UnionPay International boosts card acceptance globally with ACI,
expanding its number of payment endpoints and accelerating the roll-out
of new payment services
NAPLES, Fla. & SHANGHAI--(BUSINESS WIRE)--Mar. 22, 2018--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, today announced a key
strategic partnership with Shanghai-based bank card company UnionPay
International. UnionPay International is set to significantly grow its
worldwide footprint by connecting to ACI’s extensive global network of
payment endpoints. Additionally, ACI provides UnionPay International
with a next-generation foundational platform through which a range of
new products and services can be rapidly brought to market.
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UnionPay International and ACI Worldwide signing ceremony in Shanghai; pictured: Mr. Cai Jianbo, CEO, UnionPay International and Dan Frate, group president, ACI Worldwide (Photo: Business Wire).
UnionPay
International (UPI), a wholly-owned subsidiary of China UnionPay,
focuses on the growth and support of UnionPay’s global business.
UnionPay now serves the world’s largest cardholder base of more than 7
billion UnionPay cards issued worldwide, and is the preferred payment
brand for outbound Chinese travelers. ACI’s extensive network of payment
endpoints – in particular, card acquirers that are integrated with its Universal
Payments solutions, will allow UnionPay to rapidly expand its
footprint and increase card acceptance, in both in-store and
card-not-present environments.
ACI’s UP
solutions also enable UnionPay International to innovate in the
fast-growing mobile payments space. UnionPay, through its ACI
implementation, is preparing to accelerate the roll-out of new payment
services for online and mobile payments. ACI’s strong global presence,
including its connections to more than 400 alternative payment methods
and card acquirers, will facilitate the timely rollout of new
tokenization-backed mobile solutions.
“Since the start of this year, UnionPay has been focused on expanding
our business by coming up with innovative ideas, collaborating with new
organizations, and operating using new go-to-market strategies,” said
Mr. Cai Jianbo, CEO, UnionPay International. “This partnership is of
great significance as it promotes cooperation in the development of our
overseas business. Organizations and merchants have transformed their
systems and can now rely on ACI’s business and technical strength in the
global financial sector to further accelerate the development of
innovative products. We can respond faster to our customers’ needs and
increase the efficiency of our business operations.”
“We are proud to partner with an industry leader such as UnionPay to
serve the payment preferences of its customers through ACI’s expansive
reach, and loyal customer base of merchants and financial institutions.
And with the extensive capabilities delivered by our UP solutions, we
are uniquely qualified to support UnionPay’s diverse needs, long-term
growth and global ambitions,” said Dan Frate, Group President, ACI
On-Demand, ACI Worldwide. “UnionPay’s growth opportunity is
considerable, with Chinese consumers now making more than 100 million
trips outside of Greater China annually, and this number is expected to
increase substantially.”
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. 2018.
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
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its subsidiaries, in the United States, other countries or both. Other
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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/20180322005578/en/
Source: ACI Worldwide
ACI Worldwide
Dan Ring, +1 781-370-3600
dan.ring@aciworldwide.com
or
Christopher
Taine, +49 (0) 89 45230 557
christopher.taine@aciworldwide.com
