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 (ACIW) delivers innovative payment systems and financial technology solutions powering global electronic transactions. This dedicated news hub provides investors and industry professionals with essential updates on the company developments shaping the future of digital payments.
Access timely announcements including earnings reports, strategic partnerships, and product innovations in real-time payment processing. Our curated feed covers operational milestones, leadership changes, and technology advancements within ACIW's SaaS-based payment platforms serving financial institutions and merchants worldwide.
Bookmark this page for direct access to official press releases and verified news about ACI Worldwide's role in enabling secure omni-channel payments. Stay informed about critical developments affecting the electronic payments landscape through our maintained collection of company-specific updates.
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.
On December 2, 2020, Starboard Value LP, a major shareholder of ACI Worldwide (ACIW) with a 9% stake, delivered a letter to ACI's Chairman David Poe and CEO Odilon Almeida. The letter, which was also shared with ACI's Board of Directors, outlines Starboard's strategic recommendations for enhancing shareholder value. Starboard Value LP focuses on investing in undervalued companies and actively engaging with management to unlock potential value.
ACI Worldwide (NASDAQ: ACIW) announced that Credit Union Loan Source (CULS) will enhance its digital payments through ACI Speedpay. CULS experienced an 89% increase in interactive voice response payments and a 30% growth in mobile wallet usage since adopting ACI's solutions. The implementation streamlined bill payments, leading to a 15% drop in call center volume. CULS's mobile wallet feature also increased paperless adoption rates from 2% to 18%, contributing to cost savings and improved consumer satisfaction.
ACI Worldwide (NASDAQ: ACIW) announced its Fraud Management solution is now certified and available as a private offering on the Microsoft Azure Marketplace. This certification allows for easier deployment, responding to the urgent need for financial institutions to adapt to the evolving fraud landscape. The solution offers advanced features like machine learning and predictive analytics for comprehensive fraud detection. Key benefits include rapid setup, scalability, enhanced security, and compliance automation, streamlining operational efficiencies for customers.
ACI Worldwide (NASDAQ: ACIW) reported a 23% increase in global eCommerce transactions in October 2020 compared to October 2019, attributed to retail, gaming, DIY, and digital sectors. Projected transactions are expected to rise 25% in Q4 2020. The gaming sector saw a staggering 90% increase, while travel and ticketing faced declines of 33% and 79% respectively. Additionally, fraud attempts’ value increased by 0.4%, and chargebacks rose by 10%. The data underscores changing consumer behavior amid COVID-19 lockdowns.
ACI Worldwide (NASDAQ: ACIW) reported Q3 2020 financial results with total revenue of $316 million, down 11% year-over-year, primarily due to COVID-related delays affecting its On Premise business. Adjusted EBITDA fell 13% to $87 million, while the net EBITDA margin improved to 31%. The On Demand segment showed resilience with $190 million in revenue, a 1% decline, but improved net adjusted EBITDA margin of 32%. Total bookings increased by 43% compared to Q3 2019. The company has suspended its full-year guidance due to uncertainties from the pandemic.
ACI Worldwide (NASDAQ: ACIW) will host its analyst day on November 10 at 9:00am EST. The virtual event will feature senior management, including new president and CEO Odilon Almeida, outlining the company's new strategy and discussing market opportunities. A customer and partner panel will focus on the global acceleration of real-time payments. The event will be accessible via a live audio webcast, with a replay available afterward.
ACI Worldwide (NASDAQ: ACIW) has launched its Fraud Management solution in the cloud for Indian banks, aiming to safeguard the growing number of Unified Payments Interface (UPI) transactions, which recently totaled 2.07 billion in October. The solution enhances fraud detection and management without altering existing UPI systems, offering scalability and reduced costs. ACI aims to address the challenges posed by increasing digital transactions and cyber fraud, thereby supporting India's vision for a cashless economy.
ACI Worldwide (NASDAQ: ACIW) announced that EFT Corporation, a major payment solution provider in Africa, is expanding its offerings using the ACI Enterprise Payments Platform. This implementation aims to enhance EFT's customer service across Africa, leveraging secure transactions across various channels. EFT, a long-term ACI client, currently supports over 80 clients in 18 countries. The platform's capabilities are designed to future-proof EFT's business, allowing it to meet the evolving demands of the payment ecosystem while ensuring security and resilience.
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