Aci Worldwide Inc Stock Price, News & Analysis

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.

ACI Worldwide (NASDAQ: ACIW) reported financial results for Q4 and the full year ending December 31, 2020. Total bookings reached $1.495 billion, a 21% increase from 2019, while new bookings surged 36% to $737 million. Full-year revenues grew 3% to $1.29 billion, with total recurring revenue at $981 million, up 10%. Net income rose 8% to $73 million. ACI anticipates mid-single-digit growth in H2 2021 and expects adjusted EBITDA between $375 million and $385 million for the year.

ACI Worldwide (NASDAQ: ACIW) has announced an agreement with Starboard Value LP, which owns approximately 7.7% of ACI's common stock, to appoint two new independent directors to its Board. This addition will temporarily increase the Board's size to 12 members, with 11 being independent. ACI leadership emphasized that these appointments align with their commitment to Board refreshment and advancing profitability. The CEO of Starboard expressed confidence in ACI's potential for enhanced shareholder value through these changes.

Mastercard and ACI Worldwide (NASDAQ: ACIW) announced a partnership with Cámara de Compensación Electrónica (CCE) to enhance financial institutions' access to real-time payments in Peru. The collaboration aims to modernize the country's digital payment infrastructure, leveraging ACI's Enterprise Payments Platform and Mastercard's Instant Payment Service. Following a significant increase in transfer volumes—from 580,000 in January 2020 to over 2.8 million in January 2021—this initiative is set to support ongoing demand for real-time payments, with industry testing starting later this year.