ACI Worldwide, CARDNET to Streamline Virtual Payments in Japan

ACI Worldwide (NASDAQ: ACIW), which claims to be the global leader in mission-critical, real-time payments software, recently announced an agreement with Japan’s central domestic payment network, Japan Card Network, Inc, CARDNET, in order “to modernize its digital payments infrastructure.”

The agreement will “see ACI work with CARDNET to provide the latest digital payments technology and next-generation solutions to CARDNET’s customers.”

CARDNET reportedly “processes more than 30 billion domestic payment transactions annually and provides card payment switching services to 106 companies nationwide and over 889,000 point of sale terminals to Japan’s leading merchants.”

The new infrastructure will “enable it to meet growing demand and provide its customers with more sophisticated digital payment services and solutions covering both Japan domestic and international market.”

Leslie Choo, managing director, APAC, ACI Worldwide, said:

“CARDNET has taken a great leap forward in its digital payments journey and we are excited to be part of the drive to modernize its payments architecture and the Japanese payments ecosystem. As Asia’s digital payments networks become increasingly interconnected, having the right technology, collaboration, and shared vision will be key to staying ahead and providing unrivalled customer convenience.”

ACI’s agreement with CARDNET is “the latest in a series of successes across Asia Pacific for ACI as the company continues its growth in the region.”

As noted in the update, ACI Worldwide claims to be “the global leader in mission-critical, real-time payments software.”

Their “proven,” secure and scalable software solutions “enable leading corporations, fintechs, financial disruptors and merchants to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk.”

They combine their global footprint “with a local presence to drive the real-time digital transformation of payments and commerce.”

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