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Quotes & Info
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| RBNF > SEC Filings for RBNF > Form 8-K on 3-Aug-2009 | All Recent SEC Filings |
3-Aug-2009
Other Events
On July 28, 2009, Rurban Financial Corp.'s data processing subsidiary, Rurbanc Data Services, Inc. d/b/a RDSI Banking Systems ("RDSI"), reached an agreement with Information Technology, Inc. and Fiserv Solutions, Inc. (collectively, "Fiserv") to wind down their licensing relationship. After December 31, 2010, Fiserv will no longer license its Premier suite of products to RDSI and RDSI will exclusively market New Core Banking Systems' Single SourceTM. RDSI customers which presently rely on the Premier platform will be provided the opportunity to continue their processing with RDSI and convert to Single SourceTM, or to move their processing to Fiserv and continue to use Premier. RDSI and Fiserv have agreed to cooperate in transitioning RDSI clients to their choice of core software prior to December 31, 2010.
In accordance with the above-referenced agreement, on July 30, 2009, Fiserv dismissed the civil action it filed against RDSI relating to the Premier license agreements. The civil action, which was filed by Fiserv on May 20, 2009 in the United States District Court for the District of Nebraska, was previously disclosed in the Current Report on Form 8-K filed by Rurban Financial Corp. on May 29, 2009.
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