S2 acquires Furkon back office system

Texas-based transaction management software vendor S2 Systems has acquired Furkon Software Solutions' universal back office systems (UBS) product and related assets.

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S2 acquires Furkon back office system

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S2 says it is presently in talks with its clients to integrate the Furkon real-time reporting, settlement and reconciliation system with its flagship OpeN/2 platform to provide an end-to-end payments platform.

Three-year old Furkon's customer roster includes a top tier bank and several of the largest merchant/bank service providers in the United States

Stephen Clark, president and CEO, S2 Systems, says the acquisition positions the company as a provider of payment solutions "that run the gamut from online transaction switching and authorisation to back office automation and straight-through processing (STP)."

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