ACI Worldwide Recognized as Best-in-Class in Aite Matrix: The Leading Providers of U.S. Cash Management Technology, 2020
June 10 2020 - 8:00AM
Business Wire
ACI’s cloud-based business banking platform
lauded for robust functionality and payments excellence
In related news, ACI announces appointment of
treasury and payments veteran Charles (Chuck) Garcia as wholesale
banking executive
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced that it has been named
Best-in-Class in the Aite Matrix: The Leading Providers of U.S.
Cash Management Technology, 2020.
The Aite Matrix is a proprietary vendor assessment framework
that evaluates the overall competitive position of vendors. This
Aite Matrix evaluated nine leading cash management platform
providers focusing on four key components including stability,
client strength, product features and client services, and
highlighting three types of vendor groupings, including
Best-in-Class, Contenders and Incumbent or Emerging. ACI was
selected as a Best-in-Class vendor, lauded for its robust
functionality and payments excellence.
The Aite Matrix recognized ACI and Universal Online Banker—its
award-winning digital business banking platform—for being fully
API-enabled and highly configurable and offering high levels of
usability, robust functionality and API breadth beyond those of
most of its primary competitors. It also highlighted Universal
Online Banker’s strong enhancements to UI, platform intuitiveness
and broadening of the customer experience beyond just cash
management. As noted in the Aite Matrix, “this solution enables
personalized experiences aligned with banks’ persona-based
strategies and addresses unique and challenging requirements in key
verticals such as property management, inventory management, and
municipalities.”
“Today’s corporate and commercial bank customers require robust
real-time capabilities that enable them to efficiently initiate
payments, collect money owed, and manage their financial positions
and operations as effectively as possible,” said Christine Barry,
research director, Aite Group. “Doing so also requires automated
onboarding for new products, digital guidance, and actionable
insights and data from their banks, rich reporting, granular
entitlements, and seamless integration with both their own systems
and those of important fintech partners.”
“ACI is proud to be recognized among the Best-in-Class vendors
in Aite Group’s Cash Management benchmark report,” said Jim
Gillespie, Head of Digital Channels, ACI Worldwide. “The cash
management market continues to evolve, and as Aite Group has noted,
‘today’s corporate and commercial bank customers require robust
real-time capabilities.’ We have the team and the technology
helping these banks address market needs and ultimately succeed in
this changing market.”
ACI’s Universal Online Banker provides banks with the
opportunity to offer numerous additional features and services to
their commercial and business banking customers. The cloud-based
solution incorporates industry-leading security and includes an
extensive library of APIs. Ease of access through mobile, tablets
and desktops allows banking customers to manage their cash
management position wherever and whenever they want.
In related news, ACI today announced the appointment of treasury
and payments veteran Charles (Chuck) Garcia as wholesale banking
executive. Garcia brings three decades of financial services
leadership experience with organizations such as JP Morgan Chase.
Garcia also served as a member of the board of directors for
NACHA—the Electronic Payments Association. He previously led
commercial and treasury services for Associated Bank, a leading
Midwest-based bank, and held executive roles at other leading
regional banks in the U.S.
“We’re excited to welcome Chuck to ACI. His deep background in
commercial, treasury and digital banking, combined with his
extensive industry knowledge, will greatly benefit our digital
banking customers,” said Jeremy Wilmot, group president, Banks
& Intermediaries, ACI Worldwide. “Chuck’s appointment
underscores ACI’s continued commitment to providing market-leading
digital solutions to the U.S. banking segment.”
For more information on Universal Online Banker, visit:
https://www.aciworldwide.com/products/universal-online-banker.
About ACI Worldwide ACI Worldwide, the Universal Payments
(UP) company, powers electronic payments for more than 6,000
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 p. You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2020. ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP
logo, ReD, PAY.ON and all ACI product 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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Dan Ring dan.ring@aciworldwide.com 781-370-3600
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