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ACI Recognized as Industry Leader in Ovum’s Payment Switching Vendor Assessment
|By Business Wire
|January 24, 2014 08:34 AM EST
Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment and banking systems, announced today that it has been
recognized as an industry leader by Ovum, an independent research firm,
in its new report, “Ovum
Decision Matrix: Selecting an Electronic Retail Payment Switch Platform.”
The report examines software solutions for payment switching.
As noted in the report, “financial institutions are struggling to cope
with burdensome regulations, reduced revenues and new competitors.
Across the globe, financial institutions and processors are looking for
partners that excel in application development, have implementation
expertise and provide a robust set of capabilities to help ease the
pressures on them.”
“ACI’s BASE24-eps and Postilion platforms both offer a high degree of
reliability and crucially, configurability,” said Gilles Ubaghs, senior
analyst, financial services technology, Ovum. “This makes these
platforms both more flexible to new payment innovations and more
adaptable to a rapidly shifting payments landscape.”
Ovum positioned ACI’s retail
banking solution, BASE24-eps, as a leader and stated “ACI BASE24-eps
scored very highly across nearly every subcategory within Ovum’s
decision matrix. It is the next generation of the still dominant BASE24
Ovum has also positioned ACI’s Postilion solution as a leader, noting
“now that it has the added resources and support of ACI, Postilion is
well placed to expand its functional features through the added
resources of ACI’s extensive R&D activities and wider support services.”
“Customers have benefited from using our retail payment solutions to get
to market faster, increase revenues, improve compliance and enhance
overall payments productivity, and Ovum’s ranking is testament to that,”
said Jeff Hale, senior vice president, retail payments, ACI Worldwide.
“We are honored to have both BASE24-eps and Postilion recognized as
leaders. This shows we are providing customers with functionally rich,
flexible and scalable solutions to meet their payment processing needs.”
To download a complimentary copy of the report, please click here
or visit http://update.aciworldwide.com/OvumMatrix.
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 5,000
financial institutions, retailers, billers and processors around the
world. ACI software enables $13 trillion in payments each day,
processing transactions for more than 250 of the leading global
retailers, and 21 of the world’s 25 largest banks. Through our
comprehensive suite of software products and hosted services, we deliver
a broad range of solutions for payments processing; card and merchant
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2014.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
parties’ trademarks referenced are the property of their respective
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI’s sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing
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