ACI Announces New Customers Upgrades and Contract Extensions in Wholesale Banking
Monday, April 16, 2007
(Omaha, Neb. – 16 April 2007) – ACI Worldwide (NASDAQ: TSAI), a leading international provider of software for electronic payment systems, today announced a series of customer agreements that demonstrate momentum in the wholesale banking business. These include a combination of new customers, existing customers licensing capacity upgrades, and customers migrating to the newest versions of ACI software to take advantage of the latest functionality.
To date, more than 25 banks have committed to version 7.3j of ACI Enterprise Banker™ and five customers have already implemented the new release. Two financial institutions that today use Enterprise Banker to offer Web-based services to their corporate clients and one new bank have committed to moving their consumer banking service to the Enterprise Banker platform. This will allow the banks to consolidate online banking in a single, integrated system that can be tailored to the unique needs of customer segments and even individual corporate clients.
Three banks recently selected the ACI Money Transfer System™ for high value payments and switching. These include two U.S. banks, where ACI software will replace competitors’ systems, and a leading financial institution in the United Kingdom. Six additional customers have recently contracted for additional capacity to process payments, reflecting their growing reliance on ACI software as their business expands. In the U.S., the Money Transfer System is used by 15 of the country's top 25 banks for high-value and bulk payments processing and as a hub for payment switching.
ACI is providing software to five UK banks to participate in the Faster Payments initiative, converging retail and wholesale payment functions into an integrated system supported by the Money Transfer System in concert with ACI's BASE24-eps™ software.
ACI recently added several new customers through the acquisition of Visual Web Solutions, Inc., which brings a global cash management and an end-to-end solution for trade finance that ACI is now making available worldwide. This brings the total number of customers using ACI solutions for wholesale payments to over 110 financial institutions around the world.
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Every second of every day, ACI solutions are at work processing electronic payments, managing risk, automating back office systems, and providing application infrastructure services. Founded in 1975, ACI is a leading international provider of solutions for retail banking, wholesale banking, and cross-industry systems. ACI serves more than 800 customers in 83 countries including many of the world's largest financial institutions, retailers, and payment processors. Visit ACI Worldwide on the Internet at www.aciworldwide.com.
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