Welcome to our dedicated page for Aci Worldwide news (Ticker: ACIW), a resource for investors and traders seeking the latest updates and insights on Aci Worldwide stock.
ACI Worldwide, Inc. develops and supports electronic payments software used by banks, billers, merchants, community banks and credit unions. Company updates center on payments modernization, real-time payments, card processing, fraud and financial crime controls, and digital bill payment through businesses such as Payment Software and Biller.
Recurring developments include earnings releases, guidance updates, share repurchases, product launches for the cloud-native ACI Connetic platform, and collaborations tied to payment verification and real-time payment infrastructure. ACI also publishes research on payment adoption, biller modernization and regional instant-payment systems, including activity in Latin America and other global markets.
ACI Worldwide (NASDAQ: ACIW) has appointed Thomas Warsop as Interim CEO, succeeding Odilon Almeida, who is stepping down. To ensure a smooth transition, Almeida will assist through November 30, 2022. Adalio Sanchez, who has been on the board since 2015, is now the non-executive Chair. The board aims to identify a permanent CEO with the help of an executive search firm. Warsop emphasizes ACI’s position to capitalize on the real-time payments market, aiming for operational excellence and growth.
ACI Worldwide (NASDAQ: ACIW) forecasts a 15% increase in eCommerce transactions from October to December 2022, reflecting strong consumer optimism, despite inflation and limited inventory. Key growth sectors include gaming (34%) and travel (29%). Mobile payments are expected to rise 5% with an 11% uptick in digital wallet transactions. However, friendly fraud has surged 22%, highlighting the need for robust fraud prevention strategies. Overall, a busy holiday shopping season is anticipated, contrasting with a softening retail environment.
ACI Worldwide reported Q3 2022 revenue of $307 million, a 1% increase when adjusted for foreign exchange and divestiture impacts. Net income reached $23 million. Notably, new ARR bookings surged 35% year-over-year. The company reaffirmed its 2022 revenue guidance at $1.39 billion to $1.405 billion on a constant currency basis. However, inflationary pressures and foreign exchange fluctuations are impacting EBITDA, which is projected to range between $365 million to $380 million for the year. ACI has repurchased 1.2 million shares in Q3.
ACI Worldwide (NASDAQ: ACIW) has received a silver medal from EcoVadis for its Corporate Social Responsibility efforts, ranking in the top 25% of 100,000 companies evaluated. The company improved its scores in ethics, labor, human rights, environment, and sustainable procurement. Chief HR Officer Tony Dinkins commented on the achievement as a milestone in ACI's sustainability journey, emphasizing its commitment to enhancing employee and community wellbeing. ACI participates in the EcoVadis assessment annually, sharing insights with stakeholders.
ACI Worldwide will announce its third quarter 2022 financial results on November 2, 2022. The announcement will be followed by a conference call at 8:00 am EST to discuss the results. Investors can access the call via a webcast or dial in at toll-free (888) 660-6377, using conference ID 3153574. ACI is a leader in real-time payments software, providing secure solutions for various digital payment needs.
According to new data from ACI Worldwide (NASDAQ: ACIW), recorded fraud attempts held steady at 0.1%, despite a 25% increase in transaction volumes and 20% rise in transaction value during Amazon Prime Days 2022. The company attributes this success to enhanced fraud prevention technologies and improved customer vigilance. Notably, eWallet fraud attempts decreased 0.2%, while the general retail sector saw a 21% increase in transactions, maintaining an approval rate of over 98% and low chargeback rates.
A collaboration between ACI Worldwide and Constant aims to enhance customer digital engagement for lenders, boosting loan volumes and streamlining collections. By integrating ACI's Speedpay with Constant's self-service loan management software, lenders can better meet consumer demands for digital services. Research indicates that 81% of consumers prefer self-service options, which this partnership addresses. The alliance will utilize modern payment methods and reduce reliance on outdated systems, helping lenders adapt to changing market needs.
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ACI Worldwide (NASDAQ: ACIW) has partnered with Westpay AB to integrate ACI Secure eCommerce into Westpay's payment solutions. This collaboration aims to provide merchants with a seamless and secure payment experience, combining in-store transactions with advanced eCommerce capabilities. The integration supports Westpay's expansion strategy into new markets, including South Africa. Key benefits include instant access to various payment methods, enhanced conversion rates, and centralized payment data management.
ACI Worldwide (NASDAQ: ACIW) has announced Amanda Mickleburgh's appointment as Co-Chair of the European Advisory Board of the Merchant Risk Council (MRC). Mickleburgh, currently the product director for merchant fraud at ACI, aims to enhance collaboration within the industry to tackle evolving fraud challenges. Since joining ACI in 2007, she has focused on eCommerce fraud prevention and data intelligence. The MRC plays a crucial role in connecting stakeholders in the payment ecosystem. ACI will host MRC Connects Miami on October 6, focusing on payments and fraud prevention in the LATAM region.