PITTSBURGH â PNC Bank N.A. has announced a definitive agreement to acquire Tempus Technologies Inc. of Auburn.
A rapidly growing company founded in Auburn in 1987, Tempus Technologies is âa leading payment gateway provider that delivers secure and innovative payment-processing solutions for businesses of all sizes,â the announcement said.
Tempus operates from its headquarters on West 11th Street in Auburn that originally housed the offices of Auburn Foundry. Tempus purchased the building and extensively remodeled it before moving its downtown offices to the site in 2017.
âWe believe this is an opportunity to not only continue to grow our business and support our existing channel partners and clients, and to do so with a company that shares our vision of delivering innovative and high-quality solutions,â said Jason Sweitzer, president of Tempus Technologies. âWe look forward to expanding our services and product set, leveraging PNCâs strong treasu
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PNC Set to Acquire Payment Gateway Provider Tempus Technologies
PNC Bank announced on Wednesday it has reached a definitive agreement to acquire payment gateway provider Tempus Technologies. According to PNC, the acquisition will expand the banking group’s Treasury Management’s payments platform, which enables corporate clients to manage payable and receivables through a single channel. PNC also revealed that Tempus Technologies’ solution includes mobile payments apps, payment portals, web services and more. It will allow both prospective and existing clients enhanced flexibility with their payments processes.
“Additionally, with end-to-end encryption of payment data through a single gateway, clients will have unilateral payments safeguards housed outside of their network – reducing both risk and costs. Tempus Technologies solutions will be seamlessly integrated with PNC’s existing payments platforms, such as the RTP Network, ACH, Wire Transfer and Zelle, to provi