ACI drives broader industry acceptance of paying loans via debit card
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, announced today that
Lendmark Financial Services has selected its UP Bill
Payment Solution to increase consumer convenience and reduce payment
processing costs, as more of its customers use debit cards to make
payments.
"When it comes to paying bills online, consumers love their debit card.
Data from the 2015 ConsumerMonitor Survey Series shows three times as
many consumers prefer to pay with debit cards over ACH," said Sarah
Grotta, director, Debit Advisory Service, Mercator Advisory Group.
Covington, GA-based Lendmark Financial Services is a rapidly growing
company with more than 189 branch locations across 13 states. It offers
personal loans, automobile loans, debt consolidation loans and merchant
retail sales financing services. In order to best serve its expanding
customer base, company executives have worked to increase the ways in
which payments can be made; this is why they've selected ACI's
comprehensive and integrated electronic
bill payment solution, which provides loan servicing simplicity and
the ability to make debit card payments.
"Providing our customers with choices is a key component of our growth
objectives, which is why we've added debit cards to extend
customer-friendly payment options beyond ACH," said Mark Lawrence, CIO,
Lendmark Financial Services. "With the help of ACI, our customers no
longer need their checkbooks to pay; now they can experience the ease of
paying with a debit card from their mobile device, computer or by a
toll-free call."
"The option to pay with ACH no longer satisfies many of today's
consumers, as evidenced by the top 5 lenders in the U.S. all accepting
debit cards, the country's most popular payment type," said Mike Braatz,
senior vice president, ACI Worldwide. "Because consumers now expect
additional choice, and more specifically, to pay with a card, we're
helping finance companies to successfully meet these expectations."
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 company, powers electronic payments and banking for more
than 5,600 financial institutions, retailers, billers and processors
around the world. ACI software processes $13 trillion each day in
payments and securities transactions for more than 300 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. 2015.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150908005102/en/
Media Contact:
ACI Worldwide, Inc.
Dan Ring,
781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide, Inc.
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