Aci Worldwide Inc Stock Price, News & Analysis

ACI Worldwide (NASDAQ: ACIW), a leader in real-time electronic payment software, is set to report its financial results for the fourth quarter and full year of 2020 on February 25, 2021. Management will conduct a conference call at 8:30 am EST to discuss the results and future guidance. Interested participants can access the call via a real-time audio broadcast or through designated dial-in numbers. A replay of the call will be available for two weeks.

ACI Worldwide (NASDAQ: ACIW) and Gilbarco Veeder-Root have announced a collaboration to jointly certify ACI's point-to-point encryption (P2PE) data security solution, aimed at enhancing protection for consumers using debit and credit cards at fuel pumps. This partnership seeks to exceed existing EMV security requirements and mitigate losses from data breaches and fraud, providing a comprehensive security solution for fuel retailers globally. ACI's P2PE capabilities will help in desensitizing payments infrastructure, reducing risks associated with sensitive cardholder data.

A recent study by ACI Worldwide reveals that 85% of merchants using a multi-acquiring strategy have improved conversion rates. The report highlights that 57% of merchants and 70% of payment service providers (PSPs) are currently adopting this approach.

Key benefits include enhanced resilience, reduced operational costs, and better access to alternative payment methods. 40% of single acquirer users plan to switch to multiple acquirers within a year, seeking flexibility and cost reduction. The findings underscore the growing trend of multi-acquiring in global payment strategies.

ACI Worldwide (NASDAQ: ACIW) has appointed Amanda Mickleburgh, the product director for Merchant Fraud, to the European Advisory Board of the Merchant Risk Council. With over 15 years in fintech, Amanda will leverage her expertise in eCommerce fraud prevention and data intelligence to enhance the Board's initiatives. The Merchant Risk Council focuses on connecting eCommerce fraud and payments professionals and helps members navigate trends and risks in the digital landscape. Amanda's addition is seen as a strategic move to drive value for MRC members.

ACI Worldwide (NASDAQ: ACIW) announced the successful implementation of its real-time payments solution by Thailand’s National ITMX to enhance the country's bulk payments processing system. This upgrade aims to facilitate continued growth in real-time payments, projected to rise from 13.3% in 2020 to 30.1% by 2025. The new system processed over 96 million transactions valued at approximately 143 billion USD in 2020, highlighting a 60% increase in transaction volume. The collaboration positions Thailand’s payment infrastructure for significant modernization and increased efficiency.

ACI Worldwide (NASDAQ: ACIW) reported preliminary unaudited financial results for the year ending December 31, 2020, anticipating revenues between $1.280 billion and $1.295 billion with adjusted EBITDA of $350 million to $360 million. Despite COVID-19 challenges, the company achieved year-over-year growth and margin improvements. ACI reaffirms a long-term outlook for mid-single-digit organic revenue growth and expects 2021 to achieve the 'Rule of 40' for the first time. A conference call to discuss results is scheduled for January 28, 2021.

ACI Worldwide (NASDAQ: ACIW) has been selected by the Federal Reserve Banks for the pilot program of the FedNow Service, a new real-time payments initiative. ACI will assist in developing and testing this service, aimed at enabling secure real-time payment capabilities for thousands of financial institutions across the U.S. Craig Ramsey, ACI's head of real-time payments, emphasized the company's commitment to enhancing payment speed and convenience. ACI currently supports multiple real-time payment systems globally and will help shape the FedNow Service's adoption and functionality.

ACI Worldwide (NASDAQ: ACIW) reported a 24% increase in global eCommerce transactions in December 2020 compared to December 2019. Notably, the retail sector saw a 31% rise, while the gaming sector surged by 90%. The company noted a 70% increase in buy online, pick up in store (BOPIS) usage, but also a rise in BOPIS fraud attempts to 7%. Non-fraud chargebacks grew 26% due to shipment delays and increased consumer spending. ACI anticipates further growth in eCommerce as more consumers adapt to online shopping and expedited in-store pickup.

ACI Worldwide (NASDAQ: ACIW) announced its participation in the 23rd Annual Needham Virtual Growth Conference scheduled for January 15, 2021. ACI Worldwide is a prominent global provider of real-time digital payment software and solutions, offering payment processing, omni-commerce payments, and fraud management services. The company's innovative solutions enable clients to manage digital payments efficiently and securely, driving the transformation of payments and commerce on a global scale.