ACI Worldwide, Inc. - ACIW STOCK NEWS

One Equity Partners (OEP) has completed the sale of Dragonfly Financial Technologies to FIS. Dragonfly, which was carved out from ACI Worldwide (NASDAQ: ACIW) in September 2022, provides digital business banking and cash management solutions. The company serves over 1.4 million businesses and their banks, including four of the top 10 U.S. banks, with strong presence in Asia Pacific. Financial terms were not disclosed.

ACI Worldwide's study reveals that real-time payments are projected to generate $285.8 billion in additional global GDP growth and create over 167 million new bank account holders by 2028. The report, conducted in collaboration with The Centre for Economics and Business Research (Cebr), analyzes data from 40 countries and establishes a link between real-time payments and financial inclusion.

Key findings include:

• Real-time payments boosted GDP by $164.0 billion in 2023
• Forecast GDP contributions will reach $285.8 billion by 2028
• Aggregated net savings for consumers and businesses: $116.9 billion in 2023, expected to grow to $245.8 billion by 2028
• Financial inclusion uplift is particularly significant in Pakistan, India, Philippines, Nigeria, and China
• Significant profit opportunities for banks in various regions

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, has announced that it will release its financial results for the third quarter of 2024 on Thursday, November 7, 2024. The company will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results.

Interested parties can access the conference call through a real-time teleconference webcast available at http://investor.aciworldwide.com/ or by dialing the toll-free number (888) 660-6377. Participants should provide their name and mention the conference name 'ACI Worldwide, Inc.' along with the conference ID 3153574.

ACI Worldwide's Unwrapping Checkout Trends report predicts a 16% increase in global eCommerce transaction value during the 2024 holiday season. Key findings include:

1. Buy now, pay later (BNPL) transactions surged by 237% in H1 2024.
2. Synthetic identity fraud emerged as the top threat, growing by 26%.
3. AI-driven fraud tactics are escalating threats for merchants.
4. Global eCommerce transaction volumes grew by 7%, led by travel (8%) and ticketing (3%).
5. Mobile transactions in the travel sector surged 22% YoY.

The report advises merchants to leverage AI for fraud protection, implement advanced machine learning, and utilize data-rich analytics to optimize customer interactions and boost acceptance rates.

ACI Worldwide (NASDAQ:ACIW), a global payments technology innovator, has announced a collaboration with Red Hat Inc. to make ACI's cloud-native Enterprise Payments Platform available on any cloud infrastructure using Red Hat OpenShift. This partnership aims to:

1. Ease customers' migration to the cloud
2. Offer more flexibility in deploying payment services
3. Simplify payment operations
4. Enhance resiliency and scale
5. Reduce operating costs

As a Red Hat partner, ACI gains access to Red Hat's open source portfolio of cloud-native AI and hybrid cloud platforms. This collaboration is expected to help ACI customers improve operational efficiency, accelerate new product launches, and drive growth.

ACI Worldwide's 2024 Speedpay Pulse Report reveals a surge in digital payment preferences, with 77% of Americans now favoring digital bill payments. However, this trend comes with increased risks, as 18.7% of consumers report falling victim to online identity theft. The report highlights a significant shift towards mobile payments, especially among Gen Z and Millennials.

Key findings include:

• 26% prefer mobile over website payments
• Two in five identity theft victims had accounts opened in their name
• 29% of consumers rarely change passwords unless prompted by billers
• Almost 50% believe companies don't properly educate them on data security
• 34% avoid debt collector communications due to scam fears

The report suggests billers have an opportunity to enhance payment capabilities with AI-powered fraud management solutions and increase fraud awareness education to create a secure customer experience.

ACI Worldwide (NASDAQ:ACIW) and Mexipay have extended their partnership to enhance Mexico's real-time payments ecosystem. Mexipay will use ACI's Digital Central Infrastructure solution to enable new payment options, built on the ISO 20022 standard. The platform will offer features like Request to Pay and Alias management, creating new revenue streams. In 2023, Mexico processed 3.8 billion real-time payments, ranking 10th globally. However, its projected CAGR of 7.8% between 2023-2028 is among the slowest in Latin America. ACI powers 26 real-time payment schemes globally, covering about one-third of countries offering such services and reaching approximately 3 billion people.

ACI Worldwide (NASDAQ:ACIW) has been ranked 'Best in Class' for Merchant Payments Orchestration in a new Datos Insights report. The company achieved the highest ranking and average score across four categories: provider stability, client strength, client service, and product features. ACI was the only vendor to earn the 'Best in Class' accreditation and ranked first in 'Top client rating for delivering on promises' and 'Top client rating for features and functionality'.

ACI was also recognized as one of only two providers offering both on-premises and cloud deployment options. The report highlights ACI's support for all payment types and methods globally, serving enterprise merchants directly and small to midsize businesses indirectly via its offering to PSPs. This recognition underscores ACI's commitment to payments innovation and its ability to meet complex merchant payment requirements worldwide.

ACI Worldwide (NASDAQ: ACIW) reported strong financial results for Q2 2024, with revenue up 16% to $373 million and net income of $31 million, a significant improvement from a $7 million loss in Q2 2023. Adjusted EBITDA increased 62% to $93 million, while cash flow from operating activities surged 215% to $55 million.

The company saw growth across all segments: Bank revenue up 22%, Merchant revenue up 4%, and Biller revenue up 13%. ACI ended the quarter with $157 million in cash and a debt balance of $1 billion. The Board authorized a $400 million share repurchase program, with 1.7 million shares repurchased for $57 million in Q2.

Based on strong performance, ACI raised its full-year 2024 guidance, now expecting revenue between $1.557-$1.591 billion and adjusted EBITDA of $423-$438 million.