PITTSBURGH – PNC Bank NA has announced a definitive agreement to acquire Tempus Technologies Inc. of Auburn.
Tempus Technologies, a fast-growing company founded in Auburn in 1987, is “a leading payment gateway provider providing secure and innovative payment processing solutions for businesses of all sizes,” the announcement said.
Tempus operates from its headquarters on West 11th St., Auburn, which originally housed the Auburn Foundry offices. Tempus bought the building and extensively remodeled it before moving its downtown offices to the site in 2017.
“We believe this is an opportunity not only to grow our business and support our existing distributors and customers, but also with a company that shares our vision to deliver innovative, high-quality solutions,” said Jason Sweitzer President of Tempus Technologies said. “We look forward to expanding our services and products and leveraging PNC’s strong treasury management and advisory capabilities.”
Tempus Technologies will keep Sweitzer, along with its existing management team and employees, as President and will continue to operate from Auburn. The company will continue to manage its portfolio of channel partners and customers, PNC said.
In November, Tempus Technologies won the DeKalb Chamber Partnership’s Duesy Award for Local Business of the Year.
“We have received a lot of support from the community in that we have hired great people from the talent pool who want to hire a lot more,” said Sweitzer when he accepted the award. “We hit 135 this year and have a few more to hire. We’re really excited to invest in this community again.”
“The Tempus acquisition, which is the subject of a legal closing, will expand PNC Treasury Management’s robust payments platform and enable corporate customers to manage accounts payable and receivable through a single channel that spans all payment channels,” the banking firm said.
“This acquisition demonstrates our ongoing commitment to investing in our treasury management products and solutions by further expanding our payment capabilities,” said Mike Lyons, executive vice president and head of PNC Corporate & Institutional Banking. “By leveraging Tempus Technologies’ patented solutions and our existing industry-leading treasury management platform, we provide our customers with convenient, instant, and secure payment options tailored to the unique needs of their business.”
Tempus Technologies’ unique solutions, which include mobile payments apps, payment portals, web services and more, will provide both potential and existing customers with improved flexibility in their payment processes, the announcement said.
It continues: “By encrypting payment data end-to-end through a single gateway, customers have unilateral payment guarantees outside their network, reducing both risk and cost. Tempus Technologies solutions will be seamlessly integrated with PNC’s existing payment platforms such as RTP Network, ACH, Wire Transfer and Cell to provide customers with a comprehensive suite of solutions for all of their treasury needs. “
The announcement states that Tempus Technologies ‘mission is to provide expert solutions that exceed their customers’ needs through a variety of PC applications, mobile payment apps, payment portals, web services and more.