ACI Worldwide Alleviates Dodd-Frank Compliance Burden for Financial Institutions

Wed Jan 23, 2013 8:00am EST

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Fully-automated solution addresses complex regulatory demands 
NAPLES, Fla.--(Business Wire)--
ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment
systems, announced today its Money Transfer System  is helping financial
institutions achieve Dodd-Frank compliance, well in advance of the original
deadline of February 7, 2013. This regulation, a requirement of the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010, is one of the major
issues facing financial institutions in 2013. 

The company`s industry leading wholesale banking solution, ACI Money Transfer
System, provides customers with a fully automated capability to address the
complex regulatory demands of Dodd-Frank, in addition to other regulations. 

"ACI has a sustained focus on helping our customers meet the increasingly
complex demands of regulatory compliance," said Dan Frate, executive vice
president, global markets and product management. "It is a priority for ACI to
ensure our customers successfully meet regulatory challenges and Dodd-Frank is a
compelling example of the support offered by ACI. By offering comprehensive
solutions to assist with on-going compliance demands, our customers can focus on
more strategic initiatives and rest assured that ACI is effectively managing the
regulatory changes in a timely manner. Simply put, we excel at regulation." 

ACI`s comprehensive approach to Dodd-Frank compliance helps financial
institutions automate:

* The ability to determine the fees associated with a transaction -Money
Transfer System is able to provide fee transparency using existing fee
processing. 
* The delivery of the necessary disclosures to the consumer at the time of the
transaction-Money Transfer System facilitates Dodd-Frank disclosures aligned
with the bank`s standard mechanisms of providing customer disclosures. 
* The ability to automatically manage the required 30 minute transaction
hold-Money Transfer System manages the mandatory wait period in an automated
manner thus eliminating the need for bank personnel to manually oversee this
aspect of the processing

"Dodd-Frank, like many compliance issues, has created a lot of angst in
financial institutions for some time now," said Nancy Atkinson, senior analyst,
Aite Group. "Regulatory bodies are seeking transparency that is not readily
available in how the banking networks operate. The financial institutions which
will be the most successful at addressing this regulation are those that provide
the necessary information in the most automated and least disruptive manner to
their organization." 

About ACI Worldwide

ACI Worldwide powers electronic payments and banking for more than 1,650
financial institutions, retailers and processors around the world. ACI software
enables $12 trillion in payments each day, processing transactions for 14 of the
leading global retailers, and 24 of the world`s 25 largest banks. Through our
integrated suite of software products and hosted services, we deliver a broad
range of solutions for payments processing, card and merchant management, online
banking, mobile, branch and voice banking, fraud detection, and trade finance.
To learn more about ACI and the reasons why our solutions are trusted globally,
please visit www.aciworldwide.com. You can also find us on
www.paymentsinsights.com or on Twitter @ACI_Worldwide. 

© Copyright ACI Worldwide, Inc. 2013. 

ACI, ACI Payment Systems, the ACI logo 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.

ACI Worldwide
Rick Sheehy, 781-370-3643
Richard.Sheehy@aciworldwide.com

Copyright Business Wire 2013

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