ACI Worldwide Sees Proof of Financial Industrys Commitment to Online Banking and Consolidation
(New York, N.Y. – 6 April 2009) – ACI Worldwide, Inc. (Nasdaq: ACIW), leading international provider of electronic payments software and solutions, today announced the ongoing success of its award-winning online banking solution, ACI Enterprise Banker™, demonstrating the commitment of the financial services industry to invest in technology that can deliver significant benefits for customers, despite the ongoing market turmoil. Banks can build significant business cases that benefit themselves and their clients around online product consolidation, new cross-sell opportunity, and small business market penetration.
As a result, ACI has seen significant interest from existing North American customers with more than 70 investing in additional capacity, or migrating to the latest version, Enterprise Banker 7.4, which was announced in 2008. Version 7.4 provides additional functionality to support product consolidation, including enhanced integration capabilities to support streamlined implementations with portals and third party applications. To date, more than 52 banks have committed to version 7.4 of Enterprise Banker and 41 customers have already implemented the new release. In the past year, the company has publicly announced five new customers for Enterprise Banker – Citizens Business Bank, Sumitomo Mitsui Banking Corporation, Societe Generale, Empire National Bank and Sterling Savings Bank. Two additional U.S. regional banks have licensed Enterprise Banker in the past six months.
Enterprise Banker enables these institutions to consolidate their online banking into a single, integrated product that can be tailored to the unique needs of customer segments. It is a single configurable product serving consumers, small businesses, middle market and large commercial customers through sophisticated packaging options. The solution can be run in-house at the financial institution or through the ACI On Demand™ hosted services environment. End-user customers in the On Demand environment grew by more than 25 percent in 2008 and individual users were up more than 20 percent.
Ron Totaro, chief operating officer at ACI Worldwide said, “Financial institutions are under a lot of pressure at the moment. Any investments they make needs to deliver demonstrable benefits – and this is something they get from Enterprise Banker. It integrates with other systems the financial institution is running and enables them to offer their customers a single tool for online banking, trade finance and bill payment.”
ACI customers are able to accelerate the adoption of online banking through ACI Enterprise Banker for Enrollments, an automated web-based on-boarding engine which allow banks’ customers, branches and call centers to automatically enroll in online products and services. “Improving the onboarding process has taken on a new urgency as banks strive to capitalize on the flight to quality that is taking place among corporate clients,” said Susan Feinberg, Senior Research Director at TowerGroup. “Banks that are able to offer an accelerated and more efficient process for enrolling new customers will have a distinct advantage over their competitors in terms of growing market share.”
ACI customers are able to consolidate end-to-end payments processing with ACI solutions for online banking, fraud and risk management, and payment processing.
ACI provides more functionality as part of the Enterprise Banker product than any other vendor, with 15 product families, more than 90 modules, and more than 250 templates and applications. This gives financial institutions the flexibility to offer their customers the tools to meet their specific needs.
About ACI Worldwide, Inc.
ACI Worldwide is a leading provider of electronic payments software and services to major banks, retailers and processors around the world. The company enables online payment processing, online banking, fraud prevention and detection, and back-office services. ACI solutions provide market-leading levels of reliability, manageability and scale, to more than 800 customers in 88 countries. Visit ACI Worldwide at www.aciworldwide.com.Contact details
For more information contact:
Alynn W. Atherton
ACI Worldwide
+1.508.424.5375
alynn.atherton@aciworldwide.com
