ACI Worldwide Acquires Leading Global eCommerce Payments Solutions Provider, PAY.ON
With PAY.ON, ACI bolsters end-to-end eCommerce payments capabilities, delivering the most complete omni-channel payments experience
PAY.ON's advanced SaaS-based eCommerce gateway solution complements and strengthens ACI's UP Retailer Payments offering, positioning ACI as a highly differentiated omni-channel payments leader. The combined ACI/PAY.ON solution provides merchants and PSPs the ability to deliver a seamless omni-channel customer payment experience in any retailer modality - in store, mobile, online - with both on premise and SaaS delivery options.
The global eCommerce market is growing rapidly, with global eCommerce volume expected to grow at a 17 percent CAGR through 2019. In addition, as the global eCommerce market continues its rapid ascent, the need for cross-border eCommerce payments is a particularly fast growing sector. With business and consumer demands continuing to globalize, cross-border eCommerce volume is expected to grow at an 18 percent CAGR over the same period.
"PAY.ON brings world-class eCommerce payment and Card Not Present (CNP)
capabilities to ACI. Its SaaS-based business model, coupled with its
strength in alternative payments and cross-border capabilities, allow us
to expand our eCommerce platform broadly into new geographic regions,"
"We're excited to become part of the ACI team, and are pleased that our
eCommerce gateway technology will play a strategic role in fulfilling
ACI's Universal Payments vision of enabling a complete set of end-to-end
payment services," said
ACI's Universal Payments (UP) portfolio of solutions orchestrates all aspects of payment processing for any payment type, any channel, any currency and any network.
PAY.ON is expected to have minimal impact to revenues and earnings for the remainder of fiscal 2015. ACI plans to use the existing credit facility to finance the transaction. Accompanying third quarter 2015 earnings materials and conference call information can be found at http://investor.aciworldwide.com/.
PAY.ON delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution. The core payment gateway provides cross-border payment processing, PCI-compliant merchant boarding, and access to more than 300 domestic and international acquirers and alternative payment methods. Modular solutions are configured to specific business cases, with additional fraud prevention tools, monitoring and reporting, and business services. PAY.ON enables payment providers to rapidly increase international revenues, reduce costs and risk, and accelerate market expansion.
Headquartered in Munich, PAY.ON also has offices in
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Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI's sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as "believes," "will," "expects," "anticipates," "intends," and words and phrases of similar impact. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this press release include, but are not limited to, statements regarding: (i) expectations that ACI will be positioned as a highly differentiated omni-channel payments leader; (ii) expectations that PAY.ON will allow ACI to expand our eCommerce capabilities broadly; (iii) expectations that PAY.ON further solidifies our position as a leading omni-channel payment provider; and (iv) expectations that PAY.ON will have minimal impact to revenue and earnings for the remainder of fiscal 2015.
All of the foregoing forward-looking statements are expressly qualified
by the risk factors discussed in our filings with the
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