ACI Worldwide (Nasdaq: ACIW), a leading international provider of payment systems, today announced that Promoción y Operación S.A. de C.V. (Prosa), headquartered in Mexico, has chosen to migrate its Base24 payments processing system to ACI's Base24-eps solution.
Prosa provides card and payment processing services to 90 banks and financial institutions for transaction switching, processing and settlement across Mexico and Latin America.
BASE24-eps is an integrated payment processing system that acquires, authenticates, switches, and authorizes financial transactions across multiple channels. It is the next-generation of ACI's world-class payments platform, drawing on more than 35 years experience in payments software.
Prosa has relied on ACI for more than 25 years as its strategic provider for its core business functionality, and to support transaction volumes of 1.2 billion per year and drive 37,000 ATMs. When the time came for Prosa to review its payments system strategy and technology for the future, the team conducted a due diligence across other players in the market, and decided that ACI's solution, alongside the support, implementation methodology, market knowledge and relationship with Prosa, made ACI and BASE24-eps the obvious solution.
