ACI Worldwide, Inc. - ACIW STOCK NEWS

ACI Worldwide's 2024 Speedpay Pulse Report reveals a surge in digital payment preferences, with 77% of Americans now favoring digital bill payments. However, this trend comes with increased risks, as 18.7% of consumers report falling victim to online identity theft. The report highlights a significant shift towards mobile payments, especially among Gen Z and Millennials.

Key findings include:

• 26% prefer mobile over website payments
• Two in five identity theft victims had accounts opened in their name
• 29% of consumers rarely change passwords unless prompted by billers
• Almost 50% believe companies don't properly educate them on data security
• 34% avoid debt collector communications due to scam fears

The report suggests billers have an opportunity to enhance payment capabilities with AI-powered fraud management solutions and increase fraud awareness education to create a secure customer experience.

ACI Worldwide (NASDAQ:ACIW) and Mexipay have extended their partnership to enhance Mexico's real-time payments ecosystem. Mexipay will use ACI's Digital Central Infrastructure solution to enable new payment options, built on the ISO 20022 standard. The platform will offer features like Request to Pay and Alias management, creating new revenue streams. In 2023, Mexico processed 3.8 billion real-time payments, ranking 10th globally. However, its projected CAGR of 7.8% between 2023-2028 is among the slowest in Latin America. ACI powers 26 real-time payment schemes globally, covering about one-third of countries offering such services and reaching approximately 3 billion people.

ACI Worldwide (NASDAQ:ACIW) has been ranked 'Best in Class' for Merchant Payments Orchestration in a new Datos Insights report. The company achieved the highest ranking and average score across four categories: provider stability, client strength, client service, and product features. ACI was the only vendor to earn the 'Best in Class' accreditation and ranked first in 'Top client rating for delivering on promises' and 'Top client rating for features and functionality'.

ACI was also recognized as one of only two providers offering both on-premises and cloud deployment options. The report highlights ACI's support for all payment types and methods globally, serving enterprise merchants directly and small to midsize businesses indirectly via its offering to PSPs. This recognition underscores ACI's commitment to payments innovation and its ability to meet complex merchant payment requirements worldwide.

ACI Worldwide (NASDAQ: ACIW) reported strong financial results for Q2 2024, with revenue up 16% to $373 million and net income of $31 million, a significant improvement from a $7 million loss in Q2 2023. Adjusted EBITDA increased 62% to $93 million, while cash flow from operating activities surged 215% to $55 million.

The company saw growth across all segments: Bank revenue up 22%, Merchant revenue up 4%, and Biller revenue up 13%. ACI ended the quarter with $157 million in cash and a debt balance of $1 billion. The Board authorized a $400 million share repurchase program, with 1.7 million shares repurchased for $57 million in Q2.

Based on strong performance, ACI raised its full-year 2024 guidance, now expecting revenue between $1.557-$1.591 billion and adjusted EBITDA of $423-$438 million.

ACI Worldwide (NASDAQ: ACIW) and Worldpay have extended their strategic partnership, with ACI continuing to provide critical infrastructure to support Worldpay's global merchants. This collaboration enables Worldpay to offer market-leading stability and payments acceptance through ACI's innovative software solutions.

Worldpay processes over $2 trillion in transaction volume annually for more than one million merchant locations. The partnership has seen transaction volumes grow by over 40% in the last five years. ACI's technology will support Worldpay's expansion goals, potentially accelerating entry into new markets and establishing regional hubs for enhanced payments acceptance.

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.