GlobeNewswire
2012-05-24
Company Releases Latest Version of ACI Acquirer and ACI
Interchange
NEW YORK, May 24, 2012 (GLOBE NEWSWIRE) -- ACI Worldwide, Inc.
(Nasdaq:ACIW), a leading international provider of payments solutions,
announced today the release of the latest version of ACI Acquirer(TM),
its comprehensive multi-currency system for managing merchant accounts,
histories and settlements. The enhanced ACI Acquirer offers greater
support for U.S. taxation requirements, enhanced interchange fee
processing and expanded features for merchant settlement delay and
deposit reserves.
ACI Acquirer enhancements are complemented by the launch of the newest
version of ACI Interchange(TM), the company's central monetary
transaction manager for clearing card transactions. Both solutions
ensure that acquiring banks and processors remain current with the
latest regulatory developments in the U.S. market. This increases
customers' ability to operate seamlessly in today's highly competitive
merchant acquiring environment. ACI Issuer(TM), ACI Acquirer and ACI
Interchange are installed at more than 70 customers in North America,
Europe and Asia.
Financial institutions require a merchant acquiring solution that
offers flexibility as its premiere feature. The enhanced ACI Acquirer
enables the most flexible pricing, transaction, service and merchant
settlement options on the market today. Some of the new features
include:
-- Improved functionality for U.S. including taxation calculation and
reporting, support for NACHA payment file formats and industry
compliance mandates.
-- Enhancements which allow merchant acquirers to create highly
differentiated merchant programs with unique methods for delayed or
deferred settlement and merchant deposit reserve management
-- Support for Discover card transaction clearing and settlement.
"The U.S. remains a very competitive and dynamic merchant acquiring
market, subject to a number of essential regulatory requirements and
changes in operating conditions," said David Morem, Executive Vice
President, Global Products and Maintenance, ACI Worldwide. "Merchant
acquirers need a management solution which ensures ongoing compliance
and competitive transaction price points as well as the ability to
better compete in the market through overall pricing flexibility and
customized settlement funding capabilities. That need is fulfilled by
the latest releases of ACI Worldwide's core merchant and card
management solutions."
In addition to ACI Acquirer and ACI Interchange, ACI's portfolio of
card and merchant management solutions also includes ACI Issuer for
issuing and supporting all card types, and two complementary products,
ACI Token Manager(TM), for EMV issuance, and ACI Payments Manager(TM)
for reconciliation and settlement. Together these products provide an
integrated, end-to-end solution for card transactions. Each offers
highly advanced features that are compliant with all major
international payment schemes, including Visa(R), MasterCard(R),
American Express(R) and JCB(R).
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for 1,650
financial institutions, retailers and processors around the world.
Through our integrated suite of software products and hosted services,
we deliver a broad range of solutions for electronic payments,
transaction banking, mobile, branch, and voice banking, fraud detection
and trade finance. To learn more about ACI and understand why we are
trusted globally, please visit www.aciworldwide.com. You can also find
us at www.paymentsinsights.com or on Twitter @ACI_Worldwide.
(C) Copyright ACI Worldwide, Inc. 2012.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
parties' trademarks referenced are the property of their respective
owners.Product roadmaps are for informational purposes only and may not
be incorporated into a contract or agreement. The development release
and timing of future product releases remains at ACI's sole discretion.
ACI is providing the following information in accordance with ACI's
standard product communication policies. Any resulting features,
functionality, and enhancements or timing of release of such features,
functionality, and enhancements are at the sole discretion of ACI and
may be modified without notice. All product roadmap or other similar
information does not represent a commitment to deliver any material,
code, or functionality, and should not be relied upon in making a
purchasing decision.
CONTACT: Media Contacts:
Rick Sheehy
P: 781-370-3643
E-mail: Richard.Sheehy@aciworldwide.com