Absa Live on BASE24 eps from ACI Worldwide
(New York, N.Y. – 16 July 2009) – ACI Worldwide, Inc. (NASDAQ: ACIW), leading international provider of electronic payments software and solutions, today announced that Absa, a member of the Barclays Group, has gone live on BASE24-eps™, and has already seen a return on investment . BASE24-eps is ACI’s market-leading software for online payments processing.
Absa's BASE24® system processes transactions from 48,000 POS devices and nearly 7,000 ATMs - managing more than 836 million transactions in 2008. To date, Absa has successfully migrated issuer processing for around half of its card base onto BASE24-eps, and plans to roll out acquirer functionality in a later phase. With the implementation of BASE24-eps, the number of modifications required was significantly reduced making the system easier to manage and maintain.
Tertius Haak, General Manager – Service Delivery at Absa said, “Absa believes that the right investments in technology can deliver real benefits to the bank and, in turn, our customers and shareholders. Having used BASE24 for many years, it was an easy decision for us to migrate to BASE24-eps, which has a more modern architecture. With guidance from ACI, our team was able to learn the languages and structure, and carried out the migration project with ease. The flexibility of the scripting engine has already been demonstrated in this project.”
Louis Blatt, chief product officer at ACI Worldwide said, “Absa is a very innovative bank that invests in the right systems to enable it to respond to changing market and customer demands. The bank has been a customer of ACI since 1995, and we are delighted that we have helped with a smooth transition from BASE24 to BASE24-eps. The agility of the new product will enable the bank to roll out new payment channels and products more quickly and effectively.”
BASE24-eps builds on the availability, scalability and reliability of BASE24. It provides added agility using open systems technology to deliver an enterprise service for all retail banking payments. It is a multi-platform solution that can acquire transactions across many different channels, manage electronic payment devices, and perform high-volume switching, routing and authorization services.
BASE24-eps is now live at 40 organisations around the world, processing the highest transaction volumes and enabling major financial institutions, processors and retailers to process their electronic payment transactions.
About Absa
Absa Group Limited is one of South Africa's largest financial services organisations, serving personal, commercial and corporate customers in South Africa.
The Group interacts with its customers through a combination of physical and electronic channels, offering a comprehensive range of banking services, (from basic products and services for the low-income personal market to customised solutions for the commercial and corporate markets), bancassurance and wealth management products and services.
About ACI Worldwide, Inc.
ACI Worldwide is a leading provider of electronic payments software and services to major banks, retailers and processors around the world. The company enables online payment processing, online banking, fraud prevention and detection, and back-office services. ACI solutions provide market-leading levels of reliability, manageability and scale, to more than 800 customers in 90 countries. Visit ACI Worldwide at www.aciworldwide.com.
Contact details
For more information contact:
Catherine Eyres
ACI Worldwide
+44 (0) 1923 812741
Catherine.Eyres@aciworldwide.com
