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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 partnered with PayPal to enhance digital payment options for its biller clients, including Monroe County Water Authority. This integration allows customers to use PayPal and Venmo for bill payments, responding to the rising preference for digital wallets. A survey indicated that 56% of Gen Z and millennials would consider using such methods for bills. The collaboration aims to address increasing consumer demand for convenient payment solutions, reflecting a shift in the bill payment landscape driven by digitalization.
ACI Worldwide has announced an expanded multi-year strategic alliance with Microsoft to enhance cloud-based payment solutions. This collaboration aims to meet the increasing demand for SaaS payment offerings among financial institutions (FIs), promoting operational efficiency, scalability, and innovative services. ACI is recognized for facilitating cloud modernization in payments, with notable clients including a global top 20 bank and a major digital bank in the US. Analysts from Aite Group emphasize that payments modernization is a priority, with significant revenue at risk if not addressed.
ACI Worldwide (NASDAQ: ACIW) reported Q2 2021 financial results, achieving total revenue of $302 million, up 1% from Q2 2020. Recurring revenue grew 7% to $250 million, with increases across all segments. Despite strong revenue growth, adjusted EBITDA fell to $60 million, a decline from $78 million in the previous year. Notably, net income decreased to $7 million from $14 million in Q2 2020. ACI announced a revenue guidance of $1.335 billion to $1.345 billion for 2021 and reaffirmed adjusted EBITDA expectations of $375 million to $385 million.
ACI Worldwide (NASDAQ: ACIW) announced it will report its financial results for the second quarter of 2021 on August 5, 2021. A conference call will be held at 8:30 am EST to discuss these results. Interested parties can access a real-time webcast via the company’s investor portal. ACI Worldwide is recognized for its real-time digital payment software and solutions, supporting businesses in managing digital transactions, omni-commerce, bill payments, and fraud risk management.
ACI Worldwide (NASDAQ: ACIW) released survey data revealing that 54% of U.S. adults receiving payment disbursements lacked choice in their payment method, contrary to 48% who value options. The preferred payment methods included direct deposit (35%) and checks (17%). The survey, based on 1,188 adults, indicated that checks are the most common payment method (31%), with lost checks being a primary issue for those facing payment problems (39%). As hurricane season peaks, the importance of swift claim payments is emphasized, especially for insurance companies.
The latest research by ACI Worldwide and YouGov reveals that real-time payments have reached parity with cash in Southeast Asia, with 61% of consumers preferring this method. The COVID-19 pandemic has accelerated this trend, with 53% now using real-time payments more frequently. Demand for modernization in financial institutions is emphasized as consumers seek faster, safer payment options. Factors driving cross-border payments include safety, transparency, and preferred payment methods, with 54% expecting to increase their real-time payment usage while traveling internationally.
ACI Worldwide has announced a successful partnership with Swedbank, resulting in a remarkable 55% decrease in card fraud. This achievement stems from enhancements to Swedbank's fraud management system, integrating machine learning and shared data to streamline compliance with strong customer authentication (SCA) mandates under PSD2. The new approach allows for quick identification and exemption of low-risk transactions from SCA requirements, fostering improved customer experience and business growth.
ACI Worldwide (NASDAQ: ACIW) reports a 49% increase in mobile wallet usage from 2020 to 2021. The ACI Speedpay Pulse study found 51% of consumers who avoid mobile wallets cite security concerns. While 84% of users feel confident in transaction security, only 44% believe their data is more secure than five years ago. During the pandemic, 15% missed payments, and 34% would consider installment options. Consumer interest in real-time payments rises, with 26% frustrated by slow processing times.
ACI Worldwide (NASDAQ: ACIW) has partnered with the Foundation for California Community Colleges to enhance student payment processes using ACI Speedpay. This collaboration allows participating colleges to implement a mobile-first payment portal, enabling students to make one-time payments, enroll in payment plans, and access digital IDs. The initiative aims to streamline tuition payments while ensuring secure and PCI-compliant data management. Over 300 higher education institutions currently utilize ACI's solutions to improve payment security and student satisfaction.
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