India’s Largest Bank Modernizes its Payment Switching System with ACI Worldwide Technology
Sep08

India’s Largest Bank Modernizes its Payment Switching System with ACI Worldwide Technology

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, has modernized payments infrastructure for ATM and point-of-sale (POS) at State Bank of India (SBI), the country’s largest bank with more than 440 million account holders. SBI is India’s largest public sector bank, with a network of more than 22,000 branches spread across the country, as well as a presence in 32 countries around the world....

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ACI Worldwide and EBANX Drive Local Credit Card Usage and Alternative Payment Methods for Global eCommerce Businesses in Latin America
Aug27

ACI Worldwide and EBANX Drive Local Credit Card Usage and Alternative Payment Methods for Global eCommerce Businesses in Latin America

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, today announced a partnership with EBANX, a provider of payment and financial solutions for global organizations expanding in Latin America. With the ACI Secure eCommerce solution, EBANX will initially offer local credit card payments, installments and alternative payment methods for the Latin American market. This collaboration will enable...

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eCommerce Transactions Remain High During Pandemic
Aug13

eCommerce Transactions Remain High During Pandemic

Global eCommerce transactions increased by 19 percent in July 2020 compared to July 2019, according to analysis by ACI Worldwide of hundreds of millions of eCommerce transactions from global merchants. The data also showed that sales of outdoor items saw the highest year-over-year (YoY) increase from nine percent in 2019 to 12 percent in 2020. Fraud continues to increase as criminals take advantage of card-not-present methods of...

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One in Three UK Consumers in Favor of Increasing Contactless Spending Limit
Aug10

One in Three UK Consumers in Favor of Increasing Contactless Spending Limit

One in three UK consumers (32 percent) would like to see a further increase of the current £45 contactless spending limit, according to a YouGov survey of more than 2,000 UK consumers commissioned by ACI Worldwide, a leading global provider of real-time digital payments software and solutions. Among those in favor of an increase, 40 percent say they want the limit to increase to £100. The UK spending limit for contactless payments had...

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Emerging Payments Awards 2020 Finalists Announced!
Aug04

Emerging Payments Awards 2020 Finalists Announced!

The Emerging Payments Awards celebrate innovation, collaboration and emerging payments by recognising companies that have made significant advances in how we pay today. With a 50% increase in submissions for this year’s Awards, entrants demonstrated examples of high-quality and innovative payment solutions, and selecting the finalists was a challenge indeed with so many deserving entrants. Today at Pay360 Conference, the EPA...

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ACI Worldwide Drives Payments Transformation for South Africa’s Altech Card Solutions
Aug04

ACI Worldwide Drives Payments Transformation for South Africa’s Altech Card Solutions

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Altech Card Solutions (ACS), a division of Altron, one of South Africa’s leading technology companies, is utilizing ACI’s UP Retail Payments to better serve its large multi-national retail customers in South Africa and across the African continent. UP Retail Payments is a sophisticated enterprise payment solution for...

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ACI Worldwide and Arvato Financial Solutions Partner to Combat eCommerce Fraud
Jul28

ACI Worldwide and Arvato Financial Solutions Partner to Combat eCommerce Fraud

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced a strategic partnership with Arvato Financial Solutions to combat the rising levels of eCommerce fraud during the Covid-19 crisis. As part of the collaboration, ACI is offering Arvato Financial Solutions’ best-in-class Manual Order Review service to all its merchant fraud customers globally. The solution enables merchants...

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ACI Worldwide and Three UK Partner to Combat eCommerce Payments Fraud
Jul22

ACI Worldwide and Three UK Partner to Combat eCommerce Payments Fraud

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced it is extending its partnership with Three UK to combat eCommerce fraud, which has increased during the Covid-19 pandemic. The telco leader will enhance its online fraud management and prevention efforts by leveraging ACI’s award-winning fraud management offering ReD Shield, part of ACI’s UP Payments Risk...

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ACI Worldwide Accelerates Real-Time Payments Modernization with New Digital Overlay Services
Jul16

ACI Worldwide Accelerates Real-Time Payments Modernization with New Digital Overlay Services

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced it is accelerating real-time payments modernization for its customers globally through new digital overlay services. ACI, through collaboration with Mindgate Solutions, now delivers value-added digital overlay services through its UP Real-Time Payments solution, enhancing customer experience while strengthening real-time...

