ACI Worldwide (NASDAQ:ACIW), a leading international provider of payment systems, announced today the appointment of Daniel Frate as EVP, Global Markets and Product Management.
Mr. Frate brings more than twenty five years of payments experience to this new role, having most recently served as Executive Vice President and Head of Products and Pricing at PNC Bank. Building on ACI's product leadership position, Mr. Frate will be charged with delivering customer satisfaction through tight alignment of product roadmaps with market needs. Mr. Frate will be based out of the company's Naples, Florida headquarters.
"Dan has a keen appreciation of the customer's perspective and is an excellent addition to the executive team," said Philip Heasley, President and CEO, ACI Worldwide. "With oversight of the sales and services functions as well as product management, Dan will ensure that we continue to meet our customers' needs by delivering market-leading solutions."
David Morem, currently EVP, Global Products and a senior ACI executive since 2006, will transition to the role of EVP, Global Maintenance. He will lead the product maintenance and customer support operations for the company, and will be responsible for delivering world class support for all ACI products, a key aspect of the company's priority on customer satisfaction.
"Dave's team of payments experts are dedicated to ensuring the long-term success of customer deployments," said Mr. Heasley. "Unique in the payments marketplace, ACI supports customers for the lifetime of their applications, which includes investments in ongoing maintenance and mandates updates for all ACI products."
The company also announced today that Ralph Dangelmaier, Executive Vice President, Global Markets, will be leaving ACI to head a privately-held company. Mr. Dangelmaier joined ACI through its 2006 acquisition of P&H Solutions.
"I would like to thank Ralph for his dedication and tireless commitment to ACI," said Mr. Heasley. "He has built a robust team that will continue to lead the payments marketplace."