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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, a leader in real-time payment solutions, has reported that its Secure eCommerce solution surpasses global benchmarks in fraud prevention, as per the Merchant Risk Council's latest survey. ACI achieved an acceptance rate of 98%, significantly higher than the industry average of 74.4%, while maintaining a deny rate as low as 0.2% compared to 5.5%. These results showcase ACI's effective multi-layered fraud prevention strategy, which adapts to changing eCommerce dynamics. The findings highlight the company's superior performance amidst a challenging fraud landscape.
ACI Worldwide announces the full patent approval of its innovative incremental learning technology, enhancing fraud protection for merchants and financial institutions. This industry-first approach to machine learning allows ongoing adjustments to fraud detection models as new behaviors emerge, significantly improving adaptability to evolving fraud patterns. ACI positions itself as a leader in the competitive fraud prevention market, leveraging over 20 years of experience in designing machine learning models. This advancement is expected to help clients minimize fraud losses while maintaining revenue.
ACI Worldwide has been ranked 19th in the IDC Financial Insights 2021 FinTech Rankings, an important recognition based on global revenues from financial institutions. This acknowledgment showcases ACI's commitment to its clients in the financial sector. IDC projects global IT spending in finance to reach $590 billion by 2025. ACI continues to receive accolades for innovation, winning multiple awards recently for solutions in digital payments, fraud prevention, and real-time payments, reflecting its strong position in the fintech landscape.
ACI Worldwide announced that MDT Innovations has enhanced its payment capabilities using the ACI Enterprise Payments Platform. The renowned Fave app has become the first customer to implement the new real-time payment solution, launching FavePay DuitNow QR across 20,000 establishments in Malaysia. This partnership facilitates eWallet payments, enhancing scalability and flexibility for merchants to accept payments from 32 banks and eWallets. The initiative aims to boost digital payment adoption across Southeast Asia.
ACI Worldwide announced the protection of over one billion consumers globally through its ACI Fraud Management solution. The shift toward real-time payments has resulted in a 33% increase in consumer digital accounts and a doubling of transactional volumes since 2019. The fraud management solution utilizes advanced machine learning and predictive analytics to combat increasing threats like identity fraud. It is now available as a subscription plan for mid-tier banks on the Microsoft Azure public cloud.
ACI Worldwide (NASDAQ: ACIW) has joined the Fuels Institute and its Electric Vehicle (EV) Council to address issues in the vehicle and fuel markets amid a rise in EV adoption in the U.S. The Fuels Institute aims to prepare the industry for the expected surge in EV charging infrastructure. ACI serves major fuel and convenience merchants, offering solutions like ACI Omni-Commerce for secure omni-channel payments. With the Biden administration's goal of 500,000 EV charging devices by 2030, ACI's participation positions it favorably for future growth opportunities in the expanding EV market.
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