ACI Worldwide Joins the Fuels Institute
August 17 2021 - 8:00AM
Business Wire
As a member of the Institute’s Electric
Vehicle Council, ACI to contribute payments insights to rapidly
growing EV market
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
it has joined the Fuels Institute, a nonprofit dedicated to
evaluating issues affecting the vehicles and fuels markets. The
Fuels Institute was founded by NACS, the leading global trade
association dedicated to advancing convenience and fuel
retailing.
ACI has also become part of the Institute’s Electric Vehicle
(EV) Council. As the U.S. sees greater EV adoption, the EV Council
is helping all participants in this ecosystem prepare for the surge
in electric fuel.
ACI serves some of the country’s largest and most innovative
fuel and convenience merchants, which utilize ACI Omni-Commerce, a
secure, flexible omni-channel payments solution that allows them to
enable new consumer journeys and payment experiences, while
controlling costs and improving security.
“We are excited to welcome a global payments leader like ACI to
the Fuels Institute,” said John Eichberger, executive director,
Fuels Institute. “As EV infrastructure expands and hundreds of
thousands of EV charging stations expect to deploy across the
country, payments are a critically important factor for retailers,
and organizations like ACI will help ready the industry for this
evolution.”
“ACI delivers merchants a hassle-free fueling and convenience
experience with instant, secure in-store, mobile and
pay-at-the-pump payment options,” said Debbie Guerra, executive
vice president, ACI Worldwide. “As the EV market continues its
rapid ascent, merchants will see greater opportunities for growth
in the form of additional consumer purchases. We have a long and
successful track record serving the fuel industry, and we look
forward to joining the Fuels Institute—alongside many of our
customers and partners—contributing our insights and
expertise.”
While there is growing demand, mass EV adoption will occur as
advancements in capacity and infrastructure are made.
- Drivers require a network of convenient quick-charge stations,
and while there are approximately 41,400 EV charging stations in
the U.S., less than 5,000 are quick-charge stations (Department of
Energy).
- The presidential administration is prioritizing a national EV
charging network, promising to have at least 500,000 devices
installed across the U.S. by 2030. Many fuel and convenience
merchants have plans in place to be part of this network, already
installing charging stations in early adoption areas. Recently,
7-Eleven announced plans to install 500 EV charging ports at 250
locations by the end of 2022.
- Seven percent of U.S. adults indicated they currently drive an
EV or hybrid vehicle, and thirty-nine percent said they were at
least somewhat likely to purchase an EV for their next car (Pew
Research Center survey).
For additional insights into solutions and strategies for fuel
and convenience merchants, please read our latest research paper:
https://go.aciworldwide.com/MercatorPaper.html.
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 Dan Ring dan.ring@aciworldwide.com 781-370-3600
Nidhi Alberti nidhi.alberti@aciworldwide.com 781-370-3600
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