Conductor, Leading Brazilian Card Processor, Enters Latin America Acquiring Market with ACI’s Cloud-Enabled Solutions Power...
June 01 2020 - 8:00AM
Business Wire
Delivering innovative payment services in the
public cloud is key to Conductor’s growth strategy
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
that Conductor, a leading Brazilian-based card processor, is
spearheading its entrance into the Latin American acquiring market
using ACI’s UP Retail Payments and UP Payments Risk Management
solutions, which it will deploy in the public cloud powered by
Microsoft Azure.
Conductor, which has served financial institutions, fintechs and
merchants for more than twenty years, recently embarked on a major
initiative to expand its acquiring business. Although this business
does not officially begin operations until the second half of 2020,
the organization has already signed on three customers. The
country’s acquiring market has seen considerable growth, and in
2019 alone, Brazilians traded BRL 1.84 trillion through credit,
debit and prepaid cards, representing an increase of 18.7 percent
compared to 2018.
To capitalize on the acquiring opportunity, Conductor required a
partner not only with a proven track record of digital payments
success within Brazil and across Latin America, but a cloud-enabled
solution capable of meeting its aggressive time-to-market and
growth goals. ACI’s cloud-enabled retail payment solution allows
Conductor to deliver innovative, market-leading and future-ready
payment services to both its current and future customers.
“We are in growth mode and partnering with ACI—a world-class
payments provider with a deep understanding of both the acquiring
market and the region—is part of our expansion strategy, enabling
us to meet the processing needs of this market, in an agile,
flexible, robust and cost-effective manner,” said Antonio Soares,
CEO, Conductor. “And as we enter new businesses, leveraging ACI’s
agile cloud-enabled solutions will allow us to better serve our
customers’ need and more quickly achieve our growth goals.”
UP Retail Payments combines the features and functionality of
current systems with the latest technologies to offer a high-level
digital payment experience. UP Payments Risk Management is designed
to combat existing and emerging fraud threats, using a superior
combination of machine learning, fraud and payment data, as well as
advanced analysis. The implementation of both solutions in
Conductor's products and services aims to add even more value to
the journey of its customers and also of the final consumer.
“Innovative organizations like Conductor are turning to ACI and
our cloud solutions running on Microsoft Azure to power their
payment platforms,” said Mandy Killam, executive vice president and
growth markets leader, ACI Worldwide. “Our flexible and scalable
offerings support fast ‘time-to-market’ and ‘digital-first’ needs,
allowing Conductor to focus on growth.”
Conductor is one of several organizations that has selected ACI
solutions running on Microsoft Azure to power their payment
platforms. ACI and Microsoft announced a global strategic
collaboration to support the payments industry’s rapid adoption of
technology deployed in the public cloud.
ACI’s UP Retail Payments bridges the features and
functionalities of current systems with next-generation
technologies to deliver a preeminent digital payments experience.
ACI’s UP Payments Risk Management solution is designed to combat
existing and emerging fraud threats using a superior combination of
machine learning, fraud and payments data, and advanced analytics.
In real-time, the solution analyzes historical and current
transaction trends for fraudulent behaviour and patterns to prevent
criminal parties from accessing customer information and funds.
About ACI Worldwide ACI Worldwide, the Universal Payments
(UP) company, powers electronic payments for more than 6,000
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.
About Conductor Conductor is the leading next-gen
payments processor and banking-as-a-service infrastructure provider
in Brazil, enabling clients from a wide range of industries to
offer payment solutions to their end customers. With its
proprietary API-based digital processing platform, the company
serves close to 200 corporate clients with over 75 million end
customer payment accounts and is connected to over 520 thousand
merchant point of sales throughout the country. Conductor has been
backed by Riverwood Capital since 2014, and by Visa Ventures since
2018.
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ACI Worldwide Dan Ring – dan.ring@aciworldwide.com |
(781) 370-3600
CDI Comunicação Giovanna Nichi – giovanna@cdicom.com.br |
(11) 96308-1221 William Maia – william.maia@cdicom.com.br | (11)
98358-4493 Everton Vasconcelos – everton@cdicom.com.br | (11)
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