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Diebold's ERAS becomes part of CheckAlt.

MANews-(C)2009-2014

10 June 2014 - US CheckAlt Payment Solutions on Tuesday said it had taken over the ERAS item and payment processing solutions unit of domestic self-service delivery and security systems provider Diebold Inc (NYSE:DBD), without disclosing the financial terms of the transaction.

As a result of the acquisition, ERAS, whose head office is located in Miami, has become a fully-controlled division of CheckAlt.

CheckAlt said that the addition of the business, which caters to regional banks, community banks and credit unions, expands its imaging and item processing capabilities, positioning it as a leading provider of Check 21 payment and item processing solutions for banks, credit unions and merchants.

The buyer noted it aims to expand its capabilities and pursue growth on the back of ERAS' resources.

Country: USA

Sector: Computer Software

Target: ERAS

Buyer: CheckAlt Payment Solutions

Vendor: Diebold Inc

Type: Corporate acquisition

Status: Closed

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Publication:M & A Navigator
Date:Jun 10, 2014
Words:148
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