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) announced a partnership with GOLDPoint Systems to integrate its bill pay solutions into GOLDPoint's core platform. This integration aims to enhance customer experience by enabling seamless transaction flows and self-service capabilities for lenders. The ACI Speedpay solution will empower lenders to manage real-time payments and improve collection processes. Nicholas Financial, a customer of both companies, noted that the integration has reduced branch foot traffic while enhancing their collections and overall customer experience.
ACI Worldwide has completed the sale of its corporate online banking solutions to One Equity Partners for $100 million. This divestiture allows ACI to focus on its core businesses, enhancing growth and financial flexibility. The company aims for a revenue growth target of 7% to 9% by 2024 and has already repurchased 2.7 million shares for $80 million. ACI adjusted its guidance for Q3 and full-year 2022 to reflect the impact of this sale.
According to a study by ACI Worldwide and the Centre for Economics and Business Research, upgrading the UK's payment infrastructure could add $3.8 billion to the UK GDP by 2026, representing 0.11%. The study finds that theoretical real-time payments could increase GDP by up to $98 billion, or 2.7%. Real-time payment growth in the UK lags behind emerging markets due to outdated infrastructure. The New Payments Architecture is crucial for modernization. In 2021, the UK processed 3.4 billion real-time transactions, saving $950 million and unlocking $3.2 billion in economic output.
ACI Worldwide (NASDAQ: ACIW) has partnered with Eximbay, South Korea's leading overseas payment services provider, to enhance its payment capabilities. Eximbay has integrated ACI Fraud Management for Merchants, a real-time fraud prevention solution, to bolster the security of its services. This collaboration aims to provide flexible, scalable fraud management to support Eximbay's cross-border merchant customers. The solution utilizes advanced analytics and machine learning to improve transaction acceptance rates while minimizing fraud losses.
ACI Worldwide (NASDAQ: ACIW), a leader in real-time payments software, announced its participation in several upcoming investor conferences. These include the Susquehanna 2022 Get Carded on August 5, the Wells Fargo 7th Annual FinTech & Tech Services Forum on August 9 in Newport, RI, the Canaccord Genuity 42nd Annual Growth Conference on August 11 in Boston, MA, and the D.A. Davidson Big Sky Technology Summit on August 23 in Big Sky, MT. The company aims to enhance investor relations and showcase its innovative payment solutions.
ACI Worldwide (NASDAQ: ACIW) has announced a partnership with Japan Card Network, Inc. (CARDNET) to modernize its digital payments infrastructure. CARDNET, which processes over 30 billion domestic payment transactions annually, will leverage ACI's technology to enhance its services for 106 companies and over 889,000 point-of-sale terminals across Japan. The collaboration aims to meet increasing demand for advanced digital payment solutions in both domestic and international markets, further solidifying ACI's growth in the Asia Pacific region.
ACI Worldwide reported Q2 2022 financial results showing revenue of $340 million, a 13% increase from Q2 2021, and adjusted EBITDA of $66 million, up 10%. New ARR bookings rose 3% year-over-year, totaling $18 million, and 43% year-to-date. The bank segment revenue surged 24%, while the merchant segment revenue fell 2%. ACI expects Q3 revenue between $310 million and $325 million and reaffirms full-year guidance of $1.415 billion to $1.435 billion.
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ACI Worldwide (NASDAQ: ACIW) will announce its Q2 2022 financial results on August 4, 2022, at 8:30 am EST. The company, a leader in real-time payments software, will host a conference call to discuss these results. Interested participants can access the teleconference via this link or dial in at (888) 645-4404. ACI Worldwide provides essential software solutions for processing digital payments globally.
ACI Worldwide (NASDAQ: ACIW) reported significant growth in transaction volumes and values, driven by consumer adoption of digital payments during events like Amazon Prime Days 2022. Overall transaction volumes increased by 25% and values by 20% compared to 2021. The 'Buy Now, Pay Later' trend saw an almost 50% rise in average transaction value. Mobile device transactions grew 25%, while fraud attempts remained stable, rising by only 0.1%. Regional insights indicated strong performance in North America and Australia, with transaction values surging significantly.