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ACI Worldwide to Deliver Fraud Prevention in the Cloud to All Customers Globally
Jul15

ACI Worldwide to Deliver Fraud Prevention in the Cloud to All Customers Globally

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that ACI Proactive Risk Manager and ACI Model Generator, part of ACI’s Payments Risk Management solution, can now be deployed in a private or public cloud environment by all existing customers globally. The move comes in response to the changing fraud landscape, which has further accelerated during the current Covid-19...

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Fintech Finance presents: Building a Bank for the Future in Association with Banking Circle
Jul15

Fintech Finance presents: Building a Bank for the Future in Association with Banking Circle

In this super-special supplement, we are very proud to present: Building a Bank for the Future in Association with Banking Circle “If anybody in a bank is telling you they know what the bank’s going to look like in five or 10 years and can guarantee their market, then I think they may be in for a shock” Elliott Limb of Mambu We take a deep dive into all how to build a bank, not for a predicted future, but a bank that...

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UK eCommerce Sales Rise 20 Percent in June – Largest Increase Since Start of COVID-19 Lockdown Restrictions
Jul14

UK eCommerce Sales Rise 20 Percent in June – Largest Increase Since Start of COVID-19 Lockdown Restrictions

The UK saw a steep jump in eCommerce sales in June 2020 — up 20 percent compared to June last year, the largest increase since the beginning of the Covid-19 lockdown restrictions, according to an analysis of hundreds of millions of transactions by global payments software company ACI Worldwide. In May UK online sales had increased six percent compared to the same period in 2019. Consumer purchases were driven by DIY and homeware...

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Exclusive: ‘Moving on… and up’ – Ciaran Chu, ACI Worldwide in “The Fintech Magazine”
Jul07

Exclusive: ‘Moving on… and up’ – Ciaran Chu, ACI Worldwide in “The Fintech Magazine”

The pandemic has prompted banks and payment intermediaries to scrutinise operations as many accelerate planned transitions to a Cloud environment. Here, Ciaran Chu, Head of Public Cloud at ACI Worldwide, talks through some of the key considerations. The COVID-19 pandemic has catalysed a behavioural shift towards contactless, digital and wallet payments as users avoid going out to ATMs and bricks and mortar bank branches. Recent data...

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Banco Safra Launches in the U.S. with ACI Worldwide’s Cloud-Enabled Payments Solutions
Jun17

Banco Safra Launches in the U.S. with ACI Worldwide’s Cloud-Enabled Payments Solutions

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Banco Safra, the world’s largest privately-owned bank, will utilize ACI’s UP Retail Payments solution and UP Framework deployed in the public cloud via Microsoft Azure. Banco Safra will benefit from ACI’s cloud-enabled solutions and API connectivity as it expands its operations into the U.S. market with a new acquiring...

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The Fintech Magazine Issue 16
Jun12

The Fintech Magazine Issue 16

In this of The Fintech Magazine, with Covid-19 putting a spotlight on the point of sale, we look at Regtech & SCA with G+D, Trulioo and Aptitude, and what it means for the future of payments. Neobanks galore! We catch up with exclusive interviews the CEO’s of the current and next wave of challengers to take on the world of financial services, including banks from five continents – Bunq, Rizq, free2, Mox, KudaBank, 220,...

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Federal Bank of India Combats Card and Merchant Fraud with ACI Worldwide’s  UP Payments Risk Management Solution
Jun11

Federal Bank of India Combats Card and Merchant Fraud with ACI Worldwide’s UP Payments Risk Management Solution

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that India’s Federal Bank is leveraging its UP Payments Risk Management solution to identify fraudulent card activity, mitigate losses and enhance customer relationships. Through ACI’s solution, the bank can enhance fraud detection capabilities with insights into real-time status of card transactions based on pre-defined...

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Conductor, Leading Brazilian Card Processor, Enters Latin America Acquire Processing with ACI’s Cloud-Enabled Solutions Powered by Microsoft Azure
Jun01

Conductor, Leading Brazilian Card Processor, Enters Latin America Acquire Processing with ACI’s Cloud-Enabled Solutions Powered by Microsoft Azure

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Conductor, a leading Brazilian-based card processor, is spearheading its entrance into the Latin American acquire processing market using ACI’s UP Retail Payments and UP Payments Risk Management solutions, which it will deploy in the public cloud powered by Microsoft Azure. Conductor, which has served financial...

