ACI Worldwide and RS2 Launch One-Stop Solution for Acquirers and Issuers in Brazil

Rhea-AI Summary

ACI Worldwide (NASDAQ: ACIW) and RS2 have launched a comprehensive solution for acquirers and issuers in Brazil. This new offering leverages both companies' strengths in payment processing and technology to support financial institutions, payment facilitators, software vendors, and processors. The cloud-enabled platform allows for quick product and service launches, integrating seamlessly with third-party platforms to enhance the payment ecosystem while reducing operational costs and increasing revenues. Key features include ACI's real-time fraud management capabilities, compliance with Brazilian regulations, and support for various card types and new payment instruments.

Positive

• ACI Worldwide and RS2 are leveraging their combined expertise to target the Brazilian market, potentially expanding their market share.
• The cloud-enabled platform allows for efficient product and service launches, likely increasing revenue opportunities.
• Real-time enterprise fraud management capabilities enhance security, a important factor for financial institutions.
• The platform is compliant with local regulatory requirements, reducing barriers to entry in the Brazilian market.
• Support for a wide range of payment instruments, including wearables, caters to evolving consumer preferences.

Negative

• The success of this new venture depends on the adoption rate by Brazilian financial institutions and merchants.
• Integration with existing systems and regulatory compliance may present initial challenges and costs.

Financial Analyst

ACI Worldwide and RS2 launching a joint solution for the Brazilian market is significant. This collaboration aims to streamline and enhance the acquiring and issuing landscape in a rapidly growing economy. The integration of both companies' technologies can lead to substantial efficiencies and cost savings for financial institutions and payment companies.

From a financial perspective, the cloud-enabled platform could potentially accelerate revenue growth for both ACI and RS2 by expanding their market reach and offering cutting-edge solutions. The mention of reducing operational costs and increasing revenues is noteworthy, as it suggests that the joint platform could improve profit margins for the companies involved.

Additionally, the decision to focus on the Brazilian market is strategic, considering the country's large and growing digital payments sector. As more consumers and businesses in Brazil adopt digital payments, the demand for advanced, secure and efficient payment solutions will continue to rise. Thus, this partnership positions both companies well to capitalize on these opportunities.

However, it is essential to monitor the actual financial performance of this venture over the next few quarters to evaluate its true impact on revenue and profitability. Investors should also be aware of the competitive landscape and potential challenges related to market penetration and adoption rates.

Tech Expert

The launch of the cloud-enabled platform by ACI Worldwide and RS2 brings several technical advantages to the Brazilian payments ecosystem. Using a cloud-based infrastructure allows for scalability and flexibility, enabling payment companies to quickly adapt to changing market demands and introduce new products and services without significant delays.

One of the key aspects of this new solution is its integration with ACI's Fraud Management and Payments Intelligence. This integration provides robust real-time fraud prevention mechanisms. Leveraging advanced machine learning and predictive analytics, the platform can detect and mitigate fraudulent activities efficiently, thereby enhancing the platform's overall security and reliability.

Moreover, the platform’s ability to integrate seamlessly with third-party systems and orchestrate the entire payments ecosystem within the client environment is a important feature. This capability can significantly reduce the complexity and cost associated with maintaining multiple disparate systems.

The certification for local regulatory requirements, including PCI and local card scheme standards, ensures that the platform meets the necessary compliance standards, which is essential for gaining trust and credibility in the market.

• New offering combines the best of ACI’s and RS2’s acquiring and issuing capabilities to launch a joint solution for the Brazilian market
• Cloud-enabled platform allows payment companies to launch new products and services quickly

OMAHA, Neb. & SAO PAOLO, Brazil--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and RS2, a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil. The new offering combines the best of ACI’s and RS2’s acquiring and issuing capabilities, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations and payment processors on their digital transformation and modernization journey. It brings the global expertise and technology of both companies to the Brazilian market jointly for the first time.

