ACI to help drive standards with leading European organization
focused on interoperability in electronic card payments
WATFORD, United Kingdom--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment and banking systems, today announced that it has become a
principal member of EPASOrg, a leading not-for-profit organization
focused on overcoming obstacles to interoperability in electronic card
payments.
The role of EPASOrg is to develop, promote and maintain card payment
standards across Europe, providing retailers with cost efficiencies and
enhanced innovation as they expand their footprints across the region.
EPASOrg promotes the introduction and acceptance of the EPAS protocols,
a series of common standards that ensure the interoperability between
card acceptance devices and acquiring systems, integrated retail
solutions and terminal management systems.
The EPAS standards were initially developed to address the requirements
of the SEPA zone, and are now being promoted and receiving interest
globally. ACI is committed to supporting the EPAS standards in its
market-leading Postilion and BASE24-eps products, which will benefit
retailers and merchant acquirers looking to support EPAS using ACI's
solutions.
"EPAS is set to play an important role as a replacement for national and
regional standards in the SEPA zone," said Gilles Bourron, Board
Director of EPASOrg and Head of Payments, Total. "It's good news, from a
merchant point of view to see ACI joining EPASOrg and committing to the
EPAS standards. This will be a great opportunity to increase the number
of retailers, processors and acquirers using EPAS protocols thanks to
ACI's proven solutions."
"As EPAS adoption increases across Europe, we are honored to have ACI
join EPASOrg," said Antonio Bracaglia, Chairman of the Board of
Directors, EPASOrg. "The company's strong regional presence, great team
and unmatched retail payments expertise will help strengthen the EPAS
standards."
Mitch Armstrong, Director of Solutions Consulting, EMEA, ACI Worldwide,
will serve as an EPASOrg Board Director. Additionally, ACI's retailer
and consumer
payments product management leaders will participate in the EPASOrg
working groups, helping to strengthen and promote the standards across
Continental Europe.
"We are excited to be part of EPASOrg and look forward to working
closely with the other EPASOrg members to help shape and strengthen the
EPAS standards," said Sylvie Boucheron-Saunier, General Manager,
Continental Europe, ACI Worldwide. "Numerous local standards and
increasing European regulations result in added costs and compliance
issues for retailers and acquirers, as well as slower growth. With EPAS,
these same retailers and acquirers can be more competitive and quickly
expand to additional European markets, expediting growth opportunities
and reducing compliance costs."
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 in payments and
securities transactions for more than 250 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.
© Copyright ACI Worldwide, Inc. 2014.
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.
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide
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