Partnership enables Shaw to better service auto finance clients with
ACI's enhanced bill payment offerings
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, today announced a strategic
partnership with Shaw Systems Associates, Inc., one of North America's
largest financial technology companies. The partnership will enable
Shaw's clients to facilitate loan payments for their millions of
consumer customers.
With the partnership, Shaw's clients will gain access to ACI's
integrated Electronic Bill Presentment and Payment (EBPP) Services,
which offer the broadest options for delivering electronic bills and
receiving electronic bill payments, resulting in significant cost
savings for Shaw's lenders and considerable convenience for their
customers. ACI's electronic
bill payment services deliver choice of payment types (one-time,
recurring, fee-based), channels (web, mobile, IVR or call center) and
funding options (ACH or credit, debit or prepaid) to meet the needs of
every consumer segment.
"Our corporate mission is to provide our clients with the best financial
products and services so that they can deliver optimal experiences to
their end customers," said Cyndy Stone, Chief Operating Officer, Shaw
Systems. "We are very enthusiastic about partnering with ACI, a proven
leader with a great track record in bill pay. By integrating their
robust bill payment technology into ours, we can now deliver a value
proposition unmatched in our industry—the most seamless and
cost-effective bill pay offering, right out of the box."
"Shaw is an industry leader in the financial services sector that is
particularly strong in auto finance, a key growth market for ACI," said
Eric Labiak, senior vice president, ACI Worldwide. "We look forward to
working together to provide current and future joint customers with the
most comprehensive bill pay offering. In addition to sharing similar
values, our complimentary technology will further drive consumer
satisfaction and increase efficiency, ultimately enabling clients to
achieve greater economies of scale.
Electronic Bill Presentment and Payment (EBPP) Services are part of
ACI's UP Bill
Payment solution. ACI's Universal Payments (UP) portfolio of
solutions orchestrates all aspects of payments processing for any
payment type, any channel, any currency and any network.
About Shaw Systems Associates, Inc.
Shaw Systems Associates
is a financial technology company specializing in loan and lease
servicing, collections and recovery management software. The company's
enterprise solutions process millions of accounts daily and support more
than $300 billion in assets for clients ranging in size from the world's
largest financial institutions to the local community bank. Since 1967,
Shaw has had a singular focus on credit management software, enabling
the company to devote all of its innovation and expertise to providing a
customized, cost-effective solution delivered in a commercial off the
shelf package. Visit www.shawsystems.com to
learn more.
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 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.
Media Contact:
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide
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