Welcome to our dedicated page for Aci Worldwide news (Ticker: ACIW), a resource for investors and traders seeking the latest updates and insights on Aci Worldwide stock.
ACI Worldwide Inc (ACIW) delivers innovative payment systems and financial technology solutions powering global electronic transactions. This dedicated news hub provides investors and industry professionals with essential updates on the company developments shaping the future of digital payments.
Access timely announcements including earnings reports, strategic partnerships, and product innovations in real-time payment processing. Our curated feed covers operational milestones, leadership changes, and technology advancements within ACIW's SaaS-based payment platforms serving financial institutions and merchants worldwide.
Bookmark this page for direct access to official press releases and verified news about ACI Worldwide's role in enabling secure omni-channel payments. Stay informed about critical developments affecting the electronic payments landscape through our maintained collection of company-specific updates.
ACI Worldwide has partnered with Axerve to integrate ACI Secure eCommerce into Axerve’s Payment Orchestra™, enhancing payment orchestration and fraud prevention for eCommerce merchants. This collaboration aims to improve cart conversion rates and revenue, with increased acceptance of payments and security features. With over 59 million eCommerce consumers in the U.K. projected to rise by 6% by 2025, the partnership is timely. Key benefits for merchants include access to diverse payment methods, real-time fraud management, and streamlined financial oversight.
ACI Worldwide (NASDAQ: ACIW) celebrates the first anniversary of BI-FAST, Indonesia's domestic real-time payments scheme, now boasting 106 participants representing 87% of the retail payments market. BI-FAST will expand to include bulk credit, direct debit, and Request for Pay services. The growth aligns with projections of real-time transactions in Indonesia rising to 1.6 billion by 2026, potentially contributing an additional $747 million to the economy. ACI's solution streamlines connectivity for over 100 payment players, establishing a unified payments ecosystem.
A recent study by the Centre for Economic and Business Research (Cebr), commissioned by ACI Worldwide (NASDAQ: ACIW), reveals that New Zealand could achieve an economic growth boost of $271 million (0.1%) by 2027 through the introduction of real-time payments. The study estimates additional GDP growth of $6.5 billion (2.2%) by 2027 if all payments were real-time. The report emphasizes the potential cost savings for consumers and businesses, ranging from $9.7 million to $100.1 million by 2027, depending on growth scenarios.
ACI Worldwide (NASDAQ: ACIW) has extended its partnership with Vendo Services, enabling the latter to offer over 127 cryptocurrencies, including Bitcoin, to its global merchants. This collaboration responds to increasing demand for cryptocurrency payment options. Vendo Services, leveraging ACI Secure eCommerce, will facilitate cryptocurrency processing with no processing fees, enhancing competitive advantages for merchants. With sophisticated fraud management capabilities and a unified platform for payment orchestration, the partnership aims to boost conversion rates and streamline payment experiences for end-users.
ACI Worldwide and GlobalData report that Authorized Push Payment (APP) fraud losses are projected to reach
ACI Worldwide (NASDAQ: ACIW) has appointed Thomas Warsop as Interim CEO, succeeding Odilon Almeida, who is stepping down. To ensure a smooth transition, Almeida will assist through November 30, 2022. Adalio Sanchez, who has been on the board since 2015, is now the non-executive Chair. The board aims to identify a permanent CEO with the help of an executive search firm. Warsop emphasizes ACI’s position to capitalize on the real-time payments market, aiming for operational excellence and growth.
ACI Worldwide (NASDAQ: ACIW) forecasts a 15% increase in eCommerce transactions from October to December 2022, reflecting strong consumer optimism, despite inflation and limited inventory. Key growth sectors include gaming (34%) and travel (29%). Mobile payments are expected to rise 5% with an 11% uptick in digital wallet transactions. However, friendly fraud has surged 22%, highlighting the need for robust fraud prevention strategies. Overall, a busy holiday shopping season is anticipated, contrasting with a softening retail environment.
ACI Worldwide reported Q3 2022 revenue of $307 million, a 1% increase when adjusted for foreign exchange and divestiture impacts. Net income reached $23 million. Notably, new ARR bookings surged 35% year-over-year. The company reaffirmed its 2022 revenue guidance at $1.39 billion to $1.405 billion on a constant currency basis. However, inflationary pressures and foreign exchange fluctuations are impacting EBITDA, which is projected to range between $365 million to $380 million for the year. ACI has repurchased 1.2 million shares in Q3.
ACI Worldwide (NASDAQ: ACIW) has received a silver medal from EcoVadis for its Corporate Social Responsibility efforts, ranking in the top 25% of 100,000 companies evaluated. The company improved its scores in ethics, labor, human rights, environment, and sustainable procurement. Chief HR Officer Tony Dinkins commented on the achievement as a milestone in ACI's sustainability journey, emphasizing its commitment to enhancing employee and community wellbeing. ACI participates in the EcoVadis assessment annually, sharing insights with stakeholders.
ACI Worldwide will announce its third quarter 2022 financial results on November 2, 2022. The announcement will be followed by a conference call at 8:00 am EST to discuss the results. Investors can access the call via a webcast or dial in at toll-free (888) 660-6377, using conference ID 3153574. ACI is a leader in real-time payments software, providing secure solutions for various digital payment needs.
