fiserv, a leading global provider of financial services technology solutions. The transaction is expected to close before the end of the first quarter of 2016.
Much consideration and strategic reflection contributed to this decision. We identified Fiserv as the ideal company to carry this business forward given its strength in digital banking, payments and account processing services; its long-standing commitment to serving community banks and credit unions; and our long history of working together. We believe that you, along with our dedicated CFS staff and products, will flourish with the support of Fiserv. We will work closely together to ensure a smooth transition process.
Your team will continue to work with the same contacts as before, and these CFS team members will continue to provide you with the same high levels of service and support. Throughout the transition, ACI and Fiserv representatives will reach out to you individually to discuss next steps.
Group President, ACI On Demand