ACI Worldwide, Inc. - ACIW STOCK NEWS

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, has announced that it will release its financial results for the second quarter of 2024 on Thursday, August 1, 2024. The company will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results.

Interested parties can access the conference call through a real-time teleconference webcast available at http://investor.aciworldwide.com/ or by dialing the toll-free number (888) 660-6377. Participants should provide their name and mention the conference name 'ACI Worldwide, Inc.' along with the conference ID 3153574.

ACI Worldwide (NASDAQ: ACIW), a leader in real-time payments software, has been named to CNBC's World's Top Fintech Companies 2024 list. This prestigious annual ranking, created in collaboration with Statista, highlights the most impactful fintech companies worldwide. The selection criteria include a detailed analysis of key performance indicators and innovative product offerings in the finance sector. ACI Worldwide's inclusion emphasizes its commitment to delivering cutting-edge payment solutions and maintaining its position at the forefront of fintech innovation. CEO Thomas Warsop expressed pride in the recognition and reaffirmed the company's dedication to growth and value creation for stakeholders.

AFFIN Bank has partnered with ACI Worldwide to modernize its real-time payment capabilities, integrating various payment systems into a single centralized platform. The initiative targets a 75% efficiency boost by automating processes and reducing manual actions, enhancing system resilience, and meeting ISO 20022 regulatory standards. This platform will unify high-value and low-value payments, handle over 20% more transactions, and support growth and scalability. The partnership aligns with AFFIN's AX28 strategic plan for digital leadership, aiming to improve customer experience and operational efficiency.

ACI Worldwide (NASDAQ: ACIW), a prominent global provider of real-time payments software, has been honored by U.S. News & World Report as one of the “Best Companies to Work For” in their 2024-25 rankings. This recognition also includes accolades in the categories of “Best Companies to Work For in Professional Services” and “Best Companies to Work For in the South.” The rankings are based on comprehensive employee surveys evaluating factors such as company culture, leadership, compensation, benefits, and work-life balance.

Praveena Nathawat, ACI’s Chief Human Resources Officer, emphasized that the recognition underscores the company's commitment to creating a collaborative and innovative work environment. ACI Worldwide has a history of accolades for its employee-centric initiatives, also being named by Newsweek as one of America's Greatest Workplaces for 2024, with specific mentions in diversity, women’s workplace, and mental wellbeing.

ACI Worldwide (NASDAQ: ACIW) and RS2 have launched a comprehensive solution for acquirers and issuers in Brazil. This new offering leverages both companies' strengths in payment processing and technology to support financial institutions, payment facilitators, software vendors, and processors. The cloud-enabled platform allows for quick product and service launches, integrating seamlessly with third-party platforms to enhance the payment ecosystem while reducing operational costs and increasing revenues. Key features include ACI's real-time fraud management capabilities, compliance with Brazilian regulations, and support for various card types and new payment instruments.

ACI Worldwide and STET have set a new record by processing 50 million instant cross-border payments in the last year. STET's CSM platform, leveraging ACI's technology, supports major European instant payment schemes and processed over 35 billion transactions in 2023, with a daily average of more than €25 billion.

STET and ACI's collaboration since 2017 has facilitated seamless SEPA Instant Credit Transfers across Europe. The number of instant cross-border payments is projected to grow by more than 50% in 2024, driven by the new EU Instant Payments Regulation passed in February 2024. ACI's technology enables 20 member banks to connect directly to TIPS and RT1, ensuring pan-European reachability.

Instant payments in Europe are expected to rise from 17.2 billion in 2023 to 38.6 billion in 2028, accounting for 13% of all electronic payments. ACI supports 26 domestic and pan-regional real-time schemes globally, covering about one-third of countries offering real-time payment services.

ACI Worldwide (NASDAQ: ACIW) has announced a $400 million share repurchase authorization. This new authorization includes $65 million remaining from the company's existing buyback program. So far in 2024, ACI has repurchased about 3 million shares for $106 million. The repurchase can be executed at management's discretion either in the open market, through privately negotiated transactions, or via Rule 10b5-1 plans. The authorization has no expiration date, providing flexibility for future buybacks.

ACI Worldwide, Inc. reported strong financial results for Q1 2024 with revenue up 9% from Q1 2023, net loss improved to $8 million, adjusted EBITDA increased by 93%, and operating cash flow rose by 208%. The company repurchased 2 million shares, raised guidance for full-year 2024, and saw growth in all segments. ACI is confident in its ability to capitalize on opportunities ahead.

Global real-time payments growth has reached sustainable levels with 266.2 billion transactions recorded in 2023, a 42.2% YoY growth. India dominates the market with 49% of transactions, followed by Brazil, Thailand, China, and South Korea. The report highlights lessons from successful markets like India, Brazil, Indonesia, Malaysia, and Netherlands. By 2028, 575.1 billion real-time transactions are projected globally, accounting for 27.1% of all electronic payments. Key findings include the growth in Asia Pacific, Latin America, and Africa, as well as the importance of collaboration, inclusivity, merchant incentives, innovative use cases, and cross-border payments in driving real-time payments success.