ACI Worldwide, Inc. - ACIW STOCK NEWS

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.

ACI Worldwide (NASDAQ: ACIW) has announced an extension of its partnership with Boots UK to modernize payments for the pharmacy and health retailer. The collaboration will implement ACI Omni-Commerce, an omni-channel payments platform, enhancing customer experience across in-store, online, and mobile channels. This partnership addresses the growing demand for digital payment methods, particularly accelerated by COVID-19. Boots will also benefit from a multi-layered fraud strategy to improve payment acceptance while minimizing fraud costs.

ACI Worldwide (NASDAQ: ACIW) announces IRS approval for cash transactions via a new digital barcode feature through ACI Payments, Inc. Taxpayers, once validated, can acquire a barcode to pay taxes at over 60,000 retail locations, enhancing payment accessibility for unbanked populations. This initiative addresses financial challenges from the pandemic and facilitates simpler tax payments for consumers. ACI has securely processed over $25 billion in IRS payments over 20 years, reaffirming its long-standing partnership with the IRS.

ACI Worldwide (NASDAQ: ACIW) announces a partnership with InComm Payments to digitize cash payments using barcode payment tokens, enhancing bill payment options for unbanked and underbanked consumers. This innovative solution allows users to pay bills at over 60,000 participating retail agents, like Dollar General and Family Dollar. ACI Speedpay, the integrated suite of bill presentment and payment services, aims to improve user experience while reducing costs. The collaboration emphasizes financial inclusion and provides consumers with safer, convenient payment methods.