Agricultural Bank of China Selects ACI Worldwide to Power its Payment Processing and Anti-Money Laundering Systems for U.S. Launch
NAPLES, FLA.—July 30, 2012— ACI Worldwide (NASDAQ: ACIW), a leading international provider of payments systems, shared details today of an agreement first reached earlier this year, with the Agricultural Bank of China (ABC), the third largest bank by total assets in the People’s Republic of China, to implement ACI Money Transfer System™ and ACI Proactive Risk Manager™ as its wholesale payment processing and anti-money laundering (AML) solution to facilitate its expansion into the U.S. market.
“ACI provides us with a complete and readily implemented solution for fully automated payment processing and fraud protection as we enter the U.S. market,” said Wei He, Vice President, Operation Department, Agricultural Bank of China.
“The Agricultural Bank of China is one of the most dynamic, growing players in the banking industry and we are proud to be playing such a key role in its expansion in the United States,” said Ralph Dangelmaier, President, Global Markets and Services, ACI Worldwide. “I look forward to a long and mutually beneficial relationship between ACI and the Agricultural Bank of China.”
Money Transfer System helps advanced payment management, execution and streamlined banking operations. It is a single source solution which facilitates efficient processing within a highly configurable work flow. Money Transfer System allows global processing needs to be centralized in a single location or distributed via a configurable network. In addition, the Enterprise Sanctions Filter of the solution provides a set of services which position banks to maintain continuous regulatory compliance.
Proactive Risk Manager is a comprehensive financial crime management solution to help card issuers, merchants, acquirers and financial institutions combat fraud and money-laundering schemes. It monitors cross-channel fraud, swiftly spots fraud trends and is able to protect against varying fraud types while also minimizing risk.
© Copyright ACI Worldwide, Inc. 2012.
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.
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 1,650 financial institutions, retailers and processors around the world. ACI software enables $12 trillion in payments each day, processing transactions for 14 of the leading global retailers, and 24 of the world’s 25 largest banks. Through our integrated suite of software products and hosted services, we deliver a broad range of solutions for payments processing, card and merchant management, online banking, mobile, branch and voice banking, fraud detection, and trade finance. To learn more about ACI and the reasons why our solutions are trusted globally, please visit www.aciworldwide.com . You can also find us on www.paymentsinsights.com or on Twitter @ACI_Worldwide.
Contact details
ACI Worldwide
Rick Sheehy
Public Relations Manager
P: +1-781-370-3643
E-mail: richard.sheehy@aciworldwide.com
