ACI Worldwide and RYVYL EU Power Merchant Payments in Central Eastern Europe
ACI Worldwide partners with a leading payments service provider in Central Eastern Europe to enhance merchant services using the Payments Orchestration Platform, aiming to boost revenues and foster business expansion.
ACI Worldwide's partnership with a key player in Central Eastern Europe's payment services sector signifies a strategic move to expand its footprint in a region that is experiencing growth in digital transactions. This collaboration is expected to enhance the capabilities of local merchants, potentially increasing market competitiveness and consumer choice. The adoption of ACI’s Payments Orchestration Platform may lead to increased transaction volumes and improved payment success rates, which are critical metrics for both ACI Worldwide and its partners.
From an investor's perspective, such strategic expansions could signal potential revenue growth for ACI Worldwide. It is important to monitor how this partnership affects the company's market share in Central Eastern Europe and whether it will translate into a sustainable competitive advantage. Additionally, investors should consider the scalability of the platform and the potential for similar deals in other regions, as these factors could influence long-term financial performance.
ACI Worldwide's decision to provide its Payments Orchestration Platform to a key player in the payments sector of Central Eastern Europe could have a notable impact on the company's financials. The platform's ability to streamline payment processing and reduce transaction costs is likely to be a compelling value proposition for merchants in the region. The revenue model for ACI Worldwide, typically involving transaction-based fees or software licensing, will likely see a positive shift as a result of increased adoption.
Investors should assess the potential increase in ACI's earnings before interest, taxes, depreciation and amortization (EBITDA) margins as the platform gains traction. It's also prudent to analyze the capital expenditures associated with such expansions and the expected return on investment. The company's stock price could respond favorably if the partnership leads to significant market penetration and revenue growth, but it's essential to consider the execution risks and competitive dynamics in the payments industry.
The integration of ACI’s Payments Orchestration Platform within Central Eastern Europe's payment infrastructure is a technological advancement that could streamline payment processes and enhance security. This platform is designed to manage, optimize and secure payment routes, which is increasingly important as e-commerce continues to grow. For merchants, the benefits include reduced payment failures and the ability to navigate complex payment ecosystems more effectively.
From a technology standpoint, the robustness and adaptability of ACI's platform to different regulatory environments and payment methods will be crucial in ensuring its success. The platform's ability to integrate with various payment providers and adapt to new payment technologies will likely be a key factor in its adoption. As payment technologies evolve, ACI Worldwide's commitment to innovation will be paramount in maintaining its competitive edge and market relevance.
02/13/2024 - 01:00 AM
Leading payments service provider and acquirer in Central Eastern Europe will utilize ACI’s Payments Orchestration Platform to help merchants across the region to increase revenues and drive business growth.
MIAMI --(BUSINESS WIRE)--
ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a collaboration with RYVYL EU , a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates.
RYVYL EU is an EU-regulated electronic money institution based in Sofia, Bulgaria , and is a wholly owned subsidiary of RYVYL Inc. (NASDAQ: RVYL). Its services are fully compliant with the strict standards of the Bulgarian National Bank and EU directives as well as with MasterCard, Visa and Union Pay regulations. With a global footprint, a comprehensive portfolio of services, and over 10 years of industry experience, RYVYL EU provides complete payment solutions by offering acquiring, payment and prepaid services, catering to merchants across a wide range of verticals.
RYVYL EU will board its eCommerce merchants and PSP customers onto the award-winning ACI Payments Orchestration Platform , enabling them to orchestrate payments using one solution, one platform and one API integration for optimal conversion rates at minimal operation costs. The migration will allow merchants and PSPs to provide customers with a more seamless and secure customer journey.
“We are excited about our collaboration with ACI Worldwide, which signifies our commitment to staying at the forefront of technological advancements in the payment processing industry,” commented Daniela Ivanova, CEO, RYVYL EU. “The partnership with ACI will significantly enhance the customer experience for merchants and PSPs and support our growth plans in the merchant acquiring domain.”
ACI’s resilient and scalable Payments Orchestration Platform allows organizations of all sizes to improve the customer experience, maximize payment conversions, and quickly enable new payment types and technology enhancements while optimizing the cost of doing business in a complex environment laden with regulations and varying operating rules.
“ACI’s Payments Orchestration Platform enables merchants to take a strategic approach to orchestrating payments,” commented Nick Craig, head of Europe , ACI Worldwide. “It simplifies the process of managing multiple payment providers, acquirers and banks, empowering merchants to offer a frictionless and seamless customer experience, increase revenues and drive business growth.”
About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time payments software . Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments , power omni-commerce payments , present and process bill payments , and manage fraud and risk . We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.
© Copyright ACI Worldwide, Inc. 2024
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution 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: https://www.businesswire.com/news/home/20240212384066/en/
Media:
nick.karoglou@aciworldwide.com
katrin.boettger@aciworldwide.com
Source: ACI Worldwide
ACI Worldwide is partnering with a leading payments service provider in Central Eastern Europe to enhance merchant services.
ACI's Payments Orchestration Platform will be utilized to assist merchants in Central Eastern Europe.
The partnership aims to increase revenues and drive business growth for merchants in the region.
