ACI Worldwide, Inc. - ACIW STOCK NEWS

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.

According to a YouGov study commissioned by ACI Worldwide, 71% of Indian consumers are more cautious about digital payment fraud due to COVID-19, a rise from 47% last year. While net banking is deemed most secure, UPI and eWallets are gaining trust, with 37% of users engaging in daily transactions. Nearly 60% would contact their bank first in case of fraud. Concerns about scams are prevalent, particularly related to fake UPI links. Interestingly, 78% support government efforts to promote digital payments amidst the pandemic, indicating a growing acceptance and usage of these payment methods.

ACI Worldwide (NASDAQ: ACIW) has extended its partnership with Pick n Pay, enhancing payment modernization for the South African retailer. Utilizing ACI Omni-Commerce, the omni-channel payments platform will provide secure payment options across various channels, accommodating evolving consumer preferences. This initiative aims to boost transaction volumes significantly over the next decade, while Pick n Pay anticipates improved scalability and flexibility in its payment systems, fortifying its leadership in the retail market.

ACI Worldwide (NASDAQ: ACIW) announced its participation in the 18th Annual Craig-Hallum Institutional Investor Conference scheduled for June 2, 2021. As a leading global provider of real-time digital payment software and solutions, ACI Worldwide aims to showcase its innovative offerings during the event. The company specializes in scalable and secure solutions that enable digital payments, omni-commerce payments, and fraud risk management. With a strong commitment to driving real-time digital transformation in payments, ACI Worldwide continues to support its corporate clients effectively.

ACI Worldwide (NASDAQ: ACIW) has partnered with J.P. Morgan to enhance payment acceptance capabilities for merchants in select European countries. This collaboration combines J.P. Morgan's European acquiring platform with ACI's Omni-Commerce solution, offering merchants a seamless, secure payment experience across in-store and digital channels. This initiative aims to support businesses navigating the post-lockdown era, while J.P. Morgan remains the top acquirer of web transactions in Europe for six consecutive years.

ACI Worldwide (NASDAQ: ACIW) has expanded its partnership with KNET, Kuwait's national electronic banking company, to launch new digital payment services during the COVID-19 pandemic. KNET, utilizing the ACI Enterprise Payments Platform, aims to enhance its offerings with services like 3edeti, allowing electronic gifting of Eidia—cash vouchers exchanged during Eid. This initiative aims to meet evolving customer needs and advance KNET's operations in a rapidly changing payment landscape, reinforcing the importance of a robust digital payments infrastructure.

ACI Worldwide (NASDAQ: ACIW) reported Q1 2021 financial results with total revenue of $285 million, a 2% decline from Q1 2020, attributed to COVID-19 impacts. Annual recurring revenue (ARR) from new sales dropped to $10 million from $14 million year-over-year. Adjusted EBITDA rose 19% to $45 million, boosting the margin to 23%. Despite a net loss of $2 million, improved from $24 million in the prior year, the company reaffirmed its 2021 guidance, predicting revenue between $295 million and $305 million, and adjusted EBITDA of $375 million to $385 million.

ACI Worldwide (NASDAQ: ACIW) announced that Athol Credit Union (ACU) has chosen ACI Speedpay to enhance digital payment solutions for its members, facilitating cash payment digitization through barcode tokens. ACU now offers mobile bill payment options, with ACI moBills enabling cash payments at over 60,000 retail locations. This partnership aims to improve member experience amid pandemic-related challenges. ACI Speedpay is noted for increasing consumer satisfaction by 25% by simplifying bill management and payment.