ACI Worldwide to Drive Payments Modernization for Boots, the UK’s Pharmacy-led Health and Beauty Retailer
March 08 2021 - 2:00AM
Business Wire
ACI Omni-Commerce to help Boots customers
throughout their omni-channel shopping journeys
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
it is extending its partnership with Boots UK, part of Walgreens
Boots Alliance, to drive payments modernization for the UK’s
pharmacy-led health and beauty retailer. Boots UK will utilize ACI
Omni-Commerce, a secure validated P2PE omni-channel payments
platform, which will deliver a safe, consistent and seamless
payments experience to its customers across all channels, whether
in-store, online or mobile.
Against the backdrop of growing eCommerce sales accelerated by
the COVID-19 pandemic, many retailers, especially in the grocery
and drugstore sector, have focused on accelerating the digital
transformation of their business to satisfy demand for new customer
journeys and new digital payment methods. The partnership with ACI
will give Boots a flexible payments service so that it can offer
its customers new payment methods and respond quickly to future
business demands across in-store and digital channels.
Boots will also benefit from the solution’s multi-layered fraud
strategy that uses a combination of consortium payments
intelligence, profiling, machine learning and rules—a powerful
approach that enables merchants to maximize payment acceptance
while minimizing fraud and chargeback costs.
“Over the last year, we have seen some fundamental changes in
consumer behavior when it comes to shopping and payments,” said
Andrew Quartermaine, vice president, ACI Worldwide. “Consumers are
increasingly shopping across multiple channels and demand a variety
of payment options, whether they are shopping online or in-store.
Retailers need to keep up with these developments, serving
customers in cross-channel journeys like click-and-collect and
offering a greater choice of payment methods.”
The ACI solution will also help Boots to meet the requirements
of Strong Customer Authentication (SCA), the new European security
standard for online payments that came into force on January 1,
2021, with the UK following suit on September 14, 2021. SCA aims to
protect consumers and businesses from fraud by authenticating the
customer before allowing a payment to be completed. ACI’s solution
is designed to support merchants in their SCA checks and to
minimize disruption during the payment process, ensuring completed
transactions remain high.
About ACI Worldwide ACI Worldwide is a global software company
that provides mission-critical real-time payment solutions to
corporations. Customers use our proven, scalable and secure
solutions to process and manage digital payments, enable
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with local
presence to drive the real-time digital transformation of payments
and commerce.
© Copyright ACI Worldwide, Inc. 2021
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and
all ACI product/solution 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210307005022/en/
Media Contacts Dan Ring dan.ring@aciworldwide.com
781-370-3600 Katrin Boettger katrin.boettger@aciworldwide.com 0044
(0)7776 147 910
ACI Worldwide (NASDAQ:ACIW)
Historical Stock Chart
From Aug 2024 to Sep 2024
ACI Worldwide (NASDAQ:ACIW)
Historical Stock Chart
From Sep 2023 to Sep 2024