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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 announced it will report its financial results for Q1 2021 on May 6, 2021. A conference call will take place at 8:30 am EST to discuss these results, with live audio available online. Interested parties can dial in for participation. ACI, known for its real-time digital payment solutions, continues to support corporations in managing digital payments and enhancing fraud risk management. The company's scalable solutions are integral to the digital transformation of payments globally.
ACI Worldwide (NASDAQ: ACIW) has partnered with BigDataCorp to introduce a CPF identity verification service for eCommerce merchants in Brazil. This service enables merchants to validate customer identities, ensuring only legitimate orders are approved, which aims to reduce fraud and chargebacks. The CPF number is essential for transactions as it verifies customer authenticity. With mobile commerce projected to reach $20 billion in 2023, this partnership is crucial for enhancing security in the growing Brazilian eCommerce market.
ACI Worldwide (NASDAQ: ACIW) has announced that Craig Ramsey, head of Real-Time Payments, has been selected for the U.S. Faster Payments Council Board Advisory Group. The group aims to enhance the adoption of faster payments across the U.S. ACI is engaged in promoting real-time payments globally, collaborating with various organizations. Additionally, ACI has been chosen by the Federal Reserve to participate in the pilot for the FedNow Service, facilitating the development and adoption of this new payments service.
ACI Worldwide (NASDAQ: ACIW) has received the Product Leadership Award from Frost & Sullivan for its Real-Time Payments solutions. This accolade recognizes ACI's high-quality product offerings, industry reliability, and exceptional performance. Frost & Sullivan notes ACI's agility and responsiveness to market demands, particularly during the COVID-19 pandemic, allowing clients to adapt efficiently. ACI supports 18 real-time domestic schemes globally, processing significant transaction volumes, including 50% of the UK's Faster Payments. The company's ability to innovate continuously has cemented its position as a leading provider in the payments industry.
ACI Worldwide reported a significant increase in global real-time payments, with over 70.3 billion transactions processed in 2020, a 41% rise year-on-year. The report forecasts a CAGR of 23.6% for real-time payments from 2020 to 2025. Mobile wallet adoption rose to 46% in 2020, up from 40.6% in 2019. India led in transactions, with 25.5 billion, while the U.S. ranked ninth with 1.2 billion. The rise in real-time payments reflects a shift towards digital methods, accelerated by the pandemic, impacting consumer and business behaviors.
ACI Worldwide (NASDAQ: ACIW) has appointed two new independent directors, Mary Harman and Samir Zabaneh, to its Board. Harman, formerly Managing Director at Bank of America, brings over a decade of leadership experience. Zabaneh, previously Executive VP at Fiserv, has a robust financial background. ACI's chairman, David A. Poe, expressed optimism about their contributions, emphasizing the fresh perspectives they will provide. CEO Odilon Almeida highlighted the appointments as a reinforcement of ACI's strategy for continuous profitable growth and value creation.
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