Stock Watch: Transaction Systems Rebounds after Restructuring

Transaction Systems Architects, Inc. (Nasdaq: TSAI) was up 1/2 to 38 1/2 in early trading today after falling Wednesday. The e-commerce software maker said it reorganized into six business units, including corporate banking e-payments, Internet banking and electronic commerce. Each unit will use its own strategy for market penetration and growth.

The company said it is working with investment banks to figure out how to leverage available capital sources. Management teams for the new divisions — the others are consumer banking, Internet infrastructure, and health claims processing and management — will be announced in coming weeks, the company said.

“This first step in our new strategy is critical, as it will help re-establish our ACI Worldwide company and brand as the leader in providing e-payments solutions to financial institutions worldwide,” said President and Chief Executive Officer David C. Russell.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

How often do you receive an email that you suspect is fraudulent?
Loading ... Loading ...

LinuxInsider Channels