Press release:

ACI Worldwide Teams with Suncorp Bank to Fight Payments Fraud

ACI’s Proactive Risk Manager™ Selected to Combat Cross-Channel Fraud

Tuesday, September 18, 2012

NAPLES, FLA –SEPTEMBER 18,2012—ACI Worldwide (NASDAQ: ACIW), a leading international provider of payments systems, announced today that Suncorp Bank, a division of Suncorp Group of Australia, has implemented ACI Proactive Risk Manager™ 8.0, the company’s comprehensive fraud management solution. A Proactive Risk Manager customer since 2002, Suncorp migrated to the next generation of the solution in order to take advantage of its real-time fraud detection functionality and its ability to integrate, present and enable disposition of fraud alerts from multiple transaction channels in a single system.

Proactive Risk Manager is a payments fraud management solution designed to detect and combat evolving and increasingly sophisticated fraud schemes. It combines predictive analytics with expertly defined rules to enable an accurate, flexible and real-time response to the increasingly complex and dangerous risks presented by fraud and money laundering.

“Protecting the assets our customers entrust to us is one of our most important duties,” said Martin Latimer, Executive Manager Group Financial Crimes, Suncorp. “We know that those who wish to defraud and steal from us are always seeking new and creative methods, and we are determined to do everything we can to prevent that.  By implementing Proactive Risk Manager 8.0, we believe we are better prepared to meet this challenge.”

“Fraud will always be a tremendous risk for financial institutions and could be very costly for those that are not properly prepared,” said Mike Braatz, Senior Vice President, Payments Fraud, ACI Worldwide. “In order to keep up with rapidly changing fraud schemes, financial institutions around the world need to implement solutions which will stand guard every minute of every day and provide the flexibility to keep up with evolving threats. We are happy to continue our partnership with Suncorp in their initiative to expand their successful fraud prevention programs, to cover other channels and ensure the lowest possible risk exposure for their clients.

Proactive Risk Manager is used by more than 160 customers in 44 countries.  ACI ranked in the leader category for financial crimes management by leading industry analyst firm IDC Financial Insights in the recent IDC MarketScape report, Financial Crimes Management 2012 Vendor Assessment.

Press release:

ACI Worldwide Achieves SWIFTReady Accreditation for Fifteenth Consecutive Year

ACI Money Transfer System™ Recognized For Commitment to SWIFT Standards and Practices

Monday, August 20, 2012

NAPLES, FLA –August 20, 2012—ACI Worldwide (NASDAQ: ACIW), a leading international provider of payments systems, announced today that ACI Money Transfer System™ has received the SWIFTReady accreditation for payments for the fifteenth consecutive year. In addition, ACI Global Trade Manager™, formerly known as Open Account Manager™ achieved the SWIFTReady Supply Chain Finance accreditation for the fifth year in a row demonstrating ACI’s commitment to SWIFT’s standards and solutions.

The receipt of the SWIFTReady accreditation for payments recognizes that ACI’s Money Transfer System satisfies SWIFT’s highest requirements for the initiation, generation, processing and settlement of payments. The SWIFTReady Supply Chain Finance label, received by ACI Global Trade Manager, is granted to trade finance applications which support the Trade Services Utility (TSU) messages and workflows.  Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the Bank Payment Obligation or BPO.

“The SWIFT certification demonstrates that an organization meets a level of expertise and excellence,” said Anyal Hozee, Product / Market Manager SWIFT. “We strive to offer a potential customer an impartial evaluation which helps to assure them an independent arbiter has certified the solution meets our standards of quality.  I congratulate ACI for maintaining a high level of quality and excellence for the past 15 years.”

ACI’s Money Transfer System is a multibank and multicurrency global payments and financial messaging engine, which provides continuous processing capabilities directly to SWIFTNet services, as well as multiple real time gross settlement (RTGS) and support for low value networks across the globe.  The system is a single, integrated solution for domestic and international payments processing, which also fully supports processing for transactions under the SEPA Credit Transfer and Direct Debit schemes.

ACI Global Trade Manager is a comprehensive trade finance solution that offers open account transaction processing and supply chain financing services, including online purchase order (PO) issuance, automatic generation of invoices and document matching. It enables financial institutions to align with both their customers and the strategic partners of their customers, to integrate services across the trade value chain. This integration creates closer relationships and increases business opportunities with all aspects of the open account trade process.

“ACI has risen to the top of the wholesale banking field by offering innovative products which meet the needs of our customers and also adhere to the highest industry standards,” said Jonathan Eber, Director & Product Line Manager, Wholesale Payment Engines.  “By achieving the SWIFTReady accreditation for the fifteenth consecutive year with Money Transfer System, ACI continues to demonstrate its commitment to be the premiere payments and financial messaging solution on the market.”

