logo
Nacha Welcomes ACI Worldwide to its Preferred Partner Program

Nacha Welcomes ACI Worldwide to its Preferred Partner Program

Yahoo27-02-2025

RESTON, Va., February 27, 2025--(BUSINESS WIRE)--Nacha's newest Preferred Partner is ACI Worldwide, which joins as a Preferred Partner for ACH Experience/Fraud Monitoring/Risk and Fraud Prevention.
ACI provides software solutions that power intelligent orchestration so banks, billers and merchants can drive growth, and ACI's account-to-account solutions are built specifically for ACH payment systems to support the ability to offer the innovative services today's consumers and businesses expect. With AI-enabled, cutting-edge fraud management, ACI provides precise, actionable intelligence to mitigate threats while reducing operational costs.
"Making the modern ACH Network even easier to use is a key priority at Nacha," said Jane Larimer, Nacha President and CEO. "We are pleased to welcome ACI Worldwide to our select group of Preferred Partners, as they help enhance the ACH Network experience for users."
"Strong industry collaboration is essential to deliver best-in-class payments capabilities and localized customer solutions," said Craig Ramsey, Head of Account-to-Account Payments, ACI Worldwide. "We are thrilled to join this important program to share our global experience with fellow members and collaborate on future payment developments in the U.S."
Learn more about ACI Worldwide at its website, https://www.aciworldwide.com. For details about Nacha's Preferred Partner Program, visit us at https://www.nacha.org/preferred-partners.
About Nacha
Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
About ACI Worldwide
ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250227091698/en/
Contacts
Dan RothNacha571-579-0720media@nacha.org

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ACI Worldwide Appoints Robert Leibrock as Chief Financial Officer
ACI Worldwide Appoints Robert Leibrock as Chief Financial Officer