The combined new cloud-enabled technology platform enables merchants, banks and payment service providers to launch new products and services efficiently using configuration portals that integrate seamlessly to third-party platforms, orchestrating the entire payments ecosystem within the client environment, making the platform secure, reducing operational costs and ultimately increasing revenues. It is supported by ACI Fraud Management and Payments Intelligence, offering customers real-time enterprise fraud management capabilities, including advanced machine learning, predictive analytics and expertly defined rules to combat the growing threat of fraud. The platform is certified for Brazil and meets all local regulatory requirements, including PCI, and local card scheme standards.

Key advantages of the new acquiring and issuing platform include:

• Acquiring: The joint solution is available as a software as a service offering for the first time in Latin America, allowing existing financial players to launch a new acquiring business quickly and cost-efficiently. The new offering transforms the merchant experience, manages interchange fee risk and simplifies expansion and global compliance.
• Issuing: Issuers and processors profit from one single consolidated issuing platform for all card types, including credit, debit and pre-paid cards, domestic cards, and new payment instruments such as wearables – enabling them to offer customers better service, more choice and increased fraud protection.

“We are delighted to join forces with RS2 and bring a sophisticated, end-to-end issuing and acquiring solution to the Brazilian market,” said Vlademir Santos, head of Brazil, ACI Worldwide. “Our combined new solution will be a game changer for the Brazilian market. It will enable our customers to drive business growth through a modern and flexible solution and to take advantage of new revenue opportunities of launching new products and services.”

“The constantly changing demands of customers to pay when, where and how they choose require innovation and financial agility from issuers and acquirers,” explained Radi El Haj, CEO of RS2. “Our advanced and fully integrated acquiring and card issuing capabilities, combined with ACI’s fraud and payments intelligence expertise, provide payment companies with the flexibility to design and configure new products, modify existing ones and effectively manage future payments securely.”

About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors 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.

About RS2
RS2 is a leading global provider of payment technology solutions and processing services, offering a unified approach to managing payments across all channels for banks, integrated software vendors, payment facilitators, independent sales organizations, payment service providers, and businesses worldwide. RS2’s platform, BankWORKS®, stands out as a robust cloud-native solution designed for both issuing and acquiring operations. With its advanced orchestration layer seamlessly integrating all aspects of business operations, clients gain access to comprehensive analytics, reporting tools, and reconciliation features. This empowers businesses to effortlessly expand their global footprint through a single integration, while also gaining valuable insights into payment processes and customer behavior, enhancing operational efficiency, increasing conversion rates, and driving profitability. www.RS2.com.

© Copyright ACI Worldwide, Inc. 2024
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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240624045833/en/

Media Contacts

ACI Worldwide

Nick Karoglou | Head of Communications and Corporate Affairs | nick.karoglou@aciworldwide.com

Katrin Boettger | Communications and Corporate Affairs Director| katrin.boettger@aciworldwide.com

RS2

Funda Ince-Taha | Head of Marketing | funda.taha@rs2.com

Source: ACI Worldwide

FAQ

What is the new solution offered by ACI Worldwide and RS2?

ACI Worldwide and RS2 have launched a one-stop solution for acquirers and issuers in Brazil, combining their acquiring and issuing capabilities into a cloud-enabled platform.

What are the benefits of the new ACI Worldwide and RS2 platform?

The platform offers quick product launches, real-time fraud management, compliance with Brazilian regulations, and support for various card types and new payment instruments.

How does the new ACI Worldwide and RS2 platform enhance security?

The platform includes ACI's advanced fraud management capabilities, featuring machine learning, predictive analytics, and expertly defined rules to combat fraud.

How will the ACI Worldwide and RS2 platform impact the Brazilian payments market?

The platform aims to streamline digital transformation for financial institutions, reduce operational costs, increase revenues, and improve the overall payment experience in Brazil.

Is the new ACI Worldwide and RS2 platform compliant with Brazilian regulations?

Yes, the platform meets all local regulatory requirements, including PCI and local card scheme standards.