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

Rhea-AI Summary

ACI Worldwide (NASDAQ: ACIW) has announced a partnership with Japan Card Network, Inc. (CARDNET) to modernize its digital payments infrastructure. CARDNET, which processes over 30 billion domestic payment transactions annually, will leverage ACI's technology to enhance its services for 106 companies and over 889,000 point-of-sale terminals across Japan. The collaboration aims to meet increasing demand for advanced digital payment solutions in both domestic and international markets, further solidifying ACI's growth in the Asia Pacific region.

Positive

• Partnership with CARDNET to modernize digital payments infrastructure.
• CARDNET processes over 30 billion transactions annually, enhancing ACI's market reach.
• Improved payment services for over 889,000 point-of-sale terminals in Japan.

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• None.

MIAMI & SINAGPORE--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), 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.

“CARDNET has taken a great leap forward in its digital payments journey and we are excited to be part of the drive to modernize its payments architecture and the Japanese payments ecosystem,” said Leslie Choo, managing director, APAC, ACI Worldwide. "As Asia's digital payments networks become increasingly interconnected, having the right technology, collaboration, and shared vision will be key to staying ahead and providing unrivalled customer convenience.”

ACI's agreement with CARDNET is the latest in a series of successes across Asia Pacific for ACI as the company continues its growth in the region.

About ACI Worldwide

ACI Worldwide is the global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs, financial disruptors and merchants to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2022

ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.

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Media

Gary Hamilton-Walker

gary.hamilton-walker@aciworldwide.com

Source: ACI Worldwide

FAQ

What is the significance of ACI Worldwide's agreement with CARDNET?

The agreement allows ACI Worldwide to enhance CARDNET's digital payments infrastructure, improving services for millions of transactions in Japan.

How many transactions does CARDNET handle annually?

CARDNET processes over 30 billion domestic payment transactions each year.

What market does this partnership aim to enhance?

The partnership focuses on improving digital payments services in both the domestic Japanese market and internationally.

What technology will ACI provide to CARDNET?

ACI will provide the latest digital payments technology and next-generation solutions to modernize CARDNET's infrastructure.

How does ACI Worldwide's partnership with CARDNET impact shareholders?

The partnership is expected to drive growth in the Asia Pacific region, potentially benefiting shareholders through increased market presence.