22 September 2017
Visit http://response.ncr.com

ACI teams with Fineac for French JV

30 November 2005  |  5175 views  |  0 global_5

ACI Worldwide is teaming with French e-payments vendor Fineac to form a joint venture that will provide technology and support services to financial services firms in France.

France-based Fineac provides payments technology and services to banks across the country via its EAC Corporation subsidiary.

Under the deal ACI Worldwide France will hold a 51% stake in the venture - which will be called ACI Monetique - while Fineac will hold the remaining 49%. Financial terms of the deal were not disclosed.

Erroll Williamson, who is currently vice president of software and services at ACI Worldwide Emea, will become president of the new unit. Gerald Fay, director of services for EAC Corporation, will be appointed general manager of ACI Monetique.

Commenting on the deal, Williamson says France is a key strategic market and represents one of the largest business growth opportunities for ACI.

"In order to effectively react to the changing requirements driven by Sepa and by structural changes in the French payment processing market, we need to proactively seek out local business partners and opportunities," he adds.

ACI says its existing French subsidiary, ACI Worldwide France, will also continue to market and sell its technology to the local market.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Italy's Setefi signs for ACI card fraud detection software

Italy's Setefi signs for ACI card fraud detection software

28 October 2005  |  9770 views  |  0 comments
ING Direct rolls out ACI fraud detection kit

ING Direct rolls out ACI fraud detection kit

18 August 2005  |  7736 views  |  0 comments
Ethiopia's Dashen Bank selects ACI technology for Visa card launch

Ethiopia's Dashen Bank selects ACI technology for Visa card launch

01 June 2005  |  6271 views  |  0 comments
ACI signs Abu Dhabi Commercial Bank to Base24-es platform

ACI signs Abu Dhabi Commercial Bank to Base24-es platform

05 January 2005  |  5795 views  |  0 comments

Related company news

 

Related company information

ACI Worldwide

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12746 views comments | 26 tweets | 42 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9577 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8278 views comments | 18 tweets | 27 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8064 views comments | 13 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7671 views comments | 16 tweets | 1 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job