Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, today announced new mobile
wallet payment and loyalty capabilities. Now part of ACI’s UP portfolio,
the new capabilities allow consumers to view bills from their Apple
Wallet or Google Pay and make payments from their smartphones.
ACI unveiled these new capabilities in conjunction with its acquisition
of Speedpay from Western Union, which will be completed today. They are
the result of today’s acquisition by ACI of Western Union’s Walletron
business, which develops next-generation mobile wallet offerings. These
new capabilities further strengthen ACI’s leadership position within the
bill pay and presentment (EBPP) market.
Walletron, which is used by more than 6 million consumers in more than
100 countries, delivers patented mobile wallet technology for iOS
through Apple Wallet and for Android through Google Pay. Its network of
billing and payment partners manages more than 12 billion bills. In
October 2018, ACI and Walletron announced a strategic relationship
enabling ACI’s clients to enhance their customer experience by offering
consumers the ability to view bills from the wallet feature on their
smartphones and make quicker payments – within two clicks – using ACI’s
market-leading UP Bill
Payment solution. Walletron also powers the mobile bill presentment
experience for several Speedpay customers.
“Today’s consumers expect a bill pay experience that is quick, easy and
digitized, and with billing and payment among an organization’s most
frequent and most important touchpoints, customer experience is
paramount,” said Sanjay Gupta, executive vice president, ACI Worldwide.
“As more consumers utilize mobile devices to view and pay bills,
organizations must be able to present bills in a mobile-friendly way.
The combination of ACI’s bill payments platform and Walletron’s
next-generation mobile wallet billing technology delivers consumers a
digital bill pay experience unmatched in the industry. We are excited to
welcome the Walletron team as we shape the future of bill pay.”
Walletron’s patented digital engagement technology – moBills® – enables
organizations to place bills, invoices, statements, compliance documents
and other notifications directly into consumers’ hands through their
mobile wallets native to both Android and Apple devices. This results in
organizations being able to increase their mobile channel effectiveness
by linking consumers to other valuable products, services and programs
directly from their bills.
The financial details of the Walletron acquisition were not disclosed;
the acquisition is not expected to be financially material to ACI.
In separate press releases issued today, ACI announced the completion of
its acquisition of Speedpay, Western Union’s United States bill pay
business, as well as first quarter 2019 financial results. The press
releases are available on ACI’s website www.aciworldwide.com/.
ACI will host a conference call at 8:30 am ET today to discuss these
transactions as well as first quarter 2019 results and full year 2019
and 2020 expectations. Interested persons may access a real-time audio
broadcast of the teleconference at http://investor.aciworldwide.com/
or use the following numbers for dial-in participation: US/Canada: (866)
914-7436, international: +1 (817) 385-9117. Please provide your name,
the conference name ACI Worldwide, Inc. and conference code 1270429.
There will be a replay of the call available for two weeks on (855)
859-2056 for US/Canada callers and +1 (404) 537-3406 for international
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment services. Through our comprehensive
suite of software solutions delivered on customers’ premises or through
cloud, we provide real-time, immediate
payments capabilities and enable the industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2019
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