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Allpago Achieves 150 Percent Growth with ACI Worldwide UP eCommerce Payments

With ACI, Latin America’s largest payment service provider empowers global merchants to offer their solutions with regional payment methods

Monday, August 08, 2016

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NAPLES, FLA—August 8, 2016—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that allpago, the leading payment service provider (PSP) in Latin America, has achieved 150 percent annual growth, in terms of volume of transactions, with ACI. A long-standing ACI customer, allpago enables companies globally to do business and accept payments across Latin America, incorporating locally-preferred credit cards and alternative payment methods via location-based checkout.  

According to eMarketer, Brazil is the only country in Latin America included in the top 10 global retail eCommerce markets—with double digit growth expected through 2018. 

"We are able to achieve a consistently high growth rate in large part because of ACI UP eCommerce Payments. The solution’s reliability, flexibility and scalability give us the ability to quickly and easily offer payment options that merchants and customers want,” said Philipp Bock, CEO, allpago, "Our products and services, coupled with the UP eCommerce Payments solution, provide all variety of payments accepted in countries like Brazil, where our customers can customize their checkout experience based on location through which they significantly increase their revenues.” 

"Merchants often view the complex, country-level payments landscape as a barrier to entry,” said Markus Rinderer, senior vice president, ACI Worldwide. ”By leveraging the UP eCommerce Payments solution, allpago allows merchants with global ambitions to easily offer the necessary local payment methods to their customers, which translates into higher conversion rates and increased sales in growing markets throughout the dynamic Latin America region—and across the globe.”  

The SaaS-based UP eCommerce Payments solution provides payment providers, retailers and eCommerce companies a complete solution with rapid integration, global connections and high-tech real-time fraud prevention. Providing connectivity to more than 350 alternative payment methods and card acquirers in over 160 countries, UP eCommerce Payments empowers merchants and the payment service providers (PSPs) that serve them to capitalize on the $2.2 trillion global eCommerce opportunity by embracing payments innovation.

About allpago

allpago is the leading payment provider for the LATAM region. allpago provides all relevant local payment methods through one API and one single platform. allpago offers the best conversion rates ensuring state-of-the-art technology and legal advice necessary for a successful e-Commerce operation in LATAM.

allpago enables start-ups to Fortune 500 companies to offer the necessary local payment methods in the LATAM market, which account for around 80% of their revenues. Current clients include Art.com, Getty Images, Intel Security McAfee, Paylogic, Sumup, Teamviewer and many other leading payment and digital companies. To learn more about allpago, please visit www.allpago.com

About ACI Worldwide

ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers’ premises or through ACI’s private cloud, we provide real-time, immediate payments capabilities and enable the industry’s most complete omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.

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