NCR Corp. announced the acquisition of D3 Technology Inc., a provider of online and mobile banking for financial institutions.
NCR said the acquisition will immediately position its Digital First Banking business into the market for large U.S. banks and eventually international banks.
"Today NCR Digital Banking provides online and mobile banking solutions to the community bank and credit union market segment, representing more than 600 clients," Doug Brown, senior vice president and general manager, NCR Digital Banking, told Mobile Payments Today via email. "The acquisition of D3 will allow NCR Digital Banking to extend into the large bank segment and include account openings, improved money movement and enhanced analytics."
Brown said that D3 would be integrated into NCR’s Digital Banking business unit. He said the bank expects to see increased innovation as the combination of their teams will serve both large financial institutions and community banks.
Officials said the agreement accelerates NCR's digital first banking strategy, which includes integration of the customer experience across all self-service channels, including ATMs, interactive teller machines and other banking software.
Terms of the deal were not disclosed. The acquisition is expected to be slightly dilutive to earnings per share during the first year, NCR said in the release.
