Press Release

As adoption of digital payments accelerates in Indonesia, ACI’s UP Retail Payments solution empowers ALTO to capture growing market opportunity

NAPLES, Fla. & JAKARTA, Indonesia--(BUSINESS WIRE)--Apr. 25, 2019-- ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that ALTO, a leading interbank switch in Indonesia, is expanding its payments capabilities with the next generation of ACI’s UP Retail Payments solution.

ALTO selected ACI as its strategic payments technology partner to address new regulatory requirements, capture growth in alternative payments and respond to future developments of the national payment gateway within the Indonesian market. ALTO currently provides digital payment services to banks, payment gateways, billers, corporates and merchants, utilizing the latest technologies. The implementation of ACI’s UP Retail Payments solution demonstrates ALTO’s approach to partnering with an established global player, enabling a strong foundation for faster development and the addition of new payment endpoints in a market that is expected to register double-digit growth in digital commerce over the next five years.

ALTO will initially use ACI’s UP Retail Payments for card-based transaction switching, followed by expansion to address non-card-based transactions including a range of alternative payment methods and merchant acquiring. ACI’s market-leading solution also opens up opportunities for ALTO to develop partnerships with new market entrants, increase interoperability with a wide range of financial institutions and intermediaries, and enable payments innovation that will benefit ALTO’s member banks and their customers.

“As the Indonesian payments ecosystem rapidly digitizes, reacting quickly to market changes and developing new payments capabilities is paramount. The ability to tap into the full ACI Universal Payments portfolio was a key factor in selecting ACI, as we embark on our transformation journey with a view towards the emergence of a stronger Indonesian payment system, as well as cross-border payment flows across the ASEAN community and the rest of the Asian countries,” said Armand Widjaja, CEO, ALTO. “In addition, non-functional requirements such as platform stability and scalability were key priorities for our IT operations – an area where ACI has a strong track record.”

“Alternative payment methods, including those emerging to address growth in mobile and eCommerce, are evolving quickly across Asia – and Indonesia is one of the highest-growth regions with a booming digital commerce marketplace,” said Leslie Choo, managing director – Asia, ACI Worldwide. “Any company that wants to succeed and become a dominant player in this market needs to be proactive and anticipate future trends. ALTO is strongly positioned to do just this, and to play a pivotal role in Indonesia’s emerging new payments ecosystem.”

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, ACI Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo, ReD, PAY.ON 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190424005374/en/

Source: ACI Worldwide

Media Contacts:

ACI Worldwide

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

Christopher Taine
Email: christopher.taine@aciworldwide.com
Phone: +49 (0) 89 45230 557