Open Account Manager Added to the ACI Global Trade Suite
Tuesday, October 02, 2007
(New York, NY. – 2 October 2007) – ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced that the ACI global trade suite now provides a solution for open account transaction processing to compliment ACI Global Trade Manager for traditional trade finance. One of the world’s largest trade banks has already begun implementation of ACI Global Trade Manager™ and ACI Open Account Manager™ to meet the financing needs of their trade customers worldwide.
Global Trade Manager can be implemented in a hub and spoke model to service branches and customers globally. Branch personnel can request financing on-line on behalf of bank customers, or customers can request financing themselves through the bank’s trade front end. Document images can be uploaded to Global Trade Manager’s regional image hub which automates the routing and workflow associated with the full range of trade transactions. Banks can also electronically image and warehouse all trade documents.
Global Trade Manager supports the full range of traditional trade products such as Letters of Credit and Collections and Guarantees, integrated into ACI’s leading online banking solution Enterprise Banker. In combination with Open Account Manager, it provides the full range of financing needed by today’s corporate clients. Open Account Manager is able to fully support end-to-end processing for open accounts with messaging through SWIFTNet TSU.
“We are very pleased to expand our trade finance product line,” said Ralph Dangelmaier, president of the Americas and Global Wholesale Banking at ACI Worldwide. “Both Global Trade Manager and Open Account Manager are based on the same service oriented architecture and are unique in their ability to offer a sophisticated end-to-end solution for trade processing. We look forward to this implementation.”
About ACI Worldwide
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 84 countries including many of the world's largest financial institutions, retailers and payment processors. Visit ACI Worldwide on the Internet at www.aciworldwide.com.
Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding ACI Worldwide Incorporated, its subsidiaries or third parties’ expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially.
For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K filed on May 11, 2007, the Company’s Form 10-Q for the fiscal quarter ended December 31, 2006 filed on June 29, 2007, the Company’s Form 10-Q for the fiscal quarter ended March 31, 2007 filed on August 10, 2007 and the Company’s Form 10-Q for the fiscal quarter ended June 30, 2007 filed on September 20, 2007.