ACI Worldwide and RYVYL EU Power Merchant Payments in Central Eastern Europe
February 13 2024 - 1:00AM
Business Wire
Leading payments service provider and acquirer in Central
Eastern Europe will utilize ACI’s Payments Orchestration Platform
to help merchants across the region to increase revenues and drive
business growth.
ACI Worldwide (NASDAQ: ACIW), a global leader in
mission-critical, real-time payments software, today announced a
collaboration with RYVYL EU, a leading payments service provider
(PSP) and acquirer in Central Eastern Europe (CEE), to help
merchants across the region increase revenues through higher
transaction conversion rates.
RYVYL EU is an EU-regulated electronic money institution based
in Sofia, Bulgaria, and is a wholly owned subsidiary of RYVYL Inc.
(NASDAQ: RVYL). Its services are fully compliant with the strict
standards of the Bulgarian National Bank and EU directives as well
as with MasterCard, Visa and Union Pay regulations. With a global
footprint, a comprehensive portfolio of services, and over 10 years
of industry experience, RYVYL EU provides complete payment
solutions by offering acquiring, payment and prepaid services,
catering to merchants across a wide range of verticals.
RYVYL EU will board its eCommerce merchants and PSP customers
onto the award-winning ACI Payments Orchestration Platform,
enabling them to orchestrate payments using one solution, one
platform and one API integration for optimal conversion rates at
minimal operation costs. The migration will allow merchants and
PSPs to provide customers with a more seamless and secure customer
journey.
“We are excited about our collaboration with ACI Worldwide,
which signifies our commitment to staying at the forefront of
technological advancements in the payment processing industry,”
commented Daniela Ivanova, CEO, RYVYL EU. “The partnership with ACI
will significantly enhance the customer experience for merchants
and PSPs and support our growth plans in the merchant acquiring
domain.”
ACI’s resilient and scalable Payments Orchestration Platform
allows organizations of all sizes to improve the customer
experience, maximize payment conversions, and quickly enable new
payment types and technology enhancements while optimizing the cost
of doing business in a complex environment laden with regulations
and varying operating rules.
“ACI’s Payments Orchestration Platform enables merchants to take
a strategic approach to orchestrating payments,” commented Nick
Craig, head of Europe, ACI Worldwide. “It simplifies the process of
managing multiple payment providers, acquirers and banks,
empowering merchants to offer a frictionless and seamless customer
experience, increase revenues and drive business growth.”
About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time
payments software. Our proven, secure and scalable software
solutions enable leading corporations, fintechs and financial
disruptors to process and manage digital payments, power
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with a local
presence to drive the real-time digital transformation of payments
and commerce.
© Copyright ACI Worldwide, Inc. 2024
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/20240212384066/en/
Media: Nick Karoglou: nick.karoglou@aciworldwide.com
Katrin Boettger: katrin.boettger@aciworldwide.com
ACI Worldwide (NASDAQ:ACIW)
Historical Stock Chart
From May 2024 to Jun 2024
ACI Worldwide (NASDAQ:ACIW)
Historical Stock Chart
From Jun 2023 to Jun 2024