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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) reported significant growth in transaction volumes and values, driven by consumer adoption of digital payments during events like Amazon Prime Days 2022. Overall transaction volumes increased by 25% and values by 20% compared to 2021. The 'Buy Now, Pay Later' trend saw an almost 50% rise in average transaction value. Mobile device transactions grew 25%, while fraud attempts remained stable, rising by only 0.1%. Regional insights indicated strong performance in North America and Australia, with transaction values surging significantly.
One Equity Partners has agreed to acquire ACI Worldwide's corporate online banking solutions, a leading API-driven service that processes over $1 billion in daily payments. The new entity will operate as Dragonfly Financial Technologies. With a strong management team and a blue-chip customer base, this acquisition is positioned to leverage the growing demand for digital banking solutions. Johan Roets, ACI's current Chief Administrative Officer, will lead the new company, emphasizing accelerated growth opportunities for banks adapting to complex technology requirements.
ACI Worldwide (NASDAQ: ACIW) announced a definitive agreement to divest its corporate online banking solutions to One Equity Partners for $100 million in cash. This divestment aligns with ACI's three-pillar strategy aimed at enhancing shareholder value through organic growth and M&A. The transaction includes employees and technology assets and is expected to close in Q3 2022. CEO Odilon Almeida emphasized that this move allows ACI to focus on its core real-time payments business and leverage cloud-native technology.
ACI Worldwide has launched ACI Smart Engage, a mobile engagement platform enhancing the shopping experience for consumers. This innovation allows merchants to deliver offers directly to consumers' smartphones using geolocation and multimedia ads, facilitating one-click purchases anytime, anywhere. By integrating this feature into existing mobile applications, merchants can boost sales and engage customers effectively. Smart Engage is part of the company’s Omni-Commerce platform, supporting versatile payment solutions.
ACI Worldwide reported Q1 2022 financial results with revenue of $323 million, a 13% increase from Q1 2021. Adjusted EBITDA rose 50% to $68 million, and net income reached $16 million, improving from a net loss of $2 million in the previous year. New Annual Recurring Revenue (ARR) bookings surged 117% to $21 million. ACI reaffirmed its 2022 guidance with expected revenue growth of $1.415 billion to $1.435 billion and adjusted EBITDA between $400 million and $415 million.
ACI Worldwide (NASDAQ: ACIW) has announced its significant involvement in the FedNow Pilot Program, enhancing the upcoming U.S. real-time payments system set for launch in 2023. Since 2021, ACI has played a pivotal role, contributing to essential testing and design phases. A recent report indicates that real-time payments constituted 0.9% of U.S. total payments volume in 2021, expected to increase significantly with FedNow's introduction, potentially reaching 25.6% of global electronic payments by 2026. ACI aims to support customers in their transition to this new system.
Prolific Banking, Inc. has partnered with ACI Worldwide (NASDAQ: ACIW) to integrate Prolific's On-Ramp solution into ACI's Universal Online Banker. This collaboration aims to enhance automated enrollment for commercial banking clients, leveraging ACI APIs for seamless service integration. Jim Gillespie, VP at ACI, emphasized the value added for banks through this partnership. Prolific's president, Scott Graf, highlighted a commitment to open solutions and integration. The Prolific Open Digital platform focuses on digital transformation in banking, improving client experiences and revenue generation.
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