ACI Worldwide: Software & Service For Financial Institutions
ACI Worldwide, Inc. was founded in 1993 and was formerly known as Transaction Systems Architects, Inc. It changed to its present name in July 2001; ACI is headquartered in Naples, Florida.
The firm develops, markets, installs and supports software products and services for facilitating electronic payments worldwide. As stated by the firm, they are a universal payments company, that powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors globally. ACI software processes $13 trillion in payments and securities transactions for more than 250 of the leading global retailer, and 21of the world’s 25 largest banks.
The firm provides products and services covering various domains, including online banking and cash management that manages payments and cash flows through the online or mobile channel; managing and processing monetary, non monetary, sales, and account origination financial transactions. It also manages trade related transaction types.
ACI’s products also covers various domains within the payments and banking marketplace, such as community financial services, including online and mobile banking and payment systems, and security solutions; software to support in house issuance of payment instruments and management of a consumer payment from transaction acquiring to settlement. It also offers wholesale banking payments that manage corporate payments and messages through their lifecycle; and merchant retail, which manages a consumer payment within a merchant retailer and supporting services.
Aside from this its products cover payment fraud management, which secure payments against fraud and money laundering; and payment infrastructure to operate and optimize the payments system. In addition, ACI provides bills presentment and payment collection services to tax authorities, higher education, utilities and health care providers, as well as provides implementation, product support, technical, educational, testing, expert consultancy, and facilities management services. The company sells its products under the ACI Worldwide and ACI Payment Systems brands. It caters to financial institutions, including national, regional, and global banks, as well as community banks and credit unions; e-payment processors; retailers; and billers.