ACI Worldwide Equips Acquirers with Cost-Effective Merchant Management System

Tue Jul 9, 2013 8:00am EDT

* Reuters is not responsible for the content in this press release.

ACI Worldwide Equips Acquirers with Cost-Effective Merchant Management System

ACI Acquirer™ 3.10 reduces IT costs and accelerates time to market through support of standard hardware and SOA business services

ACI Worldwide (NASDAQ: ACIW), a leading international provider of banking and payment systems, announced the availability of ACI Acquirer™ 3.10, the latest version of its comprehensive multi-currency merchant management system. As acquirers struggle to keep up with the high development and maintenance costs needed to run their legacy acquiring systems, ACI Acquirer provides a modern system that supports a range of standard operating systems and delivers reusable, SOA-based business services. Release 3.10 adds support for IBM System p, and opens the use of more than 600 SOA-based business services to UNIX systems.

“Acquirers want to bring new offerings to market quickly, yet are often challenged by limited development resources and escalating maintenance costs. The new features in ACI Acquirer 3.10 continue to put CIOs in control of development and IT costs, freeing them to focus on innovation,” said Jeff Hale, SVP, Retail Payments, ACI. “Designed to be flexible, scalable and efficient, ACI Acquirer empowers organizations to control costs, deliver better service and create new revenue streams through the faster delivery of innovative new products and services.”

ACI Acquirer 3.10 offers the following key new features and benefits:

  • Support for IBM System p: ACI now offers an additional deployment platform option, enabling acquirers with the flexibility to choose the best infrastructure to suit their environments and control infrastructure costs. ACI Acquirer also supports IBM System z and Sun Oracle platforms.
  • SOA-based business services for UNIX: In addition to support on the mainframe, ACI Acquirer now extends support of more than 600 SOA-based business services to UNIX environments. This greatly lowers application development costs and speeds time to market through the re-use of common services such as revenue sharing, Interchange-plus pricing and merchant applications.

“Acquiring organizations around the world face a dramatic increase in the complexity of payment processing,” said Rick Oglesby, Senior Analyst at Aite Group. “Modern, service-oriented architecture is an invaluable asset to CIOs who need to provide a quicker time to market and a reduction in costs when launching new products and updating for rapidly evolving compliance requirements.”

About ACI Acquirer

ACI Acquirer is a scalable and flexible merchant management system that gives acquiring banks control of the merchant accounting and settlement lifecycle. The system stores and manages merchant accounts and their histories. ACI Acquirer calculates and facilitates the collection of merchant service charges and transaction fees. Transactions that are submitted to ACI Acquirer are automatically settled with the merchant, and flexible statement options are provided.

About ACI Worldwide

ACI Worldwide powers electronic payments and banking for more than 2,600 financial institutions, retailers and processors around the world. ACI software enables $13 trillion in payments each day, processing transactions for 14 of the leading retailers globally, 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, trade finance, and electronic bill presentment and payment. 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 Twitter @ACI_Worldwide.

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
Courtney Cydylo, +1-781-370-3697
courtney.cydylo@aciworldwide.com

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.