Aci Worldwide Inc Stock Price, News & Analysis

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.

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.