Aci Worldwide Inc - ACIW STOCK NEWS

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 May 4, 2023. A conference call is scheduled for 8:30 am ET to discuss the outcomes. Investors can access the teleconference via the company's investor relations website or participate by dialing a toll-free number.

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.

ACI Worldwide (NASDAQ: ACIW) announces the availability of its award-winning fraud protection services as part of ACI's Real-Time Payments Cloud, ahead of the FedNow launch in July. This multi-tenant SaaS platform integrates AI-powered fraud protection, developed in collaboration with Microsoft Azure, to support U.S. banks transitioning to real-time payments. ACI has been recognized as a FedNow Instant Payment Pioneer, reflecting its early access to testing and certification. The company processes over 500 million instant payments monthly, leveraging more than 20 years of global experience. ACI aims to enhance transaction security with its proprietary AI technology, offering a scalable solution suite tailored for banks navigating the evolving payments landscape.

ACI Worldwide's 2023 Prime Time for Real-Time report reveals a record 195.0 billion real-time payments (RTP) transactions worldwide in 2022, marking a 63.2% year-on-year growth. India leads the global market with 46% of transactions, followed by Brazil, China, Thailand, and South Korea. The report forecasts RTP transactions to grow to 511.7 billion by 2027, representing a CAGR of 21.3%. Governments are increasingly promoting RTP adoption as a means to enhance economic growth and financial inclusion, with initiatives emerging globally, including the EU's proposed RTP law and the U.S. Federal Reserve's FedNow service launching in July 2023.

ACI Worldwide (NASDAQ: ACIW) has partnered with RedAbierta to provide a real-time payments infrastructure in Honduras. RedAbierta will use ACI's Enterprise Payments Platform and Low-Value Real-Time Payments solutions to launch this scheme, expected to go live in Q2 2023. The initiative aims to enhance digital payment services for banks and financial institutions, promoting economic growth and financial inclusion for the underbanked population in Honduras. ACI's expertise and technology position the country for significant advancements in its payment ecosystem.

ACI Worldwide (NASDAQ: ACIW) and Security Bank have announced a partnership to implement ACI's Enterprise Payments Platform, enhancing the bank's real-time payment capabilities in the Philippines. This alliance is aimed at modernizing Security Bank’s payment infrastructure, facilitating compliance with evolving customer and regulatory demands. The integration, which leverages cloud-native technology, will allow Security Bank to process various types of payments more efficiently. The partnership is expected to bolster the bank's position as a leader in payment innovation, contributing to the Philippines' payment system modernization.

ACI Worldwide (NASDAQ: ACIW) reported a full-year revenue of $1.422 billion for 2022, representing a 4% increase from 2021, or 7% adjusted for foreign exchange and divestiture. The company achieved ARR bookings growth of 35%, but experienced Q4 revenue decline to $452 million from $467 million in Q4 2021. Net income for the year rose 11% to $142 million. ACI has increased its share repurchase authorization to $200 million and aims for a revenue growth target of 7-9% by 2024. The 2023 revenue guidance is projected between $1.436 billion and $1.466 billion.

ACI Worldwide (NASDAQ: ACIW) will report its financial results for the fourth quarter and full year of 2022 on March 1, 2023, at 8:30 am EST. This announcement follows the company's position as a leader in real-time payments software. The management will discuss the results and provide future guidance during a conference call accessible through a webcast.

ACI Worldwide's software solutions facilitate digital payments, omni-commerce payments, and manage fraud and risk, catering to various client needs globally.