ACI Worldwide Collaborates with Red Hat to Deliver Enterprise Payments for the Cloud Era

Rhea-AI Summary

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.

Positive

• Partnership with Red Hat to expand cloud deployment options for ACI's Enterprise Payments Platform
• Potential for improved operational efficiency and reduced operating costs for ACI customers
• Access to Red Hat's open source portfolio of cloud-native AI and hybrid cloud platforms
• Enhanced flexibility for customers in deploying payment services (on-premises, cloud, or managed service)

Negative

• None.

Insights

Tech Expert

ACI Worldwide's collaboration with Red Hat marks a significant step in cloud-native payment solutions. By leveraging Red Hat OpenShift, ACI is enhancing the flexibility of its Enterprise Payments Platform, allowing deployment across various cloud infrastructures. This move aligns with the industry's shift towards cloud-based financial services, potentially accelerating innovation and reducing time-to-market for new payment products.

The partnership grants ACI access to Red Hat's open-source portfolio, including AI and hybrid cloud platforms. This could lead to more sophisticated payment processing capabilities, possibly incorporating machine learning for fraud detection or improved transaction routing. However, the real test will be in the implementation and how effectively ACI can integrate these technologies into its existing systems.

Financial Analyst

This collaboration positions ACI Worldwide favorably in the competitive fintech landscape. By offering cloud-native solutions, ACI can potentially reduce operational costs for its clients, a critical factor in the low-margin, high-volume payments industry. The flexibility to deploy on any cloud infrastructure could appeal to a broader range of financial institutions, potentially expanding ACI's market share.

Investors should note that while this move doesn't directly impact ACI's immediate financials, it could lead to increased revenue streams in the medium to long term. The ability to offer more scalable and cost-effective solutions may attract larger clients and help retain existing ones. However, the financial impact will depend on adoption rates and the success of the cloud-based offerings in a rapidly evolving market.

ACI joins Red Hat partner ecosystem to support cloud enablement for ACI’s industry-leading enterprise payments platform across any cloud infrastructure with Red Hat OpenShift

OMAHA, Neb. & RALEIGH, N.C.--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ:ACIW), an innovator in global payments technology, today announced a collaboration with Red Hat Inc., the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure. With this collaboration, ACI will help customers ease their migration to the cloud to better adapt to the rapidly evolving digital economy and power the next generation of payment services. Using Red Hat OpenShift empowers banks, merchants, and billers with more flexibility and choice on how they wish to deploy their payment services, whether that is on-premises, in the cloud, or as a managed service.

As a Red Hat partner, ACI gains access to Red Hat’s open source portfolio of cloud-native artificial intelligence and hybrid cloud platforms. The collaboration will help ACI customers simplify payment operations, allowing them to deploy ACI’s enterprise payments platform on any cloud infrastructure and offering enhanced resiliency and scale while reducing operating costs.

“We are excited to extend our collaboration by joining the Red Hat partner ecosystem,” said Scotty Perkins, head of product management, ACI Worldwide. “We believe that this collaboration will be a game changer for many of our partners and customers to more easily reap the benefits of deploying payment services in the cloud, such as improving operational efficiency, accelerating the launch of new products, and ultimately driving growth.”

“We look forward to collaborating with ACI to help deliver a mission-critical enterprise payments platform for customers globally,” said Stefanie Chiras, senior vice president, partner ecosystem success, Red Hat. “At Red Hat, we are committed to supporting our partners and customers with a flexible, scalable, enterprise-grade technology platform like Red Hat OpenShift, helping them maximize innovation and reduce time to market while enabling the resiliency, performance, and service quality required by leading banks across the globe.”

Note to editors: Red Hat, the Red Hat logo, and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

About ACI Worldwide
ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.

© 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/20240902486506/en/

Media:

Nick Karoglou: nick.karoglou@aciworldwide.com

Katrin Boettger: katrin.boettger@aciworldwide.com

Source: ACI Worldwide

FAQ

What is the purpose of ACI Worldwide's collaboration with Red Hat?

ACI Worldwide is collaborating with Red Hat to make its cloud-native Enterprise Payments Platform available on any cloud infrastructure using Red Hat OpenShift, aiming to ease cloud migration for customers and provide more flexibility in deploying payment services.

How will the ACI Worldwide and Red Hat partnership benefit ACIW customers?

The partnership will help ACIW customers simplify payment operations, enhance resiliency and scale, reduce operating costs, improve operational efficiency, and accelerate the launch of new products.

What technology is ACI Worldwide using from Red Hat in this collaboration?

ACI Worldwide is using Red Hat OpenShift to deploy its Enterprise Payments Platform on any cloud infrastructure, and gains access to Red Hat's open source portfolio of cloud-native AI and hybrid cloud platforms.

What deployment options will be available for ACI's Enterprise Payments Platform?

With this collaboration, ACI's Enterprise Payments Platform can be deployed on-premises, in the cloud, or as a managed service, offering customers more flexibility and choice.