ACI Worldwide Announces 2020 Innovation Award Winners, Recognizing Global Digital Payments Innovation
September 14 2020 - 8:00AM
Business Wire
ALTO, The Co-Operative, Everlink, State Bank of
India and Swarthmore College Receive Top Honors
ACI Worldwide (NASDAQ:ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
the winners of the 2020 ACI Innovation Awards. The awards recognize
leading banks, financial intermediaries, merchants and billers
around the world for their innovative use of ACI’s digital payments
portfolio. Winners were selected by a panel of judges composed of
ACI experts and industry analysts from Aite, Celent and Mercator
Advisory Group.
This year’s winners include:
ALTO—a leading national switch in
Indonesia. Alto implemented a robust, flexible, and scalable retail
payments platform enabling rapid time-to-market for innovative
payments services and channels. ACI's Retail Payments solution
allowed ALTO to launch cutting edge payment services quickly and
efficiently, enabling them to be at the forefront of digital
payment services in Indonesia and across the ASEAN region.
The Co-Operative (Co-op)—one of the UK’s largest
convenience food retailers. While many retailers are trying to make
the customer experience as seamless and convenient as possible,
Co-op took this a step further with its innovative Pay-in-Aisle
technology. The app, which integrates with ACI's Omni-Commerce
solution, allows time-pressed customers to scan products on their
own device as they shop—a “frictionless experience.” Co-op is the
first supermarket in the UK where there is no need to queue to
check out.
Everlink Payment Services Inc.—a leading provider of
comprehensive, innovative and integrated payments solutions and
services for credit unions, banks, and SMEs across Canada. Everlink
is perhaps the world’s first financial services provider to deploy
a fraud management machine learning workbench into a production
environment, be trained on modelling and deploy a highly effective
detection model—in a single day, without the need of a data science
team. This innovation has enhanced Everlink’s leadership position
in the intermediary processor market in Canada and helped
strengthen the organization for future payments transformation.
State Bank of India (SBI)—India’s largest bank with more
than 440 million account holders, SBI seamlessly updated and expanded its payment
switching system using ACI’s Retail Payments solution to meet its
requirement of processing over 30 million daily
transactions. SBI embarked on an initiative to modernize its
transaction processing technology, increasing resilience and ensure
future scalability. SBI has implemented enterprise fraud prevention
with ACI’s fraud management solution for debit cards, mobile
banking, internet banking, pre-paid and UPI payments at an enormous
scale rarely seen globally.
Swarthmore College—a highly selective U.S. college of
liberal arts and engineering located outside Philadelphia,
Pennsylvania. Swarthmore wanted to provide a better payment
experience for its students. Through its work with ACI, the college
offers its students (and their families) real-time access to all of
their account information as well as the ability to make payments
through any device. Since its launch, Swarthmore has experienced 95
percent enrollment in its new payments application.
“Innovation is a cornerstone of ACI and something our customers
epitomize. The creative and valuable work these organizations have
undertaken—especially during this challenging time—has not only
allowed them to better compete, but also to better serve their
customers and, in many cases, deliver immediate benefits,” said
Mike Braatz, chief product officer, ACI Worldwide. “This year’s
winners and finalists display an incredible level of innovation and
we are proud to have played a role in helping to bring their
innovations to life.”
For additional information on the Innovation Awards program and
winners, please visit: www.aciworldwide.com/awards.
About ACI Worldwide
ACI Worldwide powers digital 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 bill presentment and payment services. Through our
comprehensive suite of software solutions delivered on customers’
premises, through the public cloud or through ACI’s private cloud,
we provide real-time payment 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. 2020
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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Dan Ring dan.ring@aciworldwide.com 781-370-3600
Nidhi Alberti nidhi.alberti@aciworldwide.com 781-370-3600
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