ACI Worldwide Unveils New Mobile Wallet Payment and Loyalty Capabilities
May 09 2019 - 6:02AM
Business Wire
Innovative mobile offering allows consumers
to view bills via iOS through Apple Wallet and Android through
Google Pay and make payments – within two clicks from their
smartphones
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions,
today announced new mobile wallet payment and loyalty capabilities.
Now part of ACI’s UP portfolio, the new capabilities allow
consumers to view bills from their Apple Wallet or Google Pay and
make payments from their smartphones.
ACI unveiled these new capabilities in conjunction with its
acquisition of Speedpay from Western Union, which will be completed
today. They are the result of today’s acquisition by ACI of Western
Union’s Walletron business, which develops next-generation mobile
wallet offerings. These new capabilities further strengthen ACI’s
leadership position within the U.S. electronic bill pay and
presentment (EBPP) market.
Walletron, which is used by more than 6 million consumers in
more than 100 countries, delivers patented mobile wallet technology
for iOS through Apple Wallet and for Android through Google Pay.
Its network of billing and payment partners manages more than 12
billion bills. In October 2018, ACI and Walletron announced a
strategic relationship enabling ACI’s clients to enhance their
customer experience by offering consumers the ability to view bills
from the wallet feature on their smartphones and make quicker
payments – within two clicks – using ACI’s market-leading UP Bill
Payment solution. Walletron also powers the mobile bill presentment
experience for several Speedpay customers.
“Today’s consumers expect a bill pay experience that is quick,
easy and digitized, and with billing and payment among an
organization’s most frequent and most important touchpoints,
customer experience is paramount,” said Sanjay Gupta, executive
vice president, ACI Worldwide. “As more consumers utilize mobile
devices to view and pay bills, organizations must be able to
present bills in a mobile-friendly way. The combination of ACI’s
bill payments platform and Walletron’s next-generation mobile
wallet billing technology delivers consumers a digital bill pay
experience unmatched in the industry. We are excited to welcome the
Walletron team as we shape the future of bill pay.”
Walletron’s patented digital engagement technology – moBills® –
enables organizations to place bills, invoices, statements,
compliance documents and other notifications directly into
consumers’ hands through their mobile wallets native to both
Android and Apple devices. This results in organizations being able
to increase their mobile channel effectiveness by linking consumers
to other valuable products, services and programs directly from
their bills.
The financial details of the Walletron acquisition were not
disclosed; the acquisition is not expected to be financially
material to ACI.
In separate press releases issued today, ACI announced the
completion of its acquisition of Speedpay, Western Union’s United
States bill pay business, as well as first quarter 2019 financial
results. The press releases are available on ACI’s website
www.aciworldwide.com/. ACI will host a conference call at 8:30 am
ET today to discuss these transactions as well as first quarter
2019 results and full year 2019 and 2020
expectations. Interested persons may access a real-time audio
broadcast of the teleconference at
http://investor.aciworldwide.com/ or use the following numbers for
dial-in participation: US/Canada: (866) 914-7436,
international: +1 (817) 385-9117. Please provide your name,
the conference name ACI Worldwide, Inc. and conference code
1270429. There will be a replay of the call available for two weeks
on (855) 859-2056 for US/Canada callers and +1 (404) 537-3406 for
international participants.
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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ACI Media Relations:Dan Ring+1 (781)
370-3600dan.ring@aciworldwide.com
ACI Investor Relations:John Kraft+1 (239)
403-4627John.kraft@aciworldwide.com
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