The Bank of New York Mellon Implements ACI Global Payments Hub
Wednesday, October 03, 2007
(New York, NY – 03 October 2007) – ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced that The Bank of New York Mellon has implemented a global wholesale payments hub from ACI as the bank’s global clearing and settlement connection. The bank is leveraging the ACI Money Transfer System™ for SWIFT, The Clearing House Interbank Payments System (CHIPS) processing and as an interface to the U.S. Federal Reserve Bank Fedwire system. The bank is one of the first large banks to connect to CHIPS via its new, private IP network protocol. Future phases will interface to additional central banking systems, messaging systems, net settlement systems and clearing houses, such as Fed Book Entry Securities and Telex. In addition, the bank is leveraging the scalability of ACI’s solution to centrally manage large-scale liquidity transactions and enhance monitoring capabilities.
The ACI Global Payments Hub provides a consolidated, enterprise payments solution for internal and external financial message switching. The solution is a gateway to various financial networks such as SWIFT, telex, and a number of real time gross settlement (RTGS) systems. By replacing several messaging gateways with a single message hub, the bank will achieve greater efficiencies and consistency across all operations and products.
The Bank of New York Mellon is an acknowledged global leader in providing securities services that enable some of the world’s largest and most sophisticated institutions to move and manage their financial assets in more than 100 markets worldwide. The ACI payments hub supports these critical missions by offering the bank a solution that combines comprehensive functionality with financial messaging, payment processing and liquidity management capabilities.
"We welcome The Bank of New York Mellon to our list of leading financial institutions leveraging the comprehensive functionality of ACI’s world-class payments software," said Ralph Dangelmaier, president of the ACI Worldwide Americas. This is one of many implementations of the ACI payments hub worldwide, and is further testament to our 30 years of proven experience and expertise in developing and delivering business-critical banking systems."
About The Bank of New York Mellon
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at www.bnymellon.com.
About ACI Worldwide, Inc.
Every second of every day, ACI Worldwide solutions are at work processing electronic payments, managing risk, automating back office systems and providing application infrastructure services. ACI is a leading international provider of solutions for banking, retail 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 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.