Press release:

ACI Worldwide Delivers Advanced Retailer Payment Solution Allowing Retailers to Integrate Mobile Wallets into Existing Payments Infrastructure

Wednesday, August 15, 2012

NAPLES, FLA. – August 15, 2012 – ACI Worldwide (NASDAQ: ACIW), a leading international provider of payments systems, announced today the availability of Retail Commerce Server™ 5.0, the newest version of the company’s integrated payment solution for acquiring, authenticating, switching and authorizing retailers' financial transactions across multiple channels. Targeted for the U.S. and Mexican markets, the Retail Commerce Server framework quickly and easily integrates with current and emerging mobile wallet provider applications.

“Our retail customers face a rapidly evolving payments environment and ACI is ready to assist them to seamlessly integrate these changes into their current systems,” said Jeffrey Hale, Senior Vice President, Retail Payments, ACI Worldwide.  “The latest version of Retail Commerce Server empowers retailers to meet the growing demand for mobile wallet services with near seamless integration into their existing systems.  It will result in a stronger relationship with the consumer since they will be able to use the payment means of their choice without having to endure service disruptions.”

The updated mobile commerce framework supports the ability to process payments initiated on mobile devices through the retailer’s existing payments infrastructure. Most mobile wallets currently operating are designed to bypass the retailer’s existing payments infrastructure. As a result both internal and external costs are increased and the retailer’s ability to manage the customer relationship is negatively impacted.

By having the transaction flow through the existing infrastructure, retailers will be able to meet consumer needs without introducing any significant changes to their store or headquarter operations. The framework architecture has been designed to quickly and easily integrate with current and emerging mobile wallet provider applications. Retail Commerce Server 5.0 offers a number of other benefits to the customer including:

• Segmented payment data and configuration rules set for retailers with multiple brands - This new multi-tenant feature allows for a single instance of the Retail Commerce Server payment switch while providing the retailer the ability to uniquely customize each banner or franchise’s payment experience as needed. 

• Enhanced interoperability with other transaction types - The integration toolkit (ITK) allows the merchant to integrate their POS application to the Retail Commerce Server payment flow.  The ITK handles the message processing from the point of sale (POS) to the payment switch.   Retail Commerce Server 5.0 extends in-store support for key transaction types such as a credit application, fleet cards, phone card (PH), and Canadian debit transactions

“In this fast changing payment environment, large retailers require both reliability and flexibility,” said George Peabody, Director, Emerging Technologies Advisory Service, Mercator Advisory Group. “They need systems that perform traditional payments functions flawlessly and offer the flexibility to accommodate new payment methods, including mobile wallets, as well as couponing and other incentives approaches. A platform that provides both positions the retailer to deploy new customer-facing services while keeping integration issues to a minimum.”

Visa and MasterCard Investigate Data Breach

Excerpt from an article in

The New York Times

Saturday, March 31, 2012

Visa and MasterCard Investigate Data Breach

By JESSICA SILVER-GREENBERG and NELSON D. SCHWARTZ

Visa and MasterCard are investigating whether a data security breach at one of the main companies that processes transactions improperly exposed private customer information, bank officials said Friday. The event highlighted a crucial vulnerability that could affect millions of credit card holders.

The breach occurred at Global Payments, an Atlanta company that helps Visa and MasterCard process transactions for merchants. One bank executive estimated that about one million to three million accounts could be affected. That does not mean that all those cards were used fraudulently, but that credit card information on the cardholders was exposed.

The bank official, who insisted on anonymity because the inquiry is at an early stage, said that Visa and MasterCard notified his company on Thursday, but that banks had been frustrated with the pace of disclosure by Global Payments. He said that Global Payments, which is one of the biggest transactions processors, had provided little information on where the breaches took place, how accounts were hacked and other details that could indicate which customers might be vulnerable.

Banks said that when they could identify victims, they would notify them and replace credit cards, if necessary.

While far from the largest breach of credit card data in recent years, the latest incident, which is being investigated by major banks and federal authorities as well as the card companies, underscores concerns about the vulnerability of electronic financial data.

ISDA Announces Greece 'Credit Event'

CNBC’s Steve Liesman, Kelly Evans, Bob Pisani & Maria Bartiromo discuss the ISDA announcement that Friday’s Greek bond swap constitutes a “credit event.”

To see the discussion, click the link below:

http://video.cnbc.com/gallery/?video=3000077788