1st Source Bank Taps ACI Worldwide to Accelerate Digital Banking Across the Midwest
May 06 2019 - 8:00AM
Business Wire
ACI’s cloud-based digital banking solution
allows 1st Source to effectively compete with larger banks and
increase cash management market share
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions,
today announced that 1st Source Bank, the largest
locally-controlled financial institution headquartered in northern
Indiana, has selected ACI’s cloud-based digital banking solution,
Universal Online Banker, to meet the shift in market demand toward
digital banking and mobility.
1st Source Bank delivers a comprehensive range of banking
services to consumers and businesses. In order to keep pace with
the evolving digital economy and increase its industry footprint
against larger financial institutions and fintech disruptors, the
bank sought to provide its customers with a modern and secure
digital banking experience. In addition, the bank looked to provide
consistent interactions across all devices – mobile, tablets and
desktops. With ACI’s Universal Online Banker, 1st Source will be
able to improve customer experience and develop new revenue
streams.
“Providing outstanding customer service and superior quality
banking services have always been at the core of what we do,” said
Jim Seitz, president, 1st Source Bank. “With ACI’s digital banking
solution, we’re able to offer sophisticated online banking tools
that help our customers manage their cash flows, make payments and
instantly assess the financial status of their business. In
addition, with APIs offered through ACI’s cloud-based solution,
we’re able to innovate and create new services that keep up with
customer expectations.”
“Investing in new digital banking technology has become table
stakes for banks to remain competitive in today’s market,” said Jim
Gillespie, vice president, Banking Solutions, ACI Worldwide. “This
requires banks to continuously update and improve their cash
management platforms to grow their business and meet new customer
expectations. With ACI’s cloud-based Universal Online Banker, 1st
Source is set to take advantage of the digital banking
transformation and successfully compete with larger institutions
and disruptors in the space.”
ACI’s cloud-based Universal Online Banker empowers banks to
offer numerous features and services to their commercial and
business banking customers. It incorporates industry-leading
security and includes an extensive library of APIs, and the ease of
access through mobile, tablets and desktops allows banking
customers to manage their cash position wherever and whenever they
want. The solution was recognized as “Best-in-Class” in the AIM
Evaluation: The Leading Providers of U.S. Cash Management, 2018
report from Aite Group. As the market advances in real-time
payments, ACI will offer real-time payments origination and receipt
tracking as part of Universal Online Banker, which supports
transactions sent by banks’ business customers to The Clearing
House (TCH) real-time payments (RTP) network. ACI’s UP Immediate
Payments solution further extends this origination, which enables
TCH RTP message clearing and connectivity.
ACI will showcase digital banking, faster payments and
cybersecurity at NACHA Faster Payments 2019 at booth # 417, May
5-8. For more information, visit ACI at NACHA Faster Payments
2019.
About ACI WorldwideACI 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. 2019ACI, ACI Worldwide, the ACI
logo, ACI Universal Payments, UP, the UP logo 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190506005128/en/
Dan RingE-mail: dan.ring@aciworldwide.comPhone:
781-370-3600Nidhi AlbertiEmail:
nidhi.alberti@aciworldwide.comPhone: 781-370-3600
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