ACI Worldwide and Srs Llc Form Strategic Alliance
Monday, January 14, 2008
(Omaha, Neb. — 14 January 2008) — ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced a strategic alliance with Simply Retail Solutions (SRS), LLC. The agreement allows ACI and SRS to combine and market their retail payment suites to deliver a more complete solution that will address all points within payment initiation and payment switching. The SRS Multi-Channel Product Suite manages a retailer’s entire portfolio of sales transaction solutions and facilitates exposure of information across channels for everything related to customers and inventory. The ACI Retail Commerce Server™ suite of solutions allows merchant retailers to tailor their payment acceptance strategy to maximize profits, manage transaction fees and optimize the customer purchase experience. Together these products will offer mutual customers a proven end-to-end retail payment solution.
Based on IBM’s WebSphere Commerce platform, SRS Multi-Channel Product Suite provides a focal point for all transaction processing at the point of sale. Multi-Channel Enterprise provides this core engine for a retail system, seamlessly integrating all retail payment channels and enabling true multi-channel retailing. The product also provides a real-time centralized information hub which manages all information related to the sale, gathered from systems across all retail channels. Retail Commerce Server will act as the payment switch to acquire, route and authorize the payments portion of the transactions providing a fast, convenient and cost-effective method for processing a wide variety of electronic payment options. The solution can be tailored to help retailers achieve their business objectives from the point of transaction initiation to real-time processing to back-office collections.
“We are excited about the opportunities this partnership with SRS provides,” said Ann Cunningham, director of Americas marketing at ACI Worldwide. “By collaborating with SRS and the SRS Multi-Channel Product Suite, ACI can better serve retail customers seeking an end-to-end retail payments solution.”
“We look forward to working with an experienced, market-leading company like ACI,” said Paul McFarren, chief operating officer of SRS. “Retail Commerce Server is a proven, respected solution that complements SRS Multi-Channel Product Suite to give retailers a more complete solution.”
About Simply Retail Solutions, LLC
The management team at SRS has more than 50 years of combined experience in the specialty retail market. SRS understands the complexities that retailers face today in the various retail environments. The SRS mission is to deliver innovative solutions that enable retailers to provide their customers with a best-in-class shopping experience while building brand loyalty and operating efficiently. Visit Simply Retail Solutions at www.srsretail.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.