Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NEW: Harland Financial Solutions To Be Sold To Davis + Henderson
SAN ANTONIO (7/23/13, UPDATED 4:45 p.m.)--Harland Clarke Holdings Corp. has entered into an agreement to sell its subsidiary, Harland Financial Solutions, to Davis + Henderson Corp. for $1.2 billion in cash.
 
Harland Financial Solutions accounted for roughly 15% of Harland Clarke Holdings' business in 2012.
 
D+H supports more 1,700 credit unions and banks across the U.S., including Mortgagebot and Compushare.
 
"Rest assured, Harland Financial Solutions will continue to operate in a 'business as usual' fashion, with no changes or impact to our clients," said Raju Shivdasani, Harland Financial Solutions CEO.
 
The sale is subject to customary closing conditions, including the expiration or termination of applicable waiting periods, and is expected to close in the third quarter of 2013.
 
D+H has established a website (www.NewFinTechFuture.com) to provide additional information regarding the acquisition.
 
Harland Clarke, the company's largest business segment, services about 12,500 financial and commercial institutions through multiple channels. Its marketing products include business intelligence and analytics, management, strategic services, and award-winning creative development.
 
Harland Clarke's payment solutions include checks, cards and related products and services, and high-value transactional documents, including statements, compliance documents and communications.
 
The company's retail division services big box retailers, large direct selling businesses, and membership-based and affinity organizations by products and services, including checks and related products, cash management and fulfillment services, private label materials, and small business marketing materials.
 
The subsidiary sold is not the same organization as Harland Clarke. Corp., the check printers, which is a CUNA Strategic Services provider.


RSS print
News Now LiveWire
Why is a #creditunion a good fit for you? http://t.co/i4pGT98mkT via @MONEY
13 hours ago
The numbers are in: Home Depot data breach impact on #creditunions = $57.4 million, 7.2 million credit/debit cards http://t.co/jorYSOYuxj
14 hours ago
.@Nussle : We'll back off when retailers accept their breach responsibility #NewsNow http://t.co/7WxDXicb6j
16 hours ago
RT @asmarterchoice: RT @daily_finance: Top 5 money management tips for 30-somethings http://t.co/mWRfDRSTE7
17 hours ago
Operational efficiencies focus of new @CUNA program #NewsNow http://t.co/qBYHKVYeQN
17 hours ago