ATLANTA and DALLAS, Oct. 15, 2012 /PRNewswire/ — InComm, a leading prepaid product and transaction services company, today announced its acquisition of On-Line Strategies, Inc. (OLS), a software and services company focused on processing complex, large-volume and high-speed consumer-driven transactions in mission-critical environments. OLS will operate as a wholly-owned subsidiary with its current management team in place, and is immediately available to provide InComm’s customers and partners access to its advanced switch technology.

Founded in 1996, OLS’ open-architected products and services run on commodity hardware, with OLS.Switch serving as the transaction engine in a web-based or traditional online processing environment. The company’s software development is based on the Agile Software Development Life Cycle, an iterative and incremental model based on developing software in short time periods and performed in a collaborative manner. The overriding value of the OLS engine is its ability to host numerous value-add applications, simultaneously, for its customers. This capability leads to a significant competitive advantage and improved customer service, along with measurable financial and operational improvement.

“The market has shown growing demand for a comprehensive, powerful, low-cost processing engine, and given recent consolidation in the industry, we see this as a perfect time to offer our products and services to a broader customer base,” said Terry Richards, CEO, OLS. “InComm was an ideal partner, considering our overlapping customer base, its reputation as a retail solutions provider in the industry and its strong balance sheet. We are thrilled to become part of the InComm team and look forward to helping its customer base significantly reduce their total cost of ownership for the processing of consumer-driven transactions.”

“OLS is a well-regarded solutions provider in the payment processing industry with a client base of large retailers and a reputation for creativity and technological innovation,” said Brooks Smith, CEO, InComm. “We became acquainted with OLS and its team through our Medagate acquisition. We have heard nothing but positive feedback from OLS’ customers regarding the value received by implementing their technology, the efficacy of OLS’ solutions, and OLS’ ability to convert off of legacy platforms in an expeditious manner. As such, we are delighted to welcome the OLS team to InComm.”

About InComm
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. InComm supports more than 255,000 retail locations in building prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 123 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.

About On-Line Strategies, Inc.
On-Line Strategies serves the merchant retail, financial services, and healthcare industries with retail payments and adjudication systems, loyalty and related value-add applications, strategic and technical business process consultation, and round-the-clock production support services. Many of North America‘s most demanding companies depend on OLS for open architecture solutions and legacy system alternatives that offer proven performance, flexibility and the lowest cost of ownership. Any organization offering cash and non-cash payment alternatives to its customers may benefit from OLS’ capabilities. OLS is based in Dallas, Texas. For more information, visit www.olsdallas.com.

SOURCE InComm