ACI Worldwide Powers Payments Innovation for KNET
May 11 2021 - 3:00AM
Business Wire
National Kuwaiti Banking Company (KNET)
utilizes ACI Enterprise Payments Platform to introduce new
innovative, digital payments services for its banking customers
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced that it has expanded its
partnership with KNET, Kuwait’s national electronic banking
company, to launch a number of new and innovative digital payment
services to support its customers during the COVID-19 pandemic.
KNET, a long-standing ACI customer, offers end-to-end payment
solutions for all financial institutions in Kuwait. With the help
of ACI Enterprise Payments Platform, KNET last year launched its
hugely popular 3edeti service, which provides users with the
ability to send Eidia electronically to any mobile number
registered in Kuwait.
Eidia are electronic gift vouchers that can be sent as gifts to
family members during the festival of Eid, one of the most
important festivals in the Muslim calendar in which large amounts
of cash are traditionally exchanged between family members. The
service enables sending Eidia electronically and instantly, and
will be available 24/7 during the upcoming Eid Al-Fitr holiday. It
offers additional benefits such as cash back and exclusive offers
from participating merchants.
“Like many financial institutions around the world, the pandemic
has forced us to accelerate innovation and offer new digital
payment products and services to our customers,” said Khaled Bu
Abbas, application development manager, KNET. “Utilizing the ACI
Enterprise Payments Platform has helped us to rise to this
challenge. It has empowered us to develop new services with a fast
time to market and will future-proof our business.”
“The pandemic has cast a spotlight on the need for a robust
digital payments infrastructure and financial institutions need to
move quickly to succeed in this challenging and dynamic
environment, without compromising the security and resilience of
their core banking systems,” said Santhosh Rao, vice president,
MEASA, ACI Worldwide. “Continuing its long-standing cooperation
with ACI, KNET will be strongly placed to meet the changing needs
of its customer base and to rapidly respond to shifting trends,
regulatory mandates and new competition.”
The ACI Enterprise Payments Platform is a sophisticated
enterprise payments solution for acquiring and authorizing
transactions across all digital payment channels. It is built on
open service-oriented architecture for robust payments
orchestration. The solution delivers 24x7 secure payment
capabilities and is currently used by 19 of the world’s top 20
banks.
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.
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Katrin Boettger katrin.boettger@aciworldwide.com Phone: 0044
(0)7776 147 910
Dan Ring dan.ring@aciworldwide.com Phone: 781-370-3600
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