ACI Worldwide's UP Bill Payment Solution helps leading auto lender
comply with complex payment industry rules and regulations
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, announced today that Automobile
Acceptance Corporation (AAC) has deployed the ACI
UP Bill Payment Solution to grow revenue while ensuring compliance.
Since launching operations in 1989, AAC has financed more than $2.0
billion in installment sales contracts for more than 175,000 consumers.
AAC selected ACI to engage customers with a wide variety of payment
options that raises satisfaction and encourages them to do more business
with AAC. With the UP Bill Payment Solution, AAC customers can now make
one-time and recurring debit card and automated clearing house (ACH)
payments via mobile, web, Interactive voice response (IVR) and call
center channels.
"When it comes to paying auto loans with debit cards, payment industry
rules and government regulations can be complex—ACI enables us to
simplify the process," said Bo Culver, CEO, Automobile Acceptance
Corporation. "We also benefit from ACI's experience helping many other
auto finance companies navigate and comply with quickly-changing laws,
regulations and rules to better serve our customers' payment needs
through a variety of channels."
"With an increasing number of regulators and changing consumer
expectations, auto finance companies face a new set of challenges in
their battle to grow revenue," said Mike Braatz, senior vice president,
ACI Worldwide. "We are pleased to provide AAC with our unique bill
payment solution and industry expertise that helps ensure compliance and
engage consumers to grow their business with AAC."
Electronic Bill Presentment and Payment (EBPP) Services are part of
ACI's UP Bill
Payment solution. ACI's Universal
Payments (UP) portfolio of solutions orchestrates all aspects of
payments processing for any payment type, any channel, any currency and
any network.
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic payments for more than
5,000 organizations around the world. More than 1,000 of the largest
financial institutions and enablers as well as 300 of the leading global
retailers rely on ACI to execute $14 trillion each day in payments.
In addition, thousands of organizations utilize our electronic bill
presentment and payment services. Through our comprehensive suite of
software and SaaS-based solutions, we deliver real-time, any-to-any
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. 2016.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160202005036/en/
ACI Worldwide, Inc.
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
or
Andrea
Snyder, 781-370-3600
andrea.snyder@aciworldwide.com
Source: ACI Worldwide, Inc.
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