Aci Worldwide Inc Stock Price, News & Analysis

ACI Worldwide (NASDAQ: ACIW) has partnered with J.P. Morgan to enhance payment acceptance capabilities for merchants in select European countries. This collaboration combines J.P. Morgan's European acquiring platform with ACI's Omni-Commerce solution, offering merchants a seamless, secure payment experience across in-store and digital channels. This initiative aims to support businesses navigating the post-lockdown era, while J.P. Morgan remains the top acquirer of web transactions in Europe for six consecutive years.

ACI Worldwide (NASDAQ: ACIW) has expanded its partnership with KNET, Kuwait's national electronic banking company, to launch new digital payment services during the COVID-19 pandemic. KNET, utilizing the ACI Enterprise Payments Platform, aims to enhance its offerings with services like 3edeti, allowing electronic gifting of Eidia—cash vouchers exchanged during Eid. This initiative aims to meet evolving customer needs and advance KNET's operations in a rapidly changing payment landscape, reinforcing the importance of a robust digital payments infrastructure.

ACI Worldwide (NASDAQ: ACIW) reported Q1 2021 financial results with total revenue of $285 million, a 2% decline from Q1 2020, attributed to COVID-19 impacts. Annual recurring revenue (ARR) from new sales dropped to $10 million from $14 million year-over-year. Adjusted EBITDA rose 19% to $45 million, boosting the margin to 23%. Despite a net loss of $2 million, improved from $24 million in the prior year, the company reaffirmed its 2021 guidance, predicting revenue between $295 million and $305 million, and adjusted EBITDA of $375 million to $385 million.

ACI Worldwide (NASDAQ: ACIW) announced that Athol Credit Union (ACU) has chosen ACI Speedpay to enhance digital payment solutions for its members, facilitating cash payment digitization through barcode tokens. ACU now offers mobile bill payment options, with ACI moBills enabling cash payments at over 60,000 retail locations. This partnership aims to improve member experience amid pandemic-related challenges. ACI Speedpay is noted for increasing consumer satisfaction by 25% by simplifying bill management and payment.

ACI Worldwide (NASDAQ: ACIW) has announced it will report its financial results for Q1 2021 on May 6, 2021. A conference call will take place at 8:30 am EST to discuss these results, with live audio available online. Interested parties can dial in for participation. ACI, known for its real-time digital payment solutions, continues to support corporations in managing digital payments and enhancing fraud risk management. The company's scalable solutions are integral to the digital transformation of payments globally.

ACI Worldwide (NASDAQ: ACIW) has partnered with BigDataCorp to introduce a CPF identity verification service for eCommerce merchants in Brazil. This service enables merchants to validate customer identities, ensuring only legitimate orders are approved, which aims to reduce fraud and chargebacks. The CPF number is essential for transactions as it verifies customer authenticity. With mobile commerce projected to reach $20 billion in 2023, this partnership is crucial for enhancing security in the growing Brazilian eCommerce market.

ACI Worldwide (NASDAQ: ACIW) has announced that Craig Ramsey, head of Real-Time Payments, has been selected for the U.S. Faster Payments Council Board Advisory Group. The group aims to enhance the adoption of faster payments across the U.S. ACI is engaged in promoting real-time payments globally, collaborating with various organizations. Additionally, ACI has been chosen by the Federal Reserve to participate in the pilot for the FedNow Service, facilitating the development and adoption of this new payments service.