ACI Worldwide Honored with Product Leadership Award from Frost & Sullivan for Real-Time Payments
April 06 2021 - 7:57AM
Business Wire
Company recognized for delivering real-time
payments product flexibility, reliability and overall quality
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
that global consultancy Frost & Sullivan has honored the
company with the Product Leadership Award for Real-Time
Payments.
Frost & Sullivan’s Product Leadership Award recognizes
organizations offering a product or solution with attributes that
deliver the best quality, reliability, and performance in the
industry. The consultancy identifies multiple strategic imperatives
for successful solutions providers, including strategic
implementation, adherence to various regulations worldwide,
seamless customer service, the ability to support multiple payment
schemes, and agility.
According to Frost & Sullivan, “ACI successfully navigates
the complex industry landscape, leveraging more than four decades
of market tenure to secure its future as a leading real-time
payments provider. Through continuous product development,
strategic market maneuvering, and adaptability, ACI has built a
strong foundation while delivering unmatched value to its global
client base.” Frost & Sullivan also highlights ACI’s agility,
stating “the payments industry requires market participants to be
agile and flexible. ACI exemplifies these qualities through its
ability to adjust to clients’ needs quickly and seamlessly.”
“2020 was a year that challenged banks and financial
institutions to adapt to market changes very quickly, and ACI’s
customers were able to make efficient and correct decisions to meet
the challenge,” said Vikrant Gandhi, senior industry director,
Frost & Sullivan. “ACI stepped up to the test amidst the
COVID-19 pandemic, impressing Frost & Sullivan with its product
flexibility, reliability, and overall quality. Frost & Sullivan
continues to be impressed by ACI’s efforts to build on this
foundation.”
“We are proud to be recognized by Frost & Sullivan for
real-time payments product leadership,” said Craig Ramsey, head of
real-time payments, ACI Worldwide. “We were among the first to
recognize the tremendous value of real-time payments, and as we see
more governments, banks, merchants, billers, and consumers
recognize its value, they are turning to us for both our
industry-leading solutions and our extensive global and local
expertise.”
ACI currently supports 18 real-time domestic schemes around the
world, including Zelle and TCH in the U.S. Approximately 50 percent
of the UK’s Faster Payments and 75 percent of Hungary’s AFR
transactions are processed through the ACI Low Value Real-Time
Payments solution. The ACI Low Value Real-Time Payments solution is
also the core processing infrastructure for Malaysia’s Real-Time
Retail Payments Platform (RPP). Additionally, ACI has customers
using its solution to access Singapore FAST and the Australian NPP
(New Payments Platform).
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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Media Contacts Dan Ring dan.ring@aciworldwide.com
781-370-3600
Nidhi Alberti nidhi.alberti@aciworldwide.com 781-370-3600
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