-
Brings to the Region the World's Most Robust Fraud Prevention
Capabilities with PRM (ACI Proactive Risk Manager)
-
Enables Indian Banks and Merchants to Access State-of-the-Art
Payment Technology with Minimal Capital Investment
MUMBAI, India--(BUSINESS WIRE)--
AGS
Transact Technologies Limited, India's leading end-to-end
payment solutions provider for the banking,
retail
and petroleum
sectors, today announced a strategic alliance with ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions. This alliance will bring
ACI's Universal Payments capabilities to the Indian market via a
comprehensive cloud-based managed services offering that integrates
cross-channel payments, fraud prevention and transaction management
capabilities.
Globally, ACI
Worldwide executes $14 trillion payments each day for more than
1,000 of the largest financial institutions and intermediaries as well
as thousands of leading merchants. Banks and retailers, as well as the
new India Payment and Savings Bank license holders, increasingly are
asking for an outsourced and fully managed end-to-end model. The
combination of AGSTTL's existing outsourcing capabilities and dominant
market presence in India with ACI's robust fraud and payments solutions
and industry experience will directly address needs in the Indian market.
"This collaboration uniquely enables AGSTTL and ACI to collectively
address a critical need impacting the Indian financial services and
retail markets to develop a ‘one-stop-shop' platform for payments, fraud
and transaction management capabilities," said Ravi Goyal, chairman and
managing director, AGS Transact Technologies Ltd. "Backed by ACI's
global technology lineage, AGSTTL will offer a comprehensive
multi-channel solution to increasingly capex and
time-to-market-conscious banking and retail companies."
"AGSTTL brings a valuable combination of capabilities, market presence
and a unique delivery model to India. Its set of outsourced services for
payments, fraud and transaction management presents a compelling
offering in this important market," said Craig Saks, group president,
strategic products, ACI Worldwide. "Using a hosted model, provided by a
trusted and well respected partner such as AGSTTL, customers in India
will be able to rapidly deploy relevant solutions across multiple
channels—with a dramatically lower total cost of ownership."
About AGS Transact Technologies Ltd.
Established in 1992,
AGSTTL transformed into transaction management business in 2002 and
today, is one of India's leading end-to-end payment solutions provider
with a wide spectrum of highly customized products instated with
state-of-the-art technology for the banking, retail and petroleum
sectors. AGS operates across 700 cities and towns reaching out to over
100,000 customer touch points across India and boasts of an impressive
footprint in South East Asia. Pioneering the change in financial
technology space, our three major lines include Banking Automation
Solutions, Banking Payment Solutions, Automation Solutions for the
retail, petroleum and colour sectors while the group is focused on
establishing an alternate transactions ecosystem through their brand,
Ongo.
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 and SaaS-based
solutions, we deliver 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. 2016.
ACI, ACI Worldwide, 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/20161116005468/en/
AGS Transact Technologies Ltd.:
Deepti Uppal, +91-981 181
9842
General Manager - Corporate Communications
deepti.uppal@agsindia.com
or
Anshu
Jain, +91 8879790883
Deputy Manager - PR
anshu.jain@agsindia.com
or
Genesis
Burson-Marsteller Pvt Ltd
Kavita Menon, +91-9833663629
kavita.menon@bm.com
or
ACI
Worldwide:
Dan Ring, 781-370-3600
Vice President - Global
PR
dan.ring@aciworldwide.com
Source: ACI Worldwide
News Provided by Acquire Media
