ACI Worldwide’s Mobile Payments Technology Supports Pay-In-Aisle Launch of British Convenience Food Retailing Giant, Co-op
July 31 2019 - 03:00AM
Business Wire
Co-op’s Pay-in-Aisle App set to deliver greater
convenience and flexibility for shoppers, utilizing ACI’s mobile
payments technology
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
that its mobile payments technology is an essential component of
the Co-operative Group’s new Pay-in-Aisle App. The Co-operative
Group (Co-op) is one of the UK’s largest convenience food retailers
with more than 2,600 stores and fuel sites across the country.
The app will be launched across 30 Co-op food stores in England,
Scotland and Wales by early August 2019, utilizing the Mobile
Commerce SDK that is part of ACI’s UP
eCommerce Payments solution. The app allows customers to scan
products on their own device as they shop and when they have
finished, product costs are deducted from their Apple Pay or Google
Pay accounts with a touch of a button. The technology sits
alongside existing payment methods – including cashiers and
self-scan tills.
As a strategic technology partner, ACI has supported the Co-op
with the launch of several innovative payments initiatives in
recent years. Co-op was the first UK retailer to introduce both
chip-and-pin and contactless cards in the UK. The retailer uses
ACI’s UP Merchant Payments solution for its card processing
operations and to secure payments data of its customers through
Point-2-Point Encryption (P2PE). ACI also runs a cloud-based wallet
service for Co-op’s loyalty membership scheme.
“Consumers increasingly demand flexibility and choice when it
comes to payment methods, and paying via mobile app is becoming
more popular in the UK, especially in urban areas and among
millennials. ACI Worldwide has a long and successful track record
of delivering innovative merchant payment capabilities, and we are
delighted to partner with Co-op on this exciting new mobile
initiative,” said Andrew Quartermaine, vice president, ACI
Worldwide. “Moreover, as security is top-of-mind for consumers and
paramount for merchants, the Co-op’s customers’ data will be
protected at all times with ACI’s technology, regardless of the
payment method they are using.”
“Technology is bringing unprecedented levels of change to
retailing, with speed and ease seen as key drivers for time-pressed
consumers. We know that people adopt technology at different
speeds, and while cash is here to stay, it is clear that it is
playing a lesser role in society. Retailers need to adapt and be
agile, and this app builds added choice and convenience into the
retail experience,” said Mark Pettigrew, director of Retail
Support, Co-op. “Consumers lead busy lives and value their time.
Whether it’s a train to catch or on the school run this technology
cuts queues and saves time, enabling customers to complete their
shopping quickly and get on with their day and what matters most to
them.”
About ACI Worldwide ACI Worldwide, the Universal Payments
(UP) company, powers electronic payments for more than 5,100
organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries, as well as thousands of
global merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our electronic bill presentment and payment services. Through our
comprehensive suite of software solutions delivered on customers’
premises or through ACI’s private cloud, we provide real-time,
immediate payments capabilities and enable the industry’s most
complete omni-channel payments experience. To learn more about ACI,
please visit www.aciworldwide.com. You can also find us on Twitter
@ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2019. ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP
logo, ReD, PAY.ON 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190731005051/en/
Dan Ring Email: dan.ring@aciworldwide.com Phone: +1 (781)
370-3600
Christopher Taine Email: christopher.taine@aciworldwide.com
Phone: +49 (0) 89 45230 557
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