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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) will report its Q1 2022 financial results on
ACI Worldwide will participate in Ellucian Live 2022 from April 10-13, 2022, in Denver, CO. The event focuses on meeting new student demands for digital and alternative payments. Since December 2021, ACI has signed with numerous schools, serving nearly 200,000 students. Experts from ACI will discuss mobile payments and survey findings showing that over half of students prefer alternative payment methods. These insights aim to help higher education institutions enhance payment experiences while reducing costs.
ACI Worldwide (NASDAQ: ACIW) has announced that ALTO, Indonesia’s leading interbank switch, has integrated ACI Fraud Management into its Retail Payments solution. This partnership enhances ALTO's capabilities, positioning it as the most advanced end-to-end enterprise payments solution in the industry. The integration aims to bolster security against the rising threat of cybercrime in real-time payments, driven by the recent launch of BI-FAST, Indonesia's first national real-time payment system, thereby addressing evolving regulatory requirements and safeguarding customer data.
ACI Worldwide has launched an industry-first Fraud Scoring Services platform using its patented Incremental Learning Technology. This platform allows financial institutions to reduce fraud losses by up to 75%. Initially available in North America and Europe, it will expand globally. The service offers enhanced machine learning capabilities, improving operational efficiency and fraud detection while reducing costs. ACI's technology adapts continuously to changing fraud patterns, providing real-time solutions for financial institutions.
ACI Worldwide (NASDAQ: ACIW) has announced it is the first vendor to offer Venmo as a payment option for federal taxpayers, in addition to PayPal payments. This expansion aims to enhance taxpayer convenience, security, and increase satisfaction by facilitating digital tax payments. ACI reports that 90% of IRS electronic payments via ACI are made online or through mobile, with mobile payments growing by 85% from 2021 to 2022. ACI has securely processed over $25 billion in IRS tax payments for more than 20 years.
ACI Worldwide reported a strong financial performance for 2021, with total revenue of $1.371 billion, up 6% from 2020, and net income rising 76% to $128 million. The adjusted EBITDA increased to $384 million, a 7% growth year-over-year. In Q4 2021 alone, revenue reached $467 million, marking a 21% increase. ACI's net adjusted EBITDA margin improved to 38%. The company repurchased 3 million shares and increased its repurchase authorization, ending the year with $122 million in cash. For 2022, ACI projects mid-single-digit revenue growth, expecting between $1.415 billion to $1.435 billion in revenue.
ACI Worldwide (NASDAQ: ACIW) has partnered with Nedbank, a leading South African bank, to modernize its payment systems using the ACI Enterprise Payments Platform. This collaboration aims to implement real-time mobile payments through ACI’s Low-Value Real-Time Payments. The initiative will support Nedbank's digital transformation, restructure legacy systems, and enhance financial services with advanced solutions to combat fraud and improve customer service. The partnership is a strategic move towards better payment infrastructure in response to the growing demand for digital banking.
ACI Worldwide (NASDAQ: ACIW) has been recognized by Aite-Novarica Group as a top vendor in the 2021 Aite Matrix for Biller Direct EBPP Solutions. The company achieved the highest ratings for client strength, indicating its diverse client base and strong retention. ACI Speedpay is acknowledged for its robust features and compliance support, which enhances client relationships and drives revenue. The company is well-positioned for further growth in the evolving U.S. biller market.
ACI Worldwide (NASDAQ: ACIW) launched ACI PayAfter, enabling merchants to offer over 70 Buy Now, Pay Later (BNPL) options via a single integration. This user-friendly solution improves acceptance rates and assists merchants in reaching a broader, often overlooked customer base, including the unbanked. ACI PayAfter simplifies financing for consumers by reducing multiple credit checks and application forms, encouraging purchases. With millennials and Gen Z making up significant market segments, ACI aims to enhance the consumer experience and boost sales for merchants.
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