ACI Worldwide (NASDAQ: ACIW), a global enabler of mission-critical, real-time payments software, announced that a UK retailer Co-op has successfully moved its full stack of payments and fraud prevention technology software into ACI’s multi-tenant cloud platform hosted in Microsoft Azure.
As a strategic technology partner of ACI Worldwide, Co-op uses “the full range of solutions offered by ACI’s Payments Orchestration Platform, including in-store, online and mobile payments processing and end-to-end payments and fraud management.”
Moving its payments software into the cloud will enable Co-op to “operate more efficiently, providing scalability, security and enhanced data protection.”
The migration, which has been “completed successfully, follows ACI’s announcement of an expanded multi-year strategic alliance with Microsoft to deliver payments solutions in the cloud.”
ACI’s relationship with Microsoft also “supports ACI’s AI-powered anti-fraud processing model, featuring patented, proprietary incremental learning technology that allows clients to run payments operations securely and with high resiliency, all while protecting transactions and customers’ privacy.”
Paul Fletcher, Principal Solution Architect, Co-op Group, said:
“We are extremely happy about the successful completion of this very challenging and complex project, for which ACI’s support and expertise has been invaluable. We are always looking for new ways to meet the needs of our member-owners and customers with the security of data paramount in our approach. The nature of the technology means we’ll be able to do things faster and more efficiently, and deliver new, seamless and secure payments experiences to our customers.”
Scotty Perkins, Head of Product Management Innovation and Modernization, ACI Worldwide, said:
“Our alliance with Microsoft has accelerated and expanded ACI’s cloud payments offerings in Microsoft Azure. Co-op is a great example of how ACI’s flexibility, proven technology and global expertise can help merchants and financial institutions meet the increasing demands of digital transformation as they increasingly embrace more efficient business and operating models.”
As covered, ACI Worldwide is a global firm focused on “mission-critical, real-time payments software.”
Their secure and scalable software solutions “enable leading corporations, fintechs and financial disruptors 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.”
