ACI Worldwide (Nasdaq: ACIW), a leading international provider of payment systems, today announced that it has signed a teaming agreement in India with Tata Consultancy Services (TCS) a leading IT services, consulting and business solutions firm.
This agreement will leverage the TCS Centre of Excellence in Payments to deliver financial institutions and processors with the best combination of payments products and services to meet their specific needs. ACI Worldwide provides payments solutions for 15 Indian financial institutions, providing functions such as authentication, authorization, routing, settlement, device driving, merchant acquiring and fraud detection.
TCS works with more than 20 financial institutions in India and has extensive experience implementing and supporting payment systems. This teaming agreement gives organizations the option of working with a service provider with whom they may have already worked, when deploying payment systems from ACI Worldwide.
Jeremy Wilmot, president of Asia Pacific at ACI Worldwide said, "India is one of the most forward-thinking nations when it comes to developing electronic payments, and ACI is proud to play a vital role in that growth. The agreement with TCS will provide additional payments expertise and resources to our 250 employees in the country, and ensure our customers can choose the support that works best for their environment, delivering business agility without compromising trust."
G. Srinivasa Raghavan, Country Head, India for TCS said, "We have worked with many financial institutions in India and around the world, and we know from them how much they depend on and trust ACI and its solutions. This agreement will enable us to better support our existing customers through a closer tie directly with ACI Worldwide, and will enable us to bring our knowledge and experience of the payments space to even more organizations."
ACI Worldwide has been in India since 1990. The company has two offices in India, with a team in Bangalore providing global product development for ACI, as well as being the base for services for the Indian and Asia-Pacific markets, and an office in Mumbai providing sales and services capability.