“Axerve, Payment Partner to Grow and a specialist in developing accessible and frictionless payment solutions, and ACI Worldwide, a global leader in mission-critical, real-time payments software, have announced the launch of a strategic partnership — geared towards offering enhanced payment orchestration services to eCommerce merchants across the U.K., Europe and the U.S. The partnership aims to provide merchants with improved payments orchestration and fraud prevention services, thereby increasing their acceptance of payments, improving payments security and ultimately boosting their conversion rates and revenues. EcommerceDB states that as of 2021, there are more than 59 million eCommerce consumers in the U.K. alone; this number is estimated to reach 62 million (+6%) by 2025. Thus, it has become increasingly important to ensure that eConsumers’ needs are met quickly and efficiently. The integration of ACI Secure eCommerce and Axerve’s payments orchestration platform strives to provide eCommerce merchants and their consumers with personalized and integrated payment orchestration solutions. Furthermore, through partnering with a key global player and strengthening its U.K. presence, Axerve has undoubtedly reached a key milestone in its internationalization process following its U.K. launch in 2022.”

Losses to authorised push payment (APP) fraud will double across the UK, India and the US in the next four years, hitting $5.25bn (£4.44bn), with a compound annual growth rate of 21% across the period, according to a report produced by ACI Worldwide, a supplier of payments software, and GlobalData, an analytics firm. In the UK specifically, APP fraud volumes in 2021 were $789.4m, with the potential to rise to $1.56bn by 2026.

APP fraud is defined as a type of scam in which the victim is convinced to transfer money to the fraudster or hand over money for goods that are never received or never existed in the first place.

APP fraud is reaching epidemic levels thanks to the growth of real-time payments, the prevalence of which makes it much easier for fraudsters to get away with it. This is because payments made in real time are transferred instantly and cannot be reversed by the victim. Fraudsters can further exploit this feature to launder their profits, moving payments through other accounts to cover their tracks and lower the risk of being traced.

“ACI Worldwide, the global leader in mission-critical, real-time payments software, today announced an agreement with Japan’s leading central domestic payment network, Japan Card Network, Inc, CARDNET, to modernize its digital payments infrastructure. The agreement will see ACI work with CARDNET to provide the latest digital payments technology and next-generation solutions to CARDNET’s customers. CARDNET processes more than 30 billion domestic payment transactions annually and provides card payment switching services to 106 companies nationwide and over 889,000 point of sale terminals to Japan’s leading merchants. The new infrastructure will enable it to meet growing demand and provide its customers with more sophisticated digital payment services and solutions covering both Japan domestic and international market.”

“Asia-Pacific is gearing up for the next phase of its real-time payments journey as the region’s major players seek new growth opportunities and prepare to enter the next stage of their real-time payments development, according to the third edition of Prime Time for Real Time 2022, published by ACI Worldwide, (NASDAQ: ACIW), in partnership with GlobalData , a leading data and analytics company, and the Centre for Economics and Business Research (Cebr).”

“ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , today announced a partnership with one of South Africa’s leading financial services providers, Nedbank , to drive its digital transformation journey including real-time payments.”

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced it is extending its partnership with PayPoint , the leading provider of innovative technology and payment services, to drive modernization of its payments business. PayPoint , a long-standing customer, will utilize ACI Acquiring , a secure and scalable solution to deliver digital innovation and capabilities to accept both traditional and alternative payment methods .”

“ACI Worldwide , a leading global provider of real-time digital payment software solutions , today announced that it protects more than one billion consumers globally from new and emerging threats in the era of real-time payments and open banking through its award-winning ACI Fraud Management solution. While the pandemic has accelerated the global shift toward real-time and digital payments , it has also accelerated the creation of digital accounts– including new accounts from the previously unbanked population”

“ACI Worldwide , a leading global provider of real-time payments and digital payment software solutions , today announced an expanded multi-year strategic alliance with Microsoft to deliver payments solutions in the cloud. The alliance will accelerate and expand ACI’s cloud payments offerings in Microsoft Azure as more financial institutions (FIs) embrace digital transformation.”

“ACI Worldwide , a leading global provider of real-time payments and digital payment software solutions , today announced that its partnership with Swedbank, one of the leading issuing and acquiring banks in the Nordic and Baltic regions, has contributed to a 55 percent decrease in card fraud, helping to improve customer experience and business growth for the Swedish bank.”

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced a partnership with the Foundation for California Community Colleges (FoundationCCC) to simplify student payments with ACI Speedpay. Once a college has adopted ACI Speedpay at their campus, students will be able to streamline college payments through ACI’s Student Payment Portal, which delivers a modern and mobile web experience.”

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that it has expanded its partnership with KNET , Kuwait’s national electronic banking company, to launch a number of new and innovative digital payment services to support its customers during the COVID-19 pandemic. KNET, a long-standing ACI customer, offers end-to-end payment solutions for all financial institutions in Kuwait.”

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that it has been recognized by Central Banking Magazine with its 2021 Central Banking Award for Payments Services . The award highlights ACI as an important provider of real-time digital payments software, helping banks and small companies connect to core central bank infrastructure.”