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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'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) 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.
ACI Worldwide (NASDAQ: ACIW) announced an expansion in its global reach for real-time payments software, now powering 25 domestic and regional schemes across six continents. Key markets include Europe, the Middle East, and Asia-Pacific, with 12 countries using ACI's software. In 2022, ACI secured contracts with three central banks in the Middle East. The demand for real-time payments is rising, driven by government regulations and the upcoming FedNow service in 2023, which could enhance the U.S. market significantly. ACI aims to unlock billions in economic value through efficient payment systems.
ACI Worldwide reports a strong 2022 holiday shopping season, with eCommerce transactions increasing by 21% compared to 2021, surpassing projections by 6%. Notable trends include a significant 87% rise in buy now, pay later (BNPL) transaction values during Black Friday and a 36% share of Black Friday eCommerce traffic from mobile devices. Fraud attempts decreased by 0.5%, indicating enhanced transaction security. Consumers favored cheaper delivery methods, with BOPIS transactions growing by 18%. Overall, ACI anticipates continued growth in digital payments and mobile shopping trends into 2023.
ACI Worldwide (NASDAQ: ACIW) has launched ACI Wallet Hub, connecting merchants in 70+ countries to over 200 digital wallets through a single API integration. This hub simplifies the management of multiple wallet integrations, enhancing eCommerce sales by promoting an easy checkout experience. The rise in digital wallet usage, with 52.7% of consumers adopting them in 2021, drives demand for this solution. ACI Wallet Hub aims to reduce costs and improve time-to-market for merchants by offering a comprehensive suite of payment options across eCommerce, mobile, and in-store channels.
ACI Worldwide (NASDAQ: ACIW) has launched ACI Instant Pay, a new real-time payments solution for U.S. merchants. This technology allows for instant online, mobile, and in-store payments, enhancing the checkout experience while reducing costs and fraud risk. ACI Instant Pay integrates seamlessly via a simple API, offering merchants freedom from interchange fees and the benefits of instant liquidity. Its launch coincides with the forthcoming FedNow service in 2023, expected to increase the volume of real-time transactions from 1.8 billion in 2021 to 8.9 billion by 2026, representing a CAGR of 37%.
ACI Worldwide has partnered with Axerve to integrate ACI Secure eCommerce into Axerve’s Payment Orchestra™, enhancing payment orchestration and fraud prevention for eCommerce merchants. This collaboration aims to improve cart conversion rates and revenue, with increased acceptance of payments and security features. With over 59 million eCommerce consumers in the U.K. projected to rise by 6% by 2025, the partnership is timely. Key benefits for merchants include access to diverse payment methods, real-time fraud management, and streamlined financial oversight.
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