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January 18, 2023

On the web

5 Companies at the Forefront of Real-time Payments in the US

IBS Intelligence

Real-time Payments (RTPs) are payments that settle and clear quickly with the use of an underlying platform or network called a ‘payment rail.’ RTPs are made between bank accounts. RTP solutions are built on the connection between payee and payer and can be used by merchants of any size, consumers, and financial institutions to carry out payments to settle bills or transfer money with peers or customers. Here are 5 companies at the forefront of Real-time Payments in the US...

January 17, 2023

On the web

ACI Worldwide Launches ACI Instant Pay for Merchants - In-Store, Online, and Mobile Real-Time Payments

ACI Worldwide

ACI Worldwide, a global leader in mission-critical, real-time payments software, today announced the launch of ACI Instant Pay, a new real-time payments solution that enables merchants in the U.S. to accept online, mobile and in-store payments instantly. The expansion of ACI's real-time payments software solutions to merchants reinforces ACI’s global leadership in powering domestic and pan-regional real-time schemes reaching billions worldwide. Merchants can enable ACI Instant Pay via simple API integration with ACI's payments orchestration platform.

December 14, 2022

On the web

Axerve Partners With ACI Worldwide to Help eCommerce Businesses Grow Revenues in the U.K.

Marketscreener

“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.”

November 21, 2022

On the web

APP [Authorized Push Payment] Fraud Volumes Expected to Double by 2026, Says Report

ComputerWeekly.com

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.

On the wires

ACI Worldwide and NTT DATA Collaborate To Boost eCommerce Growth in Europe and Latin America

Businesswire

ACI Worldwide, a global leader in mission-critical, real-time payments software, and NTT DATA, a leading global technology company and IT systems integrator, will work together to advance growth into new markets across Europe and Latin America, focusing on the Italian market initially. Under a recently signed partnership, NTT DATA will integrate ACI Secure eCommerce into its technology solutions portfolio, instantly expanding merchant access to hundreds of local and cross-border acquirers and new card, digital and mobile payment methods. Merchants across Europe and Latin America are seeking to modernize their payments infrastructure. ACI Secure eCommerce is a smart, agile, holistic payments orchestration platform that enables merchants to accept new payment methods, prevent fraud and optimize customers’ payment journeys for maximum conversion and at minimum cost. The platform combines a powerful eCommerce payments gateway with sophisticated real-time fraud management capabilities and advanced business intelligence tools. It includes the ACI Mobile Commerce SDK, enabling merchants to offer a mobile checkout experience, the ACI Smart Engage mobile engagement platform and ACI PayAfter, a comprehensive “buy now, pay later” (BNPL) offering connecting customers to more than 70 BNPL lenders.

September 2, 2022

On the web

Upgrading UK’s Ageing Payments Infrastructure to Boost UK GDP by $3.8bn by 2026

ACI Worldwide

“Upgrading the UK’s ageing payments infrastructure and increasing real-time payments adoption are forecast to boost the UK economy by $3.8 billion – 0.11% of formal GDP – by 2026, according to a new study published by ACI Worldwide, Global Data, and the Centre for Economics and Business Research (Cebr). According to the Cebr, the ‘untapped potential’ of real-time payments in the UK is enormous – the theoretical impact of all payments being real-time could boost the UK’s economy by up to $98.0 billion in 2026, or 2.7% annually. The findings come after the latest UK GDP figures from the Office for National Statistics continue to show sluggish output for the UK economy in 2022 and follow recent IMF forecasts suggesting the UK is set to have the weakest growth in the G7 next year.”

August 8, 2022

On the web

ACI Worldwide and CARDNET Team Up to Modernize Digital Payments in Japan

Businesswire

“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.”

April 26, 2022

On the wires

Real-Time Payments Evolution Underway as Asia-Pacific Seeks New Growth Frontiers – ACI Worldwide Report

“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).”

March 17, 2022

On the web

RocketFuel and ACI Worldwide Partner to Enable Cryptocurrency Acceptance With Zero Merchant Fees

GlobeNewswire News Room

“RocketFuel Blockchain, Inc. (OTC QB: RKFL), a global provider of payment solutions via Bitcoin and other cryptocurrencies and ACI Worldwide, a leading global provider of real-time digital payment software and solutions, recently announced a partnership that will enable ACI Secure eCommerce to offer RocketFuel’s solution via a single integration, enabling ACI’s more than 80,000 merchants to accept cryptocurrency payments with zero processing fees—an industry first.”

February 22, 2022

On the wires

December 1, 2021

On the wires

ACI Worldwide Drives Payments Innovation for PayPoint

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 .”

August 23, 2021

On the wires

ACI Worldwide Protects More Than One Billion Consumers Globally From Fraud in the Era of Open Banking and Real-Time Payments

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”

August 5, 2021

On the wires

ACI Worldwide Strengthens Strategic Alliance With Microsoft to Deliver Payments Platform in the Cloud

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.”

July 6, 2021

On the wires

June 21, 2021

On the wires

ACI Worldwide Simplifies Student Payments for California Community Colleges

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.”

