Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Payments

08:39 PM
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

Fiserv Will Acquire i_Tech Corporation from First Interstate BancSystem

Fiserv, Inc. (Brookfield, Wisc.), provider of information technology services to the financial industry, has agreed to acquire i_Tech Corporation (Billings, Mt.), a provider of outsourced account and payment processing services, from First Interstate BancSystem Inc. (Billings, Mt.). The purchase price is $40 million, and the deal is expected to close on December 31, 2008.

I_Tech provides outsourced account processing services as a licensee and reseller of the Fiserv ITI Premier core banking system to financial institutions located primarily in the northern Midwest and West. In addition to account processing services, i_Tech provides its clients with a variety of complementary services including EFT processing and check processing.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.