SHAZAM ACQUIRES NICOLA BANKING SYSTEMS, EXPANDS CORE BANKING RELATIONSHIP REACH
posted on Monday, September 19, 2022 in Company News
DES MOINES, Iowa (Sept 19, 2022) — SHAZAM, Inc., a nationwide provider of financial services and top 10 core provider to financial institutions, announced it purchased the assets of Nicola Banking Systems, Inc. & NBS Data Services, Inc. SHAZAM’s core banking relationship reach expands as they gain Nicola core clients.
SHAZAM will fully support and add value to the Nicola core by extending clients the full spectrum of SHAZAM’s digital, EFT and network services to offer a complete and seamless payment platform. Additionally, SHAZAM will offer data-driven guidance and expertise on all aspects of the banking platform.
“We welcome Nicola clients and want them to know they can expect to enjoy the same service and commitment to community banks from SHAZAM as they have today,” said SHAZAM President and CEO Paul Waltz. “We’re dedicated to offering a comprehensive suite of solutions to those we serve. Afterall, SHAZAM’s been strengthening community financial institutions for 46 years.”
This acquisition brings together two organizations with shared core values, culture and an even stronger commitment to deliver exceptional client service from a partner whose core values are anchored in strengthening existing relationships; a partner who can offer a wide portfolio of financial services across payments and ancillary core banking services; and a partner who will continue to honor existing third-party solutions integrated into the SHAZAM core. Nicola support team members have extensive banking experience and have become part of SHAZAM. Nicola puts clients first and, like SHAZAM, has a core value of integrity.
SHAZAM pioneered the PIN-debit point-of-sale transaction, still used worldwide today. We’re the only nationwide independent, member-owned debit network, processor and core provider supporting banks and credit unions. Since we don’t answer to shareholders, we can reinvest profits in technologies our clients need as they serve the next generation of consumers. SHAZAM ensures our clients have the products and services they demand and expect in a cost-effective way. Founded in 1976 and headquartered in Iowa, we’re a leader in payments and financial technology, with a simple mission: Strengthening financial institutions. Visit us today at shazam.net.
Valerie Cibula, Communications Manager
515-288-2828, ext. 2902
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