ACI enables Ecentric, South Africa's leading payments processor,
to better serve its customers' PCI compliance needs
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment and banking systems, today announced that Ecentric
Payment Systems, South Africa's leading payments processor, is utilizing
ACI's Point
to Point Encryption (P2PE) solution to provide a more secure path
for consumer transactions initiated at many of the largest retailers in
Africa.
P2PE
is an emerging encryption technique in the payments industry that
protects sensitive cardholder data in transit—as it is transmitted
from a merchant's store to its acquiring bank. Ecentric processes nearly
400 million transactions per year for retailers, and as more African
markets develop and mature and South African retailers expand into other
countries across the Continent, this number is quickly increasing. A
long-standing ACI customer, Ecentric has broadened this relationship and
is relying on ACI's P2PE solution to protect sensitive cardholder data
across its customer base.
"As payment technology advances across Africa, we are seeing tremendous
growth opportunities for retailers, resulting in greater choice for
consumers. But this growth also presents significant challenges—from
protecting cardholder data to reducing the scope and expense of PCI
compliance for merchants and related service providers," said Mike
Scott, Managing Director, Ecentric. "We have a long-standing
relationship with ACI and the company's proven P2PE offerings are at the
foundation of our data protection strategy."
"Protecting cardholder data is paramount to retailers and compromises
can result in devastating and immediate losses in terms of both business
and trust," said Paul Thomalla, Senior Vice President and General
Manager, EMEA, ACI Worldwide. "With such high stakes, retailers and
processors from around the world are realizing the importance of secure
and turnkey point to point encryption and are turning to us to secure
this sensitive data from the point of origin."
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.
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide
News Provided by Acquire Media
