Welcome to our dedicated page for Aci Worldwide news (Ticker: ACIW), a resource for investors and traders seeking the latest updates and insights on Aci Worldwide stock.
ACI Worldwide, Inc. develops and supports electronic payments software used by banks, billers, merchants, community banks and credit unions. Company updates center on payments modernization, real-time payments, card processing, fraud and financial crime controls, and digital bill payment through businesses such as Payment Software and Biller.
Recurring developments include earnings releases, guidance updates, share repurchases, product launches for the cloud-native ACI Connetic platform, and collaborations tied to payment verification and real-time payment infrastructure. ACI also publishes research on payment adoption, biller modernization and regional instant-payment systems, including activity in Latin America and other global markets.
ACI Worldwide (NASDAQ: ACIW) anticipates a thriving holiday shopping season, projecting a 23% increase in eCommerce transactions between Thanksgiving and Cyber Monday, and a 14% growth for the entire holiday period (October - December 2021). Sectors like ticketing (414%) and travel (113%) are expected to see significant gains. The buy online, pick up in store method is projected to rise 98%. However, fraud attempts are anticipated to escalate, particularly in gaming, travel, and ticketing sectors, raising concerns for merchants amid ongoing pandemic challenges.
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ACI Worldwide (NASDAQ: ACIW), a leading provider of real-time digital payment software, hosted a briefing to update investors on its three-pillar strategy and long-term goals. The company announced an increased revenue growth forecast, expecting an organic growth rate of 7-9% by 2024, up from mid-single digits. ACI aims to enhance its net adjusted EBITDA margin in line with this growth. CEO Odilon Almeida emphasized ACI's position in innovating global payments, while CFO Scott Behrens highlighted strong cash flow and financial stability.
ACI Worldwide has launched its proprietary Network Intelligence Technology to enhance fraud prevention strategies for banks and payment providers. This technology allows for the secure sharing of industry-wide fraud signals, leveraging machine learning to combat rising fraud attacks, especially in the digital payments sector affected by the Covid-19 pandemic. With APP fraud increasing by 71% in the UK, ACI's solution aims to provide a customized, hybrid approach to fraud prevention, combining proprietary signals with community insights.
ACI Worldwide (NASDAQ: ACIW) will host its analyst day on November 17 at 9:00 am ET. The leadership team will discuss the company's momentum, its role in real-time digital payment solutions, and strategies for enhancing shareholder value.
To register for the event, visit here or access the live webcast via this link for those unable to attend in person. A recording will be available post-event.
ACI Worldwide (NASDAQ: ACIW) has launched Omni-Commerce Payment Analytics, enhancing its Omni-Commerce solution. This new feature allows merchants to analyze payment data across multiple channels, delivering real-time insights on payment trends. The analytics tool aims to help merchants improve decision-making, reduce costs, and maximize conversions. Additionally, ACI's Omni-Commerce solution includes robust fraud management capabilities. The company was recently awarded by Juniper Research for excellence in payment solutions.
ACI Worldwide (NASDAQ: ACIW) reported Q3 2021 revenue of $317 million, reflecting a slight increase from Q3 2020. The company achieved a 50% year-over-year increase in net new ARR, with 99% of its guided revenue already signed for 2021. Adjusted EBITDA was $74 million, down from $87 million a year earlier, resulting in a margin of 32%. ACI revised its 2021 revenue guidance up to $1.355-$1.360 billion and adjusted EBITDA to $380-$385 million. Cash flow from operations decreased to $40 million.
ACI Worldwide (NASDAQ: ACIW) has achieved a top ranking in Aite-Novarica Group’s 2021 Aite Matrix for U.S. Cash Management Vendors. The company excelled in vendor stability, client service, and product features. Recognized for its robust functionality and successful partnerships with large banks, ACI's user-friendly platform is noted for its superior payments capabilities. This recognition reflects ACI's commitment to customer-centricity and its leadership in the payments sector, according to Jim Gillespie, head of digital banking.
ACI Worldwide (NASDAQ: ACIW) has partnered with Affirm to enhance U.S. merchants' checkout options by integrating Affirm's buy now, pay later services into ACI's Secure eCommerce solution. This collaboration allows merchants to improve conversion rates by offering flexible payment solutions without hidden fees. A report forecasts the buy now, pay later market to exceed $1.2 trillion by 2024, making this partnership timely and strategic. ACI’s Secure eCommerce also features advanced fraud prevention and business intelligence tools, further strengthening its market position.
ACI Worldwide reports a significant rise in digital payment adoption in India, with 60% of consumers using these services multiple times weekly for festive shopping. Digital payments are preferred by 41% of respondents, surpassing cash (26%) and card payments (23%). Concerns about fraud have decreased to 24%, with 33% now viewing digital payments as the most secure option. UPI transactions reached a record 3.65 billion in September. The study emphasizes the continuing shift towards digital payments and highlights the integration of online and in-store shopping experiences.