Aci Worldwide Inc Stock Price, News & Analysis

ACI Worldwide's Scamscope report projects Authorized Push Payment (APP) scam losses to reach $7.6 billion by 2028 across six major real-time payment markets. The report indicates APP scam losses will grow at a 12% CAGR from 2023-2028, with real-time payment scams accounting for 80% of total values by 2028. Key findings show that 25% of scam victims leave their financial institutions, while the U.S. leads projected losses at $3.08 billion by 2028. Brazil is expected to see the highest growth rate at 38% CAGR, while India shows the lowest at 6% despite being the largest real-time payments market.

Zimswitch, Zimbabwe's national electronic payments switch, has selected ACI Worldwide's Fraud Management and Payments Intelligence solution to enhance its fraud prevention capabilities. As Zimbabwe's designated national payment switch processing over 75% of all card-based transactions, Zimswitch aims to strengthen the country's digital payment security infrastructure. The implementation, expected to go live in early 2025, will integrate with Zimswitch's existing payment infrastructure to provide enhanced protection against fraudulent transactions. Zimswitch has been an ACI customer since 2007.

ACI Worldwide (ACIW) reported strong Q3 2024 financial results with significant growth across key metrics. Revenue increased 24% to $452 million, while net income surged 115% to $81 million compared to Q3 2023. Adjusted EBITDA rose 61% to $167 million, and cash flow from operations grew 114% to $54 million.

The company's Bank segment revenue grew 43% and Merchant segment revenue increased 38%. The company ended Q3 with $178 million in cash and $1 billion in debt, maintaining a net debt leverage ratio of 1.6x. Based on strong performance, ACI raised its full-year 2024 guidance, now expecting revenue between $1.567-1.601 billion and adjusted EBITDA of $433-448 million.

One Equity Partners (OEP) has completed the sale of Dragonfly Financial Technologies to FIS. Dragonfly, which was carved out from ACI Worldwide (NASDAQ: ACIW) in September 2022, provides digital business banking and cash management solutions. The company serves over 1.4 million businesses and their banks, including four of the top 10 U.S. banks, with strong presence in Asia Pacific. Financial terms were not disclosed.

ACI Worldwide's study reveals that real-time payments are projected to generate $285.8 billion in additional global GDP growth and create over 167 million new bank account holders by 2028. The report, conducted in collaboration with The Centre for Economics and Business Research (Cebr), analyzes data from 40 countries and establishes a link between real-time payments and financial inclusion.

Key findings include:

• Real-time payments boosted GDP by $164.0 billion in 2023
• Forecast GDP contributions will reach $285.8 billion by 2028
• Aggregated net savings for consumers and businesses: $116.9 billion in 2023, expected to grow to $245.8 billion by 2028
• Financial inclusion uplift is particularly significant in Pakistan, India, Philippines, Nigeria, and China
• Significant profit opportunities for banks in various regions

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, has announced that it will release its financial results for the third quarter of 2024 on Thursday, November 7, 2024. The company will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results.

Interested parties can access the conference call through a real-time teleconference webcast available at http://investor.aciworldwide.com/ or by dialing the toll-free number (888) 660-6377. Participants should provide their name and mention the conference name 'ACI Worldwide, Inc.' along with the conference ID 3153574.

ACI Worldwide's Unwrapping Checkout Trends report predicts a 16% increase in global eCommerce transaction value during the 2024 holiday season. Key findings include:

1. Buy now, pay later (BNPL) transactions surged by 237% in H1 2024.
2. Synthetic identity fraud emerged as the top threat, growing by 26%.
3. AI-driven fraud tactics are escalating threats for merchants.
4. Global eCommerce transaction volumes grew by 7%, led by travel (8%) and ticketing (3%).
5. Mobile transactions in the travel sector surged 22% YoY.

The report advises merchants to leverage AI for fraud protection, implement advanced machine learning, and utilize data-rich analytics to optimize customer interactions and boost acceptance rates.

ACI Worldwide (NASDAQ:ACIW), a global payments technology innovator, has announced a collaboration with Red Hat Inc. to make ACI's cloud-native Enterprise Payments Platform available on any cloud infrastructure using Red Hat OpenShift. This partnership aims to:

1. Ease customers' migration to the cloud
2. Offer more flexibility in deploying payment services
3. Simplify payment operations
4. Enhance resiliency and scale
5. Reduce operating costs

As a Red Hat partner, ACI gains access to Red Hat's open source portfolio of cloud-native AI and hybrid cloud platforms. This collaboration is expected to help ACI customers improve operational efficiency, accelerate new product launches, and drive growth.

ACI Worldwide's 2024 Speedpay Pulse Report reveals a surge in digital payment preferences, with 77% of Americans now favoring digital bill payments. However, this trend comes with increased risks, as 18.7% of consumers report falling victim to online identity theft. The report highlights a significant shift towards mobile payments, especially among Gen Z and Millennials.

Key findings include:

• 26% prefer mobile over website payments
• Two in five identity theft victims had accounts opened in their name
• 29% of consumers rarely change passwords unless prompted by billers
• Almost 50% believe companies don't properly educate them on data security
• 34% avoid debt collector communications due to scam fears

The report suggests billers have an opportunity to enhance payment capabilities with AI-powered fraud management solutions and increase fraud awareness education to create a secure customer experience.