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. (NASDAQ: ACIW) is a payments software company that focuses on electronic payments and intelligent payments orchestration for banks, billers, merchants and processors. The ACI Worldwide news page on Stock Titan aggregates company announcements, industry research and customer case studies that illustrate how its technology is used across the global payments ecosystem.
Recent news highlights include product and platform developments, such as the integration of Paze online checkout from Early Warning Services into the Pay.On payment orchestration platform to expand digital wallet options for U.S. consumers. Other updates describe how organizations like BPI Direct BanKo, Inc. and LLP Exotic Auto Finance are implementing ACI platforms to modernize payment infrastructure, support real-time transaction processing and streamline bill payment operations.
Investors and industry observers can also find ACI Worldwide’s perspectives on payments modernization, fraud trends and regulatory change. The company publishes research reports and annual payments predictions, and it shares findings on topics such as AI-driven automation, friendly fraud, and the gap between confidence and readiness among payments leaders. Announcements about events like the Payments Unleashed summit provide additional context on how ACI engages with policymakers, banks, merchants and technology partners.
By following ACIW news, readers can track developments in ACI Connetic, Pay.On, ACI Speedpay, Payments Intelligence and other named offerings, as well as financial updates and corporate actions disclosed in press releases. Bookmark this page to monitor ongoing announcements that reflect ACI Worldwide’s role in payments technology and the evolution of digital commerce and real-time payments.
ACI Worldwide has announced a successful partnership with Swedbank, resulting in a remarkable 55% decrease in card fraud. This achievement stems from enhancements to Swedbank's fraud management system, integrating machine learning and shared data to streamline compliance with strong customer authentication (SCA) mandates under PSD2. The new approach allows for quick identification and exemption of low-risk transactions from SCA requirements, fostering improved customer experience and business growth.
ACI Worldwide (NASDAQ: ACIW) reports a 49% increase in mobile wallet usage from 2020 to 2021. The ACI Speedpay Pulse study found 51% of consumers who avoid mobile wallets cite security concerns. While 84% of users feel confident in transaction security, only 44% believe their data is more secure than five years ago. During the pandemic, 15% missed payments, and 34% would consider installment options. Consumer interest in real-time payments rises, with 26% frustrated by slow processing times.
ACI Worldwide (NASDAQ: ACIW) has partnered with the Foundation for California Community Colleges to enhance student payment processes using ACI Speedpay. This collaboration allows participating colleges to implement a mobile-first payment portal, enabling students to make one-time payments, enroll in payment plans, and access digital IDs. The initiative aims to streamline tuition payments while ensuring secure and PCI-compliant data management. Over 300 higher education institutions currently utilize ACI's solutions to improve payment security and student satisfaction.
According to a YouGov study commissioned by ACI Worldwide, 71% of Indian consumers are more cautious about digital payment fraud due to COVID-19, a rise from 47% last year. While net banking is deemed most secure, UPI and eWallets are gaining trust, with 37% of users engaging in daily transactions. Nearly 60% would contact their bank first in case of fraud. Concerns about scams are prevalent, particularly related to fake UPI links. Interestingly, 78% support government efforts to promote digital payments amidst the pandemic, indicating a growing acceptance and usage of these payment methods.
ACI Worldwide (NASDAQ: ACIW) has extended its partnership with Pick n Pay, enhancing payment modernization for the South African retailer. Utilizing ACI Omni-Commerce, the omni-channel payments platform will provide secure payment options across various channels, accommodating evolving consumer preferences. This initiative aims to boost transaction volumes significantly over the next decade, while Pick n Pay anticipates improved scalability and flexibility in its payment systems, fortifying its leadership in the retail market.
ACI Worldwide (NASDAQ: ACIW) announced its participation in the 18th Annual Craig-Hallum Institutional Investor Conference scheduled for June 2, 2021. As a leading global provider of real-time digital payment software and solutions, ACI Worldwide aims to showcase its innovative offerings during the event. The company specializes in scalable and secure solutions that enable digital payments, omni-commerce payments, and fraud risk management. With a strong commitment to driving real-time digital transformation in payments, ACI Worldwide continues to support its corporate clients effectively.
ACI Worldwide (NASDAQ: ACIW) has partnered with J.P. Morgan to enhance payment acceptance capabilities for merchants in select European countries. This collaboration combines J.P. Morgan's European acquiring platform with ACI's Omni-Commerce solution, offering merchants a seamless, secure payment experience across in-store and digital channels. This initiative aims to support businesses navigating the post-lockdown era, while J.P. Morgan remains the top acquirer of web transactions in Europe for six consecutive years.
ACI Worldwide (NASDAQ: ACIW) has expanded its partnership with KNET, Kuwait's national electronic banking company, to launch new digital payment services during the COVID-19 pandemic. KNET, utilizing the ACI Enterprise Payments Platform, aims to enhance its offerings with services like 3edeti, allowing electronic gifting of Eidia—cash vouchers exchanged during Eid. This initiative aims to meet evolving customer needs and advance KNET's operations in a rapidly changing payment landscape, reinforcing the importance of a robust digital payments infrastructure.
ACI Worldwide (NASDAQ: ACIW) reported Q1 2021 financial results with total revenue of $285 million, a 2% decline from Q1 2020, attributed to COVID-19 impacts. Annual recurring revenue (ARR) from new sales dropped to $10 million from $14 million year-over-year. Adjusted EBITDA rose 19% to $45 million, boosting the margin to 23%. Despite a net loss of $2 million, improved from $24 million in the prior year, the company reaffirmed its 2021 guidance, predicting revenue between $295 million and $305 million, and adjusted EBITDA of $375 million to $385 million.
ACI Worldwide (NASDAQ: ACIW) announced that Athol Credit Union (ACU) has chosen ACI Speedpay to enhance digital payment solutions for its members, facilitating cash payment digitization through barcode tokens. ACU now offers mobile bill payment options, with ACI moBills enabling cash payments at over 60,000 retail locations. This partnership aims to improve member experience amid pandemic-related challenges. ACI Speedpay is noted for increasing consumer satisfaction by 25% by simplifying bill management and payment.
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