Business Wire

time9 hours ago

  • Business Wire

ACI Worldwide Appoints Robert Leibrock as Chief Financial Officer

OMAHA, Neb.--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced the appointment of Robert ('Bobby') Leibrock as Chief Financial Officer (CFO), effective July 1, 2025. Mr. Leibrock succeeds Scott Behrens, who is retiring following an exemplary career spanning nearly two decades at ACI. Mr. Leibrock joins ACI from Red Hat, Inc., where he currently serves as Senior Vice President, Chief Operating Officer and CFO. Red Hat is the open hybrid cloud technology leader, supporting transformative IT innovation and AI applications. At Red Hat, Mr. Leibrock successfully guided global financial operations through significant growth and strategic transformation, including initiatives focused on advancing AI capabilities and investments. He previously held senior finance roles at IBM, where he was instrumental in driving meaningful revenue growth through his leadership of financial strategy, operational excellence, and profitability improvement initiatives. 'I am delighted to welcome Bobby to ACI,' said Thomas Warsop, President and CEO of ACI Worldwide. 'His extensive experience leading finance organizations in global, complex environments, particularly in cloud and SaaS-focused businesses, will be invaluable as we continue to execute our growth strategy. His strategic acumen and proven financial expertise position him well to drive our financial discipline and operational excellence.' Warsop continued, 'Scott has skillfully guided ACI's global financial strategies and activities since joining the company in 2007. He's been a strong, steady leader who effectively communicated ACI's financial story and served as a true partner in advancing our transformation into a dynamic and innovative growth company. We are fortunate to draw on Scott's considerable expertise during this transition and extend our deepest gratitude for his significant contributions. We wish him the very best in his well-deserved retirement." 'It has been the greatest privilege of my career to serve as ACI's CFO and lead our talented finance team,' Behrens said. 'Today, ACI is positioned to win, and our financial posture, strategic priorities, and operational execution remain unchanged, underscoring our commitment to continuity and delivering market-leading payment software solutions around the globe. I look forward to working with Bobby and the ACI leadership team for as long as needed to ensure a smooth and orderly transition.' 'I'm excited to join ACI Worldwide at such a pivotal moment in the evolution of payments and real-time technology,' said Leibrock. 'I look forward to partnering with Tom and the talented ACI team to scale innovation, strengthen financial performance, build on our industry leadership, and create lasting value for shareholders.' Company Reaffirms Full-Year 2025 Financial Guidance ACI Worldwide is reaffirming its Q2 and full year 2025 financial guidance as previously communicated, which represents 7% to 9% growth over 2024 on an FX-adjusted basis and is in line with the long-term growth targets ACI discussed at last year's Analyst Day. About Robert ('Bobby') Leibrock Mr. Leibrock joined Red Hat Inc. in 2022 as Senior Vice President and CFO. In this role, he oversaw all strategic finance functions to ensure operational excellence, including: accounting, finance and planning, tax, treasury, sales operations, audit, controls, data & analytics, procurement, and deal management. His role expanded to include the COO title in February 2025. Before joining Red Hat, he spent nearly 20 years at IBM in senior roles across the CFO and Software organizations. He was a pivotal member of the leadership team behind IBM's $34 billion acquisition of Red Hat and played a central role in driving the integration strategy and long-term value creation. Earlier in his IBM career, he held financial leadership positions spanning security and automation software, cloud platform, global technology services, and the mainframe business. Mr. Leibrock holds a bachelor's degree in business administration from University of Connecticut. About ACI Worldwide ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities. © Copyright ACI Worldwide, Inc. 2025 ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution 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. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as 'believes,' 'will,' 'expects,' 'anticipates,' 'intends,' and words and phrases of similar impact. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, but are not limited to, expectations regarding Q2 and full year 2025 financial guidance as previously communicated, which represents 7% to 9% growth over 2024 on an FX-adjusted basis and is in line with the long-term growth targets ACI discussed at last year's Analyst Day. All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. Such factors include, but are not limited to, increased competition, business interruptions, cybersecurity incidents or failure of our information technology and communication systems, security breaches, our ability to attract and retain senior management personnel and skilled technical employees, future acquisitions, strategic partnerships and investments, divestitures and other restructuring activities, implementation and success of our strategy, impact if we convert some or all on-premise licenses from fixed-term to subscription model, anti-takeover provisions, exposure to credit or operating risks arising from certain payment funding methods, loss caused by theft or fraud, customer reluctance to switch to a new vendor, our ability to adequately defend our intellectual property, litigation, consent orders and other compliance agreements, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, events in eastern Europe and the Middle East, adverse changes in the global economy, compliance of our products with applicable legislation, governmental regulations and industry standards, the complexity of our products and services and the risk that they may contain hidden defects, legal and business risks from artificial intelligence technology incorporated into our products, risks to our business from the use of artificial intelligence by our workforce, complex regulations applicable to our payments business, our compliance with privacy and cybersecurity regulations, compliance with requirements of the payment card networks and Nacha, exposure to unknown tax liabilities, changes in tax laws and regulations, consolidations and failures in the financial services industry, volatility in our stock price, demand for our products, failure to obtain renewals of customer contracts or to obtain such renewals on favorable terms, delay or cancellation of customer projects or inaccurate project completion estimates, changes in card association and debit network fees or products, impairment of our goodwill or intangible assets, the accuracy of management's backlog estimates, the cyclical nature of our revenue and earnings and the accuracy of forecasts due to the concentration of revenue-generating activity during the final weeks of each quarter, restrictions and other financial covenants in our debt agreements, our existing levels of debt, incurring additional debt, events outside of our control including natural disasters, wars, and outbreaks of disease, and revenues or revenue mix below expectations. For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.

ACI Worldwide launches new centralised payments hub
ACI Worldwide launches new centralised payments hub

Yahoo

time28-05-2025

  • Yahoo

ACI Worldwide launches new centralised payments hub

ACI Worldwide has unveiled its cloud-native payments hub, ACI Connetic, which integrates several major UK, EU, and global payment networks' capabilities. These capabilities include Swift cross-border payments and real-time gross settlement (RTGS) systems such as Target2, SEPA Instant RT1, and TIPS payments. The move is aimed at streamlining the payment processes for banks and financial institutions by offering a platform that combines account-to-account, card payments, and AI-powered fraud prevention. The company stated that further enhancements to the platform's capabilities are planned. ACI Connetic looks to meet the needs of modern banking, enabling financial institutions of various sizes to adopt a centralised approach to managing all types of payments. The platform is engineered to provide financial institutions with 'scalability' and 'resilience', and the ability to introduce new services to their customers. It features cloud-native architecture, a modular design and open APIs that simplify the integration process with existing systems, reducing the time required to deploy. To facilitate this integration, ACI is collaborating with various global clearing and settlement systems, including the Bank of England, ECB, EBA Clearing, and Stet, as well as Swift, the Federal Reserve, and The Clearing House. The aim is to provide banks around the world with access to a broad range of payment methods through ACI Connetic. ACI Worldwide CEO and president Thomas Warsop said: 'ACI Connetic is not just a new product, it is a new standard for how banks must operate in the digital economy and approach payments transformation. 'Against the backdrop of increasing payments complexity, the rise of new technologies and a shifting regulatory environment, ACI Connetic empowers financial institutions to unlock new revenue opportunities and navigate compliance in order to drive growth and financial inclusion.' ACI Worldwide disclosed a net income of $58.9m for the first quarter of 2025, swinging back to profit from a $7.8m loss reported in the same quarter last year. "ACI Worldwide launches new centralised payments hub " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Kuwait's Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year
Kuwait's Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

