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ACI Worldwide, Inc. (NASDAQ: ACIW) is a leading provider of mission-critical, real-time payments software solutions. The company offers a comprehensive suite of software and SaaS-based solutions that facilitate electronic payments and enable the industry's most complete omni-channel payments experience. ACI Worldwide powers electronic payments for more than 5,100 organizations globally, including over 1,000 of the largest financial institutions and intermediaries, as well as thousands of leading merchants. The company's software products process transactions for retail banking clients, utilities, healthcare providers, and community banks, facilitating $14 trillion in payments daily.
ACI Worldwide's latest projects include key partnerships and technological advancements, such as the collaboration with RYVYL EU to leverage the ACI Payments Orchestration Platform for improved transaction conversion rates and enhanced customer experiences. Additionally, the extension of its longstanding partnership with Kuvasz Solutions aims to advance the adoption of Colombia's real-time payments ecosystem, signifying ACI's commitment to driving digital payments transformation in Latin America.
Financially robust, ACI Worldwide reported significant growth in Q4 2023, with a total revenue increase of 5% YoY to $477 million, recurring revenue up by 7%, and a net income growth of 36% to $123 million. The company also repurchased 1 million shares for $28 million and expects continued revenue growth of 7-9% in 2024. These figures underscore ACI Worldwide's strong market position and strategic focus on expanding its payment technologies and global footprint.
In addition to its financial achievements, ACI Worldwide continuously enhances its product offerings. Recent advancements include the integration of cutting-edge data-centric security solutions through its partnership with Comforte AG to help clients meet the new PCI DSS v4.0 standards. This commitment to innovation and security ensures that ACI Worldwide remains at the forefront of the evolving payments industry, providing secure, scalable solutions that meet the needs of its diverse customer base.
For more information, visit ACI Worldwide or follow them on Twitter @ACI_Worldwide.
ACI Worldwide (NASDAQ: ACIW) reported a 23% increase in global eCommerce transactions in October 2020 compared to October 2019, attributed to retail, gaming, DIY, and digital sectors. Projected transactions are expected to rise 25% in Q4 2020. The gaming sector saw a staggering 90% increase, while travel and ticketing faced declines of 33% and 79% respectively. Additionally, fraud attempts’ value increased by 0.4%, and chargebacks rose by 10%. The data underscores changing consumer behavior amid COVID-19 lockdowns.
ACI Worldwide (NASDAQ: ACIW) reported Q3 2020 financial results with total revenue of $316 million, down 11% year-over-year, primarily due to COVID-related delays affecting its On Premise business. Adjusted EBITDA fell 13% to $87 million, while the net EBITDA margin improved to 31%. The On Demand segment showed resilience with $190 million in revenue, a 1% decline, but improved net adjusted EBITDA margin of 32%. Total bookings increased by 43% compared to Q3 2019. The company has suspended its full-year guidance due to uncertainties from the pandemic.
ACI Worldwide (NASDAQ: ACIW) will host its analyst day on November 10 at 9:00am EST. The virtual event will feature senior management, including new president and CEO Odilon Almeida, outlining the company's new strategy and discussing market opportunities. A customer and partner panel will focus on the global acceleration of real-time payments. The event will be accessible via a live audio webcast, with a replay available afterward.
ACI Worldwide (NASDAQ: ACIW) has launched its Fraud Management solution in the cloud for Indian banks, aiming to safeguard the growing number of Unified Payments Interface (UPI) transactions, which recently totaled 2.07 billion in October. The solution enhances fraud detection and management without altering existing UPI systems, offering scalability and reduced costs. ACI aims to address the challenges posed by increasing digital transactions and cyber fraud, thereby supporting India's vision for a cashless economy.
ACI Worldwide (NASDAQ: ACIW) announced that EFT Corporation, a major payment solution provider in Africa, is expanding its offerings using the ACI Enterprise Payments Platform. This implementation aims to enhance EFT's customer service across Africa, leveraging secure transactions across various channels. EFT, a long-term ACI client, currently supports over 80 clients in 18 countries. The platform's capabilities are designed to future-proof EFT's business, allowing it to meet the evolving demands of the payment ecosystem while ensuring security and resilience.
ACI Worldwide (NASDAQ: ACIW) will release its third quarter 2020 financial results on November 5, 2020. A conference call is scheduled for 8:30 am EST to discuss these results, with access via investor portal or through specified dial-in numbers. ACI Worldwide provides digital payment software for over 6,000 organizations, processing $14 trillion in payments and securities daily. More than 1,000 major financial institutions rely on ACI's solutions for real-time payments and omni-channel experiences.
ACI Worldwide (NASDAQ: ACIW) has extended its partnership with Aegean Airlines to enhance revenue growth and combat online fraud. This collaboration has been ongoing since 2014, achieving an impressive 97% capture rate of confirmed fraud, saving the airline €1.4 million in 2019. The ACI Secure eCommerce solution employs machine learning and consortium intelligence to protect against fraud, particularly crucial during the pandemic when fraud risks have escalated. Aegean Airlines is the largest in Greece, operating 120 international routes.
ACI Worldwide (NASDAQ: ACIW) has appointed Charles “Charlie” Bobrinskoy and Didier Lamouche as independent directors to its Board. Bobrinskoy, a veteran in the investment sector, brings over 30 years of experience, while Lamouche has extensive operational expertise from his tenure in technology and digital payments. These appointments aim to enhance ACI's strategy for profitable growth and value creation in the digital payment landscape. The leadership change is set to strengthen ACI's competitive positioning and support its long-term objectives.
ACI Worldwide (NASDAQ: ACIW) forecasts a 27% increase in global eCommerce transactions from October to December 2020, driven by changing consumer behaviors due to the pandemic. The buy-online-pick-up-in-store (BOPIS) channel is expected to rise 40%. In September, eCommerce purchasing grew by 21% year-over-year, with notable increases in gaming (71%) and retail (45%). However, travel and ticketing saw declines of 21% and 75%, respectively. Increased fraud risk is highlighted, with an average fraud attempt value rising to $9 in 2020.
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