Press Release

ACI launches new capabilities for merchants—a trusted and secure payments environment designed for in-store digital convergence

NAPLES, Fla.--(BUSINESS WIRE)--Feb. 11, 2019-- ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced new cloud-based, omni-channel in-store payments capabilities within its UP Merchant Payments solution. ACI’s award-winning UP Merchant Payments now delivers greater control, flexibility and security for merchants as they move more services to the cloud.

The broadened UP Merchant Payments solution is the result of ACI’s acquisition of technology assets from providers RevChip and TranSend, a team of expert developers focused on next-generation terminal payment applications and management platforms. These new capabilities accelerate ACI’s vision of delivering merchants a next-generation, mobile-first digital payment experience in-store.

True omni-channel payments require strong integration between point-of-sale (POS) applications, payments software and payment terminals. ACI’s UP Merchant Payments solution now makes it even easier to integrate these critical systems, enabling a secure, frictionless consumer experience while reducing IT footprint and complexity in the store.

“The move to the cloud provides merchants with challenges as well as opportunities. In order to reap those opportunities, merchants require a technology platform that delivers agnostic control, scalability and security as well as integrated payments and fraud capabilities,” said Sanjay Gupta, executive vice president, ACI Worldwide. “The powerful technology assets we are announcing today allow ACI to deliver merchants an unmatched next-generation in-store digital payment experience. We are excited to welcome the RevChip and TranSend teams, who we already enjoy a successful partnership with, into the ACI family to drive further success.”

The financial details of the RevChip and TranSend asset acquisition were not disclosed; the acquisition is not expected to be financially material to ACI in 2019.

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.

© Copyright ACI Worldwide, Inc. 2019
ACI, ACI Worldwide, the ACI logo, ACI Universal Payments, UP, the UP logo and all ACI product/solution 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.

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Source: ACI Worldwide

Dan Ring
Email: dan.ring@aciworldwide.com
Phone: +1 (781) 370-3600