Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, announced it has bolstered its
Universal Payments (UP) strategy, delivering an unrivaled merchant
retail solution to combat fraud. With its acquisition of Retail
Decisions (ReD), announced
earlier today, ACI strengthens its leadership position in the
risk management space.
"With ReD, ACI better equips multiple segments globally - issuers,
merchant acquirers, retailers, and commercial banks - as they address
disruption in the ecommerce market," said Philip Heasley, President and
CEO, ACI Worldwide. "This marks a major milestone in our Universal
Payments strategy to enable true real-time, any-to-any transactions."
Extending Fraud Management Capabilities
Securing payments and protecting both customers and their brand
reputations-across all channels-is a daunting and complex task. The
sense of urgency in addressing security issues is exacerbated in the
U.S. where the rollout of EMV is expected to drive more fraud into the
online channel as it has in other markets and regions. CNP (card not
present) transactions, which are seen often in ecommerce, are not
protected by EMV, and will likely experience an increase in fraud.
In addition to its global SaaS ecommerce fraud solution, ReD brings
immediate value to ACI's current fraud portfolio with its consortium
models, business intelligence offerings, extensive modeling/analytics
capabilities, risk analyst expertise and data center footprint.
Conversely, ACI brings to ReD customers a strong set of complementary
products, greater reach, and, most importantly, UP technology, which no
other payments risk management vendor can offer.
Challenges and UPward possibilities
More than ever, retailers, processors and acquirers must engage and
serve customers across multiple channels, but to do this smoothly and
efficiently, they require scalable payment solutions that not only
seamlessly connect all customer touch points, but also provide customers
with a consistent branded experience.
Driven by ACI's UP technology, ACI and ReD will deliver a game-changing
omni-channel solution with integrated fraud managemet, available
on-premise or in a hosted SaaS environment. UP gives financial
institutions and merchant retailers maximum control, choice and
flexibility in quickly and efficiently implementing custom transaction
products and services globally. UP removes the pressures of being locked
into a single vendor by offering independence, not only from any
hardware/POS/PED provider, but also from any payment network or
acquirer. Moreover, these businesses can exclusively offer real-time,
any-to-any commerce payment services directly to their own customers,
resulting in a fast, low cost, secure and highly efficient payment
transaction process anywhere in the world.
"We're excited to become part of ACI; the breadth and depth of its
portfolio and UP value proposition are unmatched in the industry," said
Paul Stanley, CEO, ReD. "Together with ACI, retailers, processors and
acquirers around the world are now better able to address the enormous
ecommerce disruption opportunity."
"Ecommerce has become highly disruptive due to changing consumer
preferences, channel proliferation, cost implications and, of course,
increased fraud threats. Its explosive growth presents both opportunity
and significant challenge to businesses; ACI's UP solutions provide the
technology and peace of mind for our customers to achieve success,"
About ACI Worldwide
ACI Worldwide, the Universal
Payments company, powers electronic payments and banking for more
than 5,000 financial institutions, retailers, billers and processors
around the world. ACI software processes $13 trillion each day in
payments and securities transactions for more than 250 of the leading
global retailers, and 21 of the world's 25 largest banks. Through our
comprehensive suite of software products and hosted services, we deliver
a broad range of solutions for payment processing; card and merchant
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI's sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing
This press release contains forward-looking statements based on current
expectations that involve a number of risks and uncertainties.
Generally, forward-looking statements do not relate strictly to
historical or current facts and may include words or phrases such as
"believes," "will," "expects," "anticipates," "intends," and words and
phrases of similar impact. The forward-looking statements are made
pursuant to safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.
All of the foregoing forward-looking statements are expressly qualified
by the risk factors discussed in our filings with the Securities and
Exchange Commission. Such factors include but are not limited to,
increased competition, the performance of our strategic product, UP
BASE24-eps, demand for our products, restrictions and other financial
covenants in our credit facility, consolidations and failures in the
financial services industry, customer reluctance to switch to a new
vendor, the accuracy of management's backlog estimates, the maturity of
certain products, our strategy to migrate customers to our next
generation products, ratable or deferred recognition of certain revenue
associated with customer migrations and the maturity of certain of our
products, failure to obtain renewals of customer contracts or to obtain
such renewals on favorable terms, delay or cancellation of customer
projects or inaccurate project completion estimates, volatility and
disruption of the capital and credit markets and adverse changes in the
global economy, our existing levels of debt, impairment of our goodwill
or intangible assets, litigation, future acquisitions, strategic
partnerships and investments, risks related to the expected benefits to
be achieved in the transaction with Official Payments and ReD, the
complexity of our products and services and the risk that they may
contain hidden defects or be subjected to security breaches or viruses,
compliance of our products with applicable legislation, governmental
regulations and industry standards, our compliance with privacy
regulations, the protection of our intellectual property in intellectual
property litigation, the cyclical nature of our revenue and earnings and
the accuracy of forecasts due to the concentration of revenue-generating
activity during the final weeks of each quarter, business interruptions
or failure of our information technology and communication systems, our
offshore software development activities, risks from operating
internationally, including fluctuations in currency exchange rates,
exposure to unknown tax liabilities, and volatility in our stock price.
For a detailed discussion of these risk factors, parties that are
relying on the forward-looking statements should review our filings with
the Securities and Exchange Commission, including our most recently
filed Annual Report on Form 10-K, Registration Statement on Form S-4,
and subsequent reports on Forms 10-Q and 8-K.
© Copyright ACI Worldwide, Inc. 2014.
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