ACI Worldwide Inc. (NASDAQ: ACIW) is a payment systems company headquartered in Naples, Florida. ACI develops a broad line of software products and solutions primarily focused on facilitating real-time electronic payments. These products and services are used globally by banks, financial intermediary--such as third-party electronic payment processors, payment associations, switch interchanges, merchants, and corporates, and a wide range of transaction-generating endpoints, including automated teller machines ("ATM"), merchant point of sale ("POS") terminals , bank branches, mobile phones, tablet computers, corporations, and internet commerce sites.
Video ACI Worldwide
History
ACI was founded in Omaha, Nebraska as Applied Communications Inc in 1975 to develop software for communications applications making use of the new NonStop computers from the then Tandem Computers. The original founders were James Cody, Dave Willadsen, and Dennis Gates. Chuck Hackett, Charly Foglesong, and Mike May began ACI's relationship with Tandem. Many early projects involved building systems to handle ATMs, front ending the bank core banking systems, which led to the launch of the first product, BASE24, in 1982. BASE24 was originally coined by a salesman. The name was meant to represent "Baseline Software for 24 hour-per-day system operations".
Over time BASE24 was expanded to service transactions from other channels such as POS terminals and branch systems. And the product portfolio grew to cover more functions around card transactions such as clearing and settlement and fraud detection. The hardware utilised for these products was also expanded to include suppliers including IBM, HP, Stratus and Sun Microsystems.
In the 1990s ACI's product range was extended to cover wholesale banking payments with solutions for ACH transactions and wire transfers leading to the acquisition of IntraNet in 1998, which expanded the product range with the Money Transfer System product.
Since 1995, ACI has been publicly traded on NASDAQ, initially under the name Transaction Systems Architects (TSA), and since July 2007 under the name ACI Worldwide, Inc. (ACIW). Prior to that ACI had periods under US West and Tandem ownership and as a private company.
In November 2009 it was announced ACI would buy Euronet Essentis to expand card issuing and merchant management capabilities and in March 2011 agreement was reached to acquire ISD Corporation to broaden payment product offerings for retailers.
ACI purchased S1 Corporation in February 2012.
Acquisitions
- August 7, 1998: IntraNet, Inc. was acquired by ACI Worldwide, Inc. IntraNet, Inc. manufactures software systems to facilitate electronic payments.
- January 11, 2001: Transaction System Architects Inc. completed the acquisition of MessagingDirect, for approximately 3.3 million shares of Transaction Systems' Class A Common Stock.
- June 29, 2005: Transaction Systems Architects, Inc. announced the signing of a definitive agreement to acquire substantially all of the assets of S2 Systems.
- October 5, 2005: Transaction Systems Architects, Inc. announced a restructured, highly focused organization, merging ACI, Insession and IntraNet into one operating unit under the ACI Worldwide name.
- August 8, 2006: ACI Worldwide acquired P&H Solutions Inc., provider of a Web-based corporate cash management solution.
- February 7, 2007: Visual WEB Solutions Inc., a financial banking application solutions company was acquired by ACI Worldwide.
- November 17, 2009: ACI bought Euronet Essentis to expand card issuing and merchant management capabilities
- March 21, 2011: ACI Worldwide, Inc. announced that it had acquired ISD Corporation, provider of secure payment management software and solutions for retailers in the U.S. and Canada, to broaden the functionality of its payments solutions for retailers.
- February 13, 2012: ACI Worldwide, Inc. acquired S1 Corporation to broaden its suite of payment offerings for financial organizations, processors and retailers.
- March 11, 2013: Online Resources Corporation, provider of online banking and full service bill pay solutions, was acquired by ACI Worldwide Inc., adding Electronic Bill Presentment and Payment (EBPP) solutions as a strategic part of ACI's Universal Payments portfolio.
- November 5, 2013: ACI Worldwide completed its purchase of Official Payments Holdings, a seller of electronic bill payment technology that processed about 20 million payments, worth more than $9 billion, annually.
- July 21, 2014: ACI Worldwide, Inc. announced a definitive transaction agreement to acquire ReD.
- August 12, 2014: ACI Worldwide, Inc. completed the acquisition of Retail Decisions (ReD),
- November 4, 2015: ACI Worldwide, Inc. completed the acquisition of PAY.ON who provide white-label hosted payment gateway services,
Maps ACI Worldwide
Solutions
- Retail Payments
- Real-time Payments
- Merchant Payments
- Payments Intelligence
- Digital Channels
- Bill Payments
Management
- Philip G. Heasley, President and Chief Executive Officer
- Eve Aretakis, Executive Vice President, Product Development
- Scott Behrens, Senior Executive Vice President, Chief Financial Officer
- Dennis Byrnes, Executive Vice President, Chief Administrative Officer
- Daniel Frate, Group President, ACI On Demand P&L
- David Kuhl, Executive Vice President, Chief Human Resources Officer
- Carolyn Homberger, Group President, Global Sales
- Mandy Killam, Group President, ACI On Premise P&L
- Craig Maki, Executive Vice President, Treasurer and Corporate Development Officer
- David N. Morem, Executive Vice President, Chief Risk Officer
- Craig Saks, Chief Operating Officer
- Tony Scotto, Senior Executive Vice President, Chief of Technology
- Jeremy Wilmot, Executive Vice President, Chief Marketing and Revenue Officer
See also
- List of companies in the United States
- List of S&P 400 companies
- Membership of ATM Industry Association (ATMIA)
References
External links
- ACI Worldwide website
Source of article : Wikipedia
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