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ACI Worldwide, Inc. (NASDAQ: ACIW) is a leading provider of mission-critical, real-time payments software solutions. The company offers a comprehensive suite of software and SaaS-based solutions that facilitate electronic payments and enable the industry's most complete omni-channel payments experience. ACI Worldwide powers electronic payments for more than 5,100 organizations globally, including over 1,000 of the largest financial institutions and intermediaries, as well as thousands of leading merchants. The company's software products process transactions for retail banking clients, utilities, healthcare providers, and community banks, facilitating $14 trillion in payments daily.
ACI Worldwide's latest projects include key partnerships and technological advancements, such as the collaboration with RYVYL EU to leverage the ACI Payments Orchestration Platform for improved transaction conversion rates and enhanced customer experiences. Additionally, the extension of its longstanding partnership with Kuvasz Solutions aims to advance the adoption of Colombia's real-time payments ecosystem, signifying ACI's commitment to driving digital payments transformation in Latin America.
Financially robust, ACI Worldwide reported significant growth in Q4 2023, with a total revenue increase of 5% YoY to $477 million, recurring revenue up by 7%, and a net income growth of 36% to $123 million. The company also repurchased 1 million shares for $28 million and expects continued revenue growth of 7-9% in 2024. These figures underscore ACI Worldwide's strong market position and strategic focus on expanding its payment technologies and global footprint.
In addition to its financial achievements, ACI Worldwide continuously enhances its product offerings. Recent advancements include the integration of cutting-edge data-centric security solutions through its partnership with Comforte AG to help clients meet the new PCI DSS v4.0 standards. This commitment to innovation and security ensures that ACI Worldwide remains at the forefront of the evolving payments industry, providing secure, scalable solutions that meet the needs of its diverse customer base.
For more information, visit ACI Worldwide or follow them on Twitter @ACI_Worldwide.
ACI Worldwide (NASDAQ: ACIW) has announced Amanda Mickleburgh's appointment as Co-Chair of the European Advisory Board of the Merchant Risk Council (MRC). Mickleburgh, currently the product director for merchant fraud at ACI, aims to enhance collaboration within the industry to tackle evolving fraud challenges. Since joining ACI in 2007, she has focused on eCommerce fraud prevention and data intelligence. The MRC plays a crucial role in connecting stakeholders in the payment ecosystem. ACI will host MRC Connects Miami on October 6, focusing on payments and fraud prevention in the LATAM region.
ACI Worldwide (NASDAQ: ACIW) announced a partnership with GOLDPoint Systems to integrate its bill pay solutions into GOLDPoint's core platform. This integration aims to enhance customer experience by enabling seamless transaction flows and self-service capabilities for lenders. The ACI Speedpay solution will empower lenders to manage real-time payments and improve collection processes. Nicholas Financial, a customer of both companies, noted that the integration has reduced branch foot traffic while enhancing their collections and overall customer experience.
ACI Worldwide has completed the sale of its corporate online banking solutions to One Equity Partners for
According to a study by ACI Worldwide and the Centre for Economics and Business Research, upgrading the UK's payment infrastructure could add $3.8 billion to the UK GDP by 2026, representing 0.11%. The study finds that theoretical real-time payments could increase GDP by up to $98 billion, or 2.7%. Real-time payment growth in the UK lags behind emerging markets due to outdated infrastructure. The New Payments Architecture is crucial for modernization. In 2021, the UK processed 3.4 billion real-time transactions, saving $950 million and unlocking $3.2 billion in economic output.
ACI Worldwide (NASDAQ: ACIW) has partnered with Eximbay, South Korea's leading overseas payment services provider, to enhance its payment capabilities. Eximbay has integrated ACI Fraud Management for Merchants, a real-time fraud prevention solution, to bolster the security of its services. This collaboration aims to provide flexible, scalable fraud management to support Eximbay's cross-border merchant customers. The solution utilizes advanced analytics and machine learning to improve transaction acceptance rates while minimizing fraud losses.
ACI Worldwide (NASDAQ: ACIW), a leader in real-time payments software, announced its participation in several upcoming investor conferences. These include the Susquehanna 2022 Get Carded on August 5, the Wells Fargo 7th Annual FinTech & Tech Services Forum on August 9 in Newport, RI, the Canaccord Genuity 42nd Annual Growth Conference on August 11 in Boston, MA, and the D.A. Davidson Big Sky Technology Summit on August 23 in Big Sky, MT. The company aims to enhance investor relations and showcase its innovative payment solutions.
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.
ACI Worldwide reported Q2 2022 financial results showing revenue of $340 million, a 13% increase from Q2 2021, and adjusted EBITDA of $66 million, up 10%. New ARR bookings rose 3% year-over-year, totaling $18 million, and 43% year-to-date. The bank segment revenue surged 24%, while the merchant segment revenue fell 2%. ACI expects Q3 revenue between $310 million and $325 million and reaffirms full-year guidance of $1.415 billion to $1.435 billion.
ACI Worldwide (NASDAQ: ACIW) will announce its Q2 2022 financial results on August 4, 2022, at 8:30 am EST. The company, a leader in real-time payments software, will host a conference call to discuss these results. Interested participants can access the teleconference via this link or dial in at (888) 645-4404. ACI Worldwide provides essential software solutions for processing digital payments globally.
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