Aci Worldwide Inc Stock Price, News & Analysis

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.

ACI Worldwide (NASDAQ: ACIW) will release its third quarter 2020 financial results on November 5, 2020. A conference call is scheduled for 8:30 am EST to discuss these results, with access via investor portal or through specified dial-in numbers. ACI Worldwide provides digital payment software for over 6,000 organizations, processing $14 trillion in payments and securities daily. More than 1,000 major financial institutions rely on ACI's solutions for real-time payments and omni-channel experiences.

ACI Worldwide (NASDAQ: ACIW) has extended its partnership with Aegean Airlines to enhance revenue growth and combat online fraud. This collaboration has been ongoing since 2014, achieving an impressive 97% capture rate of confirmed fraud, saving the airline €1.4 million in 2019. The ACI Secure eCommerce solution employs machine learning and consortium intelligence to protect against fraud, particularly crucial during the pandemic when fraud risks have escalated. Aegean Airlines is the largest in Greece, operating 120 international routes.

ACI Worldwide (NASDAQ: ACIW) has appointed Charles “Charlie” Bobrinskoy and Didier Lamouche as independent directors to its Board. Bobrinskoy, a veteran in the investment sector, brings over 30 years of experience, while Lamouche has extensive operational expertise from his tenure in technology and digital payments. These appointments aim to enhance ACI's strategy for profitable growth and value creation in the digital payment landscape. The leadership change is set to strengthen ACI's competitive positioning and support its long-term objectives.

ACI Worldwide (NASDAQ: ACIW) forecasts a 27% increase in global eCommerce transactions from October to December 2020, driven by changing consumer behaviors due to the pandemic. The buy-online-pick-up-in-store (BOPIS) channel is expected to rise 40%. In September, eCommerce purchasing grew by 21% year-over-year, with notable increases in gaming (71%) and retail (45%). However, travel and ticketing saw declines of 21% and 75%, respectively. Increased fraud risk is highlighted, with an average fraud attempt value rising to $9 in 2020.

ACI Worldwide (NASDAQ: ACIW) announced that Entergy Services, LLC has selected its ACI Speedpay solution for a new mobile wallet bill payment channel. This partnership will enhance Entergy's digital wallet notifications and enable payments via mobile devices. ACI's Speedpay, including moBills and Pay By Text, aims to improve user experience, raising consumer satisfaction by 25 percent. ACI Worldwide provides digital payment solutions to over 6,000 organizations globally, executing $14 trillion in payments daily.

ACI Worldwide (NASDAQ: ACIW) released new research indicating only 11% of students and parents perceive increased payment plan options since the pandemic. The study, surveying over 500 respondents, revealed that 74% expect refunds for unused fees. Key findings showed that 49% of participants believe refunds should be processed within four weeks, while 52% are comfortable with on-campus safety measures. ACI highlighted the importance of flexible billing options to support students during challenging times.

ACI Worldwide (NASDAQ: ACIW) announced a strategic partnership with GOLDPoint Systems, integrating ACI Speedpay into GOLDPoint’s loan management platform. This collaboration enables debit card loan payments and disbursement of loan proceeds, enhancing real-time payment processing capabilities. The integration aims to streamline operations for lenders, offering significant cost savings and convenience for customers. ACI Speedpay is designed to improve consumer satisfaction by 25%, providing multiple payment channels including web, mobile wallet, and in-person transactions.

ACI Worldwide (NASDAQ: ACIW) and Mastercard have announced a strategic partnership to deliver global real-time payment solutions. This collaboration aims to enhance central infrastructure and access solutions for entities involved in real-time payment initiatives. ACI's technology and Mastercard's expertise are set to address local market requirements, allowing flexible deployment options and supporting global real-time payments growth, which is projected to expand at a CAGR of 23.4% from 2019 to 2024, according to a recent study.