|By Business Wire||
|January 24, 2014 08:34 AM EST||
ACI 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 classic platform.”
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.”
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 management; online 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 owners.
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 decision.
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service.
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