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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) and RS2 have launched a comprehensive solution for acquirers and issuers in Brazil. This new offering leverages both companies' strengths in payment processing and technology to support financial institutions, payment facilitators, software vendors, and processors. The cloud-enabled platform allows for quick product and service launches, integrating seamlessly with third-party platforms to enhance the payment ecosystem while reducing operational costs and increasing revenues. Key features include ACI's real-time fraud management capabilities, compliance with Brazilian regulations, and support for various card types and new payment instruments.
ACI Worldwide and STET have set a new record by processing 50 million instant cross-border payments in the last year. STET's CSM platform, leveraging ACI's technology, supports major European instant payment schemes and processed over 35 billion transactions in 2023, with a daily average of more than €25 billion.
STET and ACI's collaboration since 2017 has facilitated seamless SEPA Instant Credit Transfers across Europe. The number of instant cross-border payments is projected to grow by more than 50% in 2024, driven by the new EU Instant Payments Regulation passed in February 2024. ACI's technology enables 20 member banks to connect directly to TIPS and RT1, ensuring pan-European reachability.
Instant payments in Europe are expected to rise from 17.2 billion in 2023 to 38.6 billion in 2028, accounting for 13% of all electronic payments. ACI supports 26 domestic and pan-regional real-time schemes globally, covering about one-third of countries offering real-time payment services.
ACI Worldwide (NASDAQ: ACIW) has announced a $400 million share repurchase authorization. This new authorization includes $65 million remaining from the company's existing buyback program. So far in 2024, ACI has repurchased about 3 million shares for $106 million. The repurchase can be executed at management's discretion either in the open market, through privately negotiated transactions, or via Rule 10b5-1 plans. The authorization has no expiration date, providing flexibility for future buybacks.
ACI Worldwide, Inc. reported strong financial results for Q1 2024 with revenue up 9% from Q1 2023, net loss improved to $8 million, adjusted EBITDA increased by 93%, and operating cash flow rose by 208%. The company repurchased 2 million shares, raised guidance for full-year 2024, and saw growth in all segments. ACI is confident in its ability to capitalize on opportunities ahead.
Global real-time payments growth has reached sustainable levels with 266.2 billion transactions recorded in 2023, a 42.2% YoY growth. India dominates the market with 49% of transactions, followed by Brazil, Thailand, China, and South Korea. The report highlights lessons from successful markets like India, Brazil, Indonesia, Malaysia, and Netherlands. By 2028, 575.1 billion real-time transactions are projected globally, accounting for 27.1% of all electronic payments. Key findings include the growth in Asia Pacific, Latin America, and Africa, as well as the importance of collaboration, inclusivity, merchant incentives, innovative use cases, and cross-border payments in driving real-time payments success.
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