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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) has partnered with MagicCube to offer secure contactless payment solutions using COTS smartphones and tablets for mid-size to large retailers. This collaboration aims to enhance transaction control and visibility while integrating seamlessly into complex systems without impacting PCI Data Security Standard compliance. Key features include multi-acquirer support, flexible acceptance rule management, and local card scheme adaptation, enabling better shopping experiences via mobile wallets like Apple Pay and Google Pay. ACI's Payments Orchestration Platform will empower thousands of merchants globally to boost conversion rates. This partnership was showcased at the ETA Transact event in Atlanta, April 24-28, 2023.
ACI Worldwide (NASDAQ: ACIW), a leader in real-time payments software, will report its first-quarter financial results on
ACI Worldwide specializes in providing solutions for digital payments, omni-commerce payments, bill payments, and fraud risk management. The company emphasizes its ability to support real-time digital transformation for various sectors.
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