ACI Worldwide

RYVYL Reports Record Full Year 2023 Revenue of $65.9 Million, Up 100% Compared to 2022

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Tuesday, March 26, 2024

SAN DIEGO, CA, March 26, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, reported its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Record fourth quarter 2023 and fiscal year 2023 revenue both doubled to $22.3 million and $65.9 million, respectively, over the same time periods in 2022.
2023 FX and International payments had $590 million in business volume, 14% higher than the third quarter 2023.
Q4 2023 North America revenue increased 85% to $16.6 million and international revenue increased 165% to $5.6 million, compared to Q4 2022.
North America revenue increased 71% to $48.9 million and EU revenue increased 294% to $16.9 million, compared to 2022.

ACI Worldwide and Arab Financial Services To Drive Payments Modernization for Banks and Merchants in the Middle East

Retrieved on:

Monday, April 1, 2024

Software, Finance, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Security, AFS, Central bank, ACI, Partnership, Financial services, ACIW, API, Multimedia, ACI Worldwide, Cryptocurrency

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a 10-year strategic partnership with Arab Financial Services (AFS) , the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler.

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ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a 10-year strategic partnership with Arab Financial Services (AFS) , the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler.
This partnership will see them collaboratively drive digital payments modernization for banks, fintechs and merchants across the region.
AFS’ innovative approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-added services.
“Arab Financial Services is thrilled to embark on a strategic partnership with ACI Worldwide," said Samer Soliman, CEO, Arab Financial Services.

With Appointment of Roger Alexander as Advisor, Chargebacks911 Well Placed to Tackle APP Fraud

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Wednesday, March 27, 2024

Chargebacks911 , the leading chargeback technology platform, announced Wednesday the appointment of leading payments industry professional Roger Alexander as Advisor to the Board and CEO.

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Chargebacks911 , the leading chargeback technology platform, announced Wednesday the appointment of leading payments industry professional Roger Alexander as Advisor to the Board and CEO.
As the government looks to address APP fraud and other digital scam tactics, collaboration and innovation from service providers within the payments industry—including Chargebacks911—is desperately needed.
With over 36 years of payments experience, Alexander is poised to address the pressing challenges and opportunities facing the industry today.
"Fraud remains a constant challenge for organisations worldwide, but it also presents opportunities for innovative solutions," Alexander explained.

Gen Z Driving Shift Toward Digital Tax Payments, According to New Report From ACI Worldwide

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Wednesday, March 27, 2024

These behaviors reflect growing mistrust of professional tax institutions and a generational shift toward personal networks and digital payment platforms.

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These behaviors reflect growing mistrust of professional tax institutions and a generational shift toward personal networks and digital payment platforms.
Unlike Baby Boomers, Gen Xers and even Millennials, Gen Z respondents preferred alternative payment methods (10%) and credit cards (17%).
Additionally, Gen Z taxpayers are several times more likely to engage sources outside of professional tax preparers.
“This year's findings highlight a pivotal shift towards digital and alternative payment methods, especially among Gen Z.

Instant Payments To Significantly Boost Finances of Young Adults in Europe

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Sunday, March 17, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, instant payments technology , today revealed striking new data proving instant paymentsii will boost the financial prospects of young adults in the EU.

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ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, instant payments technology , today revealed striking new data proving instant paymentsii will boost the financial prospects of young adults in the EU.
As a result, instant payments as a share of all electronic payments in the EU will increase by 6.1% (from 5% in 2023 to 11.1% in 2028)iii.
ACI Worldwide’s 2023 Prime Time for Real-Time report shows the share of instant payments among electronic payments in the EU is significantly behind Africa, Asia, the Middle East, and Latin America.
Now that instant payments are mandated and expected to grow significantly, young people in the EU will benefit – as will others,” said Craig Ramsey, global head, real-time payments, ACI Worldwide.

ACI Worldwide and comforte AG Pave the Way for Payment Modernization with PCI DSS v4.0 Compliance

Retrieved on:

Monday, March 11, 2024

Under this partnership, ACI will use comforte’s data-centric security solutions, which ACI has rigorously tested to be compatible with ACI’s solutions.

