NAPLES, Fla. and DENVER--(BUSINESS WIRE)--Mar. 27, 2019--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, and The Western Union
Company (NYSE: WU), a global leader in cross-border, cross-currency
money movement, today announced that the Federal Trade Commission has
granted early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to
ACI’s previously announced acquisition of Speedpay, Western Union’s
United States bill pay business. This satisfies one of the closing
conditions. The transaction is expected to close as early as possible in
the second quarter of 2019, subject to the satisfaction or waiver of
other customary closing conditions.
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More than
1,000 of the largest financial institutions and intermediaries, as well
as thousands of global merchants, rely on ACI to execute $14 trillion
each day in payments and securities. In addition, myriad organizations
utilize our electronic bill presentment and payment services. Through
our comprehensive suite of software solutions delivered on customers’
premises or through ACI’s private cloud, we provide real-time, immediate
payments capabilities and enable the industry’s most complete
omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
About Western Union
The Western Union Company is a global leader in cross-border,
cross-currency money movement. Our omnichannel platform connects the
digital and physical worlds and makes it possible for consumers and
businesses to send and receive money and make payments with speed, ease,
and reliability. As of December 31, 2018, our network included over
550,000 retail agent locations offering Western Union, Vigo or Orlandi
Valuta branded services in more than 200 countries and territories, with
the capability to send money to billions of accounts. Additionally,
westernunion.com, our fastest growing channel in 2018, is available in
more than 60 countries, plus additional territories, to move money
around the world. In 2018, we moved over $300 billion in principal in
nearly 130 currencies and processed 34 transactions every second across
all our services. With our global reach, Western Union moves money for
better, connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit www.westernunion.com.
Forward-Looking Statements
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. The foregoing forward-looking statements are
expressly qualified by the risk factors discussed in the companies’ SEC
filings. For a detailed discussion of these risk factors, parties that
are relying on the forward-looking statements should review ACI’s or
Western Union’s filings, including their most recently filed Annual
Reports on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190327005290/en/
Source: ACI Worldwide
ACI Media Relations:
Dan Ring
+1 (781) 370-3600
dan.ring@aciworldwide.com
ACI
Investor Relations:
John Kraft
+1 (239) 403-4627
John.kraft@aciworldwide.com
Western
Union Media Relations:
Claire Treacy
+1 (720) 332-0652
claire.treacy@westernunion.com
Western
Union Investor Relations:
Mike Salop
+1(720) 332-8276
mike.salop@westernunion.com