Business Wire

time28-05-2025

  • Business Wire

Kuwait's Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

OMAHA, Neb. & KUWAIT CITY--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, and KNET, Kuwait's national electronic banking company, today announced that WAMD, Kuwait's real-time payment system, recorded significant growth in the number of transactions processed since its launch in June of 2024, making WAMD one of the world's most rapidly adopted real-time payment initiatives. KNET utilized ACI's Digital Central Infrastructure solution to build the central payment infrastructure of WAMD, an interoperable, countrywide scheme that enables account-to-account (A2A) payment transfers via a bank's mobile app or internet banking service by using a phone number. WAMD was implemented in less than 15 months, redefining the pace for rapid digital transformation and innovation. Banks in Kuwait have lauded the scheme for delivering a seamless and user-friendly differentiated customer banking experience. With 100% of the country's banks now on board with WAMD, this extraordinary growth in real-time payments is expected to continue. 'As real-time payments become ubiquitous in Kuwait, consumers have gravitated toward secure, real-time payment methods, reshaping habits around convenience and efficiency while reducing reliance on cash. KNET's primary strategic focus is to provide a safe and reliable payment environment by enhancing existing infrastructure, developing innovative payment systems, and improving service efficiency domestically and regionally,' said Esam Alkheshnam, KNET's Chief Executive Officer. Alkheshnam added that 'IPS in Kuwait was given the name 'WAMD,' which translates to lightning flash – an indication of the speed of the service. WAMD, which is available on the banking application of all local banks, has gained traction from the start with one million registered users during the first quarter of the launch of WAMD. 'As soon as we introduced the service to Kuwait, we began outlining the next phase of IPS in Kuwait, which will build on the success of phase one. Together with ACI Worldwide, being one of our strategic partners, KNET is committed to adopting state-of-the-art technologies in digital payments, adhering to the highest global standards.' Aligned with KNET's mission of supporting Kuwait's national vision for digital transformation, longer-term strategic initiatives include the integration of Kuwait's fintech players to WAMD and enabling A2A real-time payments in their Electronic Fund Transfer Point-of-Sale terminals using dynamic QR codes. KNET is also looking at implementing the 'Request to Pay' service to streamline payment operations for web merchants and provide a safer, enhanced e-commerce shopping experience for Kuwaitis. Kuwait's evolution into a real-time payment powerhouse is set to further propel the Middle East's position as a leader in payments modernization. According to ACI's Prime Time for Real-Time 2024 report, which tracks global real-time payment volumes and growth forecasts, the Middle East has been recognized as the fastest-growing real-time payments market in the world for two consecutive years. Additionally, real-time payments are a powerful enabler for economic advancement and inclusion. ACI's Real-Time Payments: Economic Impact and Financial Inclusion report indicates that by 2028, real-time payments are forecast to create more than 167 million new bank account holders and generate $285.8 billion of additional global GDP growth. 'Kuwait's rapid adoption of real-time payments has been impressive and stands out as one of the fastest adoption rates around the globe. The rising demand for real-time payments drives innovation in payments, forges new use cases that stimulate economic growth, promotes financial inclusion, and meets customers' evolving expectations,' commented Craig Ramsey, global head of account-to-account payments at ACI Worldwide. 'Together, ACI and KNET have created one of the most secure and future-proof real-time payment systems in the world – one that puts Kuwait at the forefront of the global real-time payments revolution.' ACI Worldwide has a strong track record of powering real-time schemes around the world as well as helping banks, fintechs and other payment service providers in the ecosystem to connect to the schemes and offer new, innovative financial services for consumers and businesses. ACI currently powers 26 domestic and pan-regional real-time schemes across six continents – including 11 central infrastructures. Globally, ACI serves all 10 of the world's largest financial institutions by asset value and provides solutions that move trillions of dollars through more than one billion transactions daily. About KNET The Shared Electronic Banking Services Company (KNET), a pioneer in electronic payments in Kuwait, was established in 1992 through a partnership of local banks to connect their systems and enable a wide range of banking services through an advanced network. KNET is committed to adopting state-of-the-art technologies in various fields of electronic banking and payments, adhering to the highest global standards. The company's targeted sectors include commercial, banking, and governmental sectors in Kuwait. About ACI Worldwide ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities. © Copyright ACI Worldwide, Inc. 2025 ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution 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.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store