NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, and STS PayOne, a leading
regional provider of ePayment solutions and services in Middle East and
Africa, have announced a high-value, integrated solution that combines
the market-leading ACI ReD Shield® fraud
prevention solution with the ePayment Gateway services offered by
STS PayOne.
The joint offering will enable merchants and acquirers to reduce the
risks related to electronic payments. It will do so by implementing
multiple smart techniques to identify and prevent payment fraud in
real-time, providing businesses with an enhanced level of protection
against fraud losses and chargebacks.
The flexible and comprehensive nature of the solution will support
eCommerce revenue growth and strengthen customer relationships for STS
PayOne's merchant customers by accurately identifying legitimate
transactions and reducing false positives.
Commenting on the partnership, Mr. Janti Abdallah, STS PayOne General
Manager, said: "We strive to offer the best ePayment solutions to our
clients, which includes providing the highest levels of security and
fraud prevention. We were among the first to adopt and promote 3D Secure
in the region, in addition to PKI and SSL encryption, not to mention
achieving PCI-DSS compliance. The partnership with ACI Worldwide is in
line with this eagerness to adopt best practices in fraud prevention and
sustain our distinction and innovation."
Mr. Abdallah concluded: "We are seeing the need for smarter security
measures and fraud prevention techniques in ePayments in the region,
especially in the aviation, telecommunication and online retailing
sectors. The integration of ACI ReD Shield into the STS PayOne payment
gateway platform enhances our competitive advantage. The rich features
of our joint solution, coupled with quality of service and cost
efficiency, allow us to attract more clients in these target sectors."
Manish Patel, General Manager, Middle East and Africa, ACI Worldwide,
commented: "Through this partnership with STS PayOne, we can jointly
deliver a robust integrated payments and fraud solution that will
support the growth ambitions of merchants across the Middle East and
Africa. This region is quickly moving toward becoming a cashless
society, as the popularity of card and online payments increases.
However, the growing eCommerce market also has to contend with a
shortage of advanced fraud prevention technology and with varying levels
of payment security between countries and across different payment
methods. ACI is well positioned to deliver a rich portfolio of services
that support merchants looking for payments innovation both in-store and
online, coupled with the highest standards of security."
About ACI Worldwide
ACI Worldwide, the Universal
Payments company, powers electronic payments and banking for more
than 5,000 financial institutions, retailers, billers and processors
around the world. ACI software processes $13 trillion each day in
payments and securities transactions for more than 300 of the leading global
retailers, and 21 of the world's 25 largest banks. Through our
comprehensive suite of software products and hosted services, we deliver
a broad range of solutions for payment processing; card and merchant
management; online
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
About STS PayOne
STS PayOne is a leading processor and provider of ePayment solutions.
Headquartered in UAE and Jordan, the company serves clients spanning
various industries in MEA region (Banking, Oil & Gas, Government,
Telecommunications and Wholesaling/ Retail). Utilizing its in-house
developed technology, STS PayOne delivers mission critical, PCI
compliant enterprise-scale solutions that are processing tens of
millions of transactions per year (24/7). Over the years, the company's
pride has always resided in its unparalleled ability to deliver
customized solutions to its clients, coupled with excellent support
services. For more information, visit www.stspayone.com.
© Copyright ACI Worldwide, Inc. 2015.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
parties' trademarks referenced are the property of their respective
owners.
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.
Media Contact:
ACI Worldwide, Inc.
Dan Ring,
781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide, Inc.
News Provided by Acquire Media