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Under this partnership, ACI will use comforte’s data-centric security solutions, which ACI has rigorously tested to be compatible with ACI’s solutions.
PCI DSS is a global standard that provides a baseline of technical and operational requirements designed to protect sensitive payments data.
Adhering to the new PCI DSS v4.0 standards is not just about compliance but a stride towards payment modernization – offering opportunities for better payment experiences and enabling the adoption of emerging technologies while bolstering protection against cyber threats.
“Market forces and security mandates such as real-time payments and PCI DSS v4.0 are key catalysts for payment modernization, paving the way for growth and innovation across the industry,” said Abe Kuruvilla, Chief Technology Officer of ACI Worldwide.

Altus Group Nominates Thomas Warsop to its Board of Directors

Retrieved on:

Thursday, March 7, 2024

BBA, ACI Worldwide, Intelligence, TSX, Growth, ACIW, Methodist University, Thomas Warsop, Altus Group, Southern Methodist University, Information technology, Fiserv, Electronic Data Systems, Chair, Warsop

TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today the nomination of Thomas Warsop (President and CEO of ACI Worldwide Inc.) to stand for election to its Board of Directors (the “Board”) at its upcoming annual general meeting of shareholders scheduled for May 1, 2024.

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TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today the nomination of Thomas Warsop (President and CEO of ACI Worldwide Inc.) to stand for election to its Board of Directors (the “Board”) at its upcoming annual general meeting of shareholders scheduled for May 1, 2024.
“Tom Warsop is a seasoned technology executive with a proven track record of driving strategic change and growth in companies and sectors undergoing transformation,” said Raymond Mikulich, Chair of Altus Group’s Board of Directors.
He is an accomplished technology sector executive with over 30 years of experience, living and working around the world.
Throughout his career he has led portfolio companies for several leading private equity firms, including One Call Care Management, York Risk Services Group, and The Warranty Group.

Kiwibank Goes Live with ACI Worldwide's Enterprise Payments Platform

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Thursday, March 7, 2024

Professional Services, Payments, Technology, Finance, Software, Banking, Senior, Research, Architecture, ACI, Growth, Economy, ACI Worldwide, Business, Reserve Bank, Partnership, Cryptocurrency

Kiwibank has successfully gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments.

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Kiwibank has successfully gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments.
View the full release here: https://www.businesswire.com/news/home/20240306222382/en/
“Aligned with our vision for transformation and to build a new, modern, flexible tech stack, the ACI Enterprise Payments Platform is vital for future-proofing our payments system.
Future phases of our migration will include moving domestic and international payment functionality out of our old systems and onto ACI Enterprise Payments Platform as well as offering services like real-time payments,” said Stephen.
“The cloud-native managed service Enterprise Payments Platform solution is a transformative move for Kiwibank to leapfrog the competition.

ACI Worldwide Appoints Two New Independent Directors to Board

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Thursday, February 29, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , announced today the appointment of two new independent directors, Katrinka McCallum and Juan Benitez, to the company’s Board of Directors.

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ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , announced today the appointment of two new independent directors, Katrinka McCallum and Juan Benitez, to the company’s Board of Directors.
“We are delighted to welcome Katrinka and Juan to the ACI Board.
They bring considerable leadership experience and success in driving significant growth in the software and payments markets,” said Adalio T. Sanchez, chairman, ACI Worldwide.
“We look forward to the fresh perspectives and contributions that each of them will bring to the company.”
“ACI Worldwide is transforming payment systems through leading-edge technology,” added Thomas Warsop, president and CEO, ACI Worldwide.

ACI Worldwide, Inc. Reports Financial Results for the Quarter and Full Year Ended December 31, 2023

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Thursday, February 29, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , announced financial results today for the quarter and full year ended December 31, 2023.

Key Points:

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , announced financial results today for the quarter and full year ended December 31, 2023.
"2023 was another year of progress for ACI, with steady revenue growth and improving margins,” said Thomas Warsop, president and CEO of ACI Worldwide.
Looking forward, our pipeline is strong, and we are focused and optimistic about our growth acceleration.”
In Q4 2023, revenue was $477 million, up 5% from Q4 2022.
Cash flow from operating activities in Q4 2023 was $86 million, up 107% compared to Q4 2022.