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ACI Worldwide Expands Benefits of Real-Time Payments to Any Digital Channel for Consumers, Merchants and Billers
May27

ACI Worldwide Expands Benefits of Real-Time Payments to Any Digital Channel for Consumers, Merchants and Billers

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced the launch of a series of new capabilities in its UP Immediate Payments solution. To address the increased demand for new real-time and digital payments during and beyond the pandemic, UP Immediate Payments now offers extended API capabilities for simple integration into any digital channel—including internet banking, mobile...

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FF Virtual Arena: Payments as a Service
May27

FF Virtual Arena: Payments as a Service

In todays Virtual Arena, live at 14:30 BST, our host Ali Paterson will be talking to the Fintech Finance regular Ciaran Chu, the man with his head in the cloud but his feet on the ground. If you want to see how the very nature of paying and being paid will be changing. Find out More...

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Nearly One of Three Consumers is Past Due on at Least One Bill—Due to COVID-19 Pandemic, New ACI Worldwide Research Reveals
May20

Nearly One of Three Consumers is Past Due on at Least One Bill—Due to COVID-19 Pandemic, New ACI Worldwide Research Reveals

Nearly one of three consumers (27%) is past due on at least one bill and nearly 50 percent will need up to a year to catch up on bills due to the COVID-19 pandemic, according to a new study from YouGov and ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions. The study of nearly 1,400 U.S. adults analyzes the financial impacts brought about by COVID-19 and includes regional and generational...

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Exclusive: ‘A silver lining?’ – Ciaran Chu, ACI Worldwide in “The Paytech Show”
May20

Exclusive: ‘A silver lining?’ – Ciaran Chu, ACI Worldwide in “The Paytech Show”

The COVID-19 pandemic has been grim and the impact on our lives – including our financial lives – profound. But when the storm has passed, banks could reflect on this moment to crystalise strategies that create more resilient systems, says Ciaran Chu, Head of Public Cloud for ACI Worldwide There’s no denying it, coronavirus has dramatically changed the way we shop – maybe forever. As entire populations isolate, people and...

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ACI Worldwide Teams with Wundr to Power Cross-Border Payments with Instant Settlement for Mid-Tier Retailers
May19

ACI Worldwide Teams with Wundr to Power Cross-Border Payments with Instant Settlement for Mid-Tier Retailers

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Wundr, a retail payments platform that fuses B2C digital payments and B2B business banking, will power its payments with ACI’s UP eCommerce Payments solution. ACI’s secure eCommerce technology, integrating digital payments with multi-layered fraud management capabilities, gives Wundr a foundational...

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Global eCommerce Retail Sales Up 209 Percent in April, ACI Worldwide Research Reveals
May12

Global eCommerce Retail Sales Up 209 Percent in April, ACI Worldwide Research Reveals

The COVID-19 crisis continued to drive global eCommerce sales in April, with the general retail sector experiencing 209 percent growth compared to the same period last year, according to an analysis by ACI Worldwide of hundreds of millions of eCommerce transactions from global online retailers. Following general retail, the gaming segment saw the biggest bump, up 126 percent in April. The sustained increase in eCommerce transaction...

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Exclusive: ‘Adapting to thrive’ – Lu Zurawski, ACI Worldwide in “The Paytech Magazine”
May01

Exclusive: ‘Adapting to thrive’ – Lu Zurawski, ACI Worldwide in “The Paytech Magazine”

With cashless and contactless becoming more important in the context of COVID-19, ACI Worldwide’s Lu Zurawski examines the evolving future of payments. When something of the magnitude of the COVID-19 outbreak sweeps the world, systems are forced to change, to adapt. Global crises, whether economic, military or biological, serve to expose society’s structural weak spots, which experts swiftly rally around to engineer future-proof...

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The Paytech Magazine Issue 05
Apr30

The Paytech Magazine Issue 05

Many of the interviews for this issue were conducted when the world was a very different place… not that long ago! But if you look at our spine-tingler on our printed edition, “Life is 10 percent what happens to us, and 90 percent how we react to it.” So with that, we at Fintech Finance are very pleased to present, The Paytech Magazine! Payments as an industry has reacted to Covid-19 with imagination and fortitude,...

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