May 11, 2021

On the wires

ACI Worldwide Powers Payments Innovation for KNET

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.”

April 21, 2021

On the wires

ACI Worldwide Recognized by Central Banking Magazine for Real-Time Payments Services

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.”

April 19, 2021

On the wires

Less Than Half of Major Fuel Merchants Meet Extended EMV Deadline, According to New ACI Worldwide Data

“New data from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , shows that as of April 17, 2021 — the extended EMV liability shift deadline — less than half (48%) of fuel merchants will meet EMV automated fuel dispenser (AFD) compliance mandates. As of the extended deadline, the liability for fraud will now shift from card issuers to fuel merchants. ACI surveyed fuel merchants that collectively represent 45,000 gas stations nationwide — including major oil companies, grocers and convenience stores. The data showed that only 50 percent of fuel merchants who were not fully implemented expect to be EMV compliant by the end of 2021.”

March 1, 2021

On the wires

ACI Worldwide and InComm Payments Partner to Digitize Cash Payments, Driving Financial Inclusion Amid the Pandemic

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , and InComm Payments , a leading global payments technology company, today announced a partnership that will digitize cash payments through the use of a barcode payment token, making it easier for consumers to pay bills. For some consumers, such as the unbanked or underbanked populations, cash payments are essential. With ACI Speedpay and InComm Payments’ VanillaDirect Pay, consumers will follow the account provider’s process to get a barcode printed, scanned from a website, or sent to their phone via text or through ACI’s moBills digital wallet feature.”

February 22, 2021

On the wires

Mastercard and ACI Worldwide Announce First Real-Time Payments Infrastructure Collaboration With Cámara De Compensación Electrónica (CCE)

“Mastercard and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that Cámara de Compensación Electrónica (CCE) will utilize the ACI Enterprise Payments Platform to accelerate financial institutions’ access to Mastercard’s Instant Payment Service, the new real-time payments managed service that will enter Industry Testing in Peru later this year.”

February 16, 2021

On the wires

ACI Worldwide and Auriga Partner to Launch Next-Generation ATM Acquiring and Self-Service Banking Platform

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced a partnership with Auriga , a market leader for omni-channel banking and payment systems. The companies will launch a next-generation ATM and self-service banking platform aimed at improving the omni-channel banking experience for consumers globally.”

February 3, 2021

On the wires

ACI Worldwide Powers Real-Time Payments Growth for Thailand’s National Interbank and Transaction Management and Exchange (ITMX)

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that Thailand’s National Interbank Transaction Management and Exchange (ITMX) has successfully implemented ACI’s real-time payments solution to modernize Thailand’s bulk payments processing system and support continued real-time growth.”

January 21, 2021

On the web

January 12, 2021

On the wires

ACI Worldwide and JCB Boost Merchant Acquiring Capabilities With Successful Global Rollout of Web API Payment Solution

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , and JCB International Co., Ltd. (JCB), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, today announced that JCB has completed the successful global rollout of its JCB Web API Service, including its Web API-based dispute function.”

December 3, 2020

On the web

Starboard Value Pushes Payments Firm ACI Worldwide to Pursue Sale

Bloomberg (paywall)

“Activist investor Starboard Value is urging ACI Worldwide Inc. to explore a sale, arguing that a takeover is more likely to create value for shareholders than the payment company’s standalone plan released last month. Starboard Managing Member Jeff Smith said in a letter to the company Wednesday that its revenue growth and margin targets are so conservative that it “seems almost impossible for management to miss.””

November 3, 2020

On the wires

September 29, 2020

On the wires

ACI Worldwide and Mastercard to Collaborate and Advance New Payment Solutions and Experiences for Customers

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , and Mastercard, the global multi-rail payments technology company, today announced that they will partner to provide a wide range of real-time payment solutions globally. They will initially collaborate to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.”

September 1, 2020

On the wires

ACI Worldwide and Partners Capsys and T-Systems Power Majority of Hungary’s Real-Time Payments

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that it powers approximately 75 percent of Hungary’s real-time payments, after the successful go-live of the country’s domestic real-time scheme. The scheme mandates that all transactions below HUF10M ($34,000) must be processed immediately.”

June 16, 2020

On the wires

Banco Safra Launches in the U.S. With ACI Worldwide’s Cloud-Enabled Payments Solutions

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions , today announced that Banco Safra, the world’s largest privately-owned bank, will utilize ACI’s UP Retail Payments solution and UP Framework deployed in the public cloud via Microsoft Azure. Banco Safra will benefit from ACI’s cloud-enabled solutions and API connectivity as it expands its operations into the U.S. market with a new acquiring offering – SafraPay.”

June 1, 2020

On the wires

Conductor, Leading Brazilian Card Processor, Enters Latin America Acquiring Market With ACI’s Cloud-Enabled Solutions Powered by Microsoft Azure

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Conductor, a leading Brazilian-based card processor, is spearheading its entrance into the Latin American acquiring market using ACI’s UP Retail Payments and UP Payments Risk Management solutions, which it will deploy in the public cloud powered by Microsoft Azure.”