Aci Worldwide Inc Stock Price, News & Analysis

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.

ACI Worldwide (NASDAQ: ACIW) and JCB International Co., Ltd. announced the successful global rollout of JCB's Web API Service, including a dispute function. This service, built on ACI Secure eCommerce, enhances payments acceptance for merchants across Asia and globally. JCB's acceptance network spans over 35 million locations worldwide, allowing acquirers and PSPs to simplify integration and improve operational efficiency. The collaboration supports JCB's ambition for global expansion, leveraging ACI's proven solutions to streamline operations and enhance cardmember service.

ACI Worldwide (NASDAQ: ACIW) reveals in a recent study that over a third of consumers will require at least six months to catch up on missed bill payments due to COVID-19. The survey of 3,000 U.S. adults indicates a significant financial strain, with 30% reporting reduced incomes. Additionally, 10% are currently behind on payments. The demand for flexible and faster payment options is rising, particularly among younger consumers. Key findings highlight a shift towards digital payments, with 16% using digital platforms more than before the pandemic, and a notable preference for expedited transaction processes.

ACI Worldwide (NASDAQ: ACIW) reported a 21% increase in global eCommerce transactions for November 2020 compared to the previous year, driven by heightened consumer demand for household goods and services. Significant growth in the retail sector was observed, with a 30% increase from Thanksgiving to Cyber Monday. However, average ticket prices fell by 3%, and fraud attempt rates rose slightly to 1.7% by volume. Notably, the travel and ticketing sectors saw declines of 60% and 85%, respectively, due to the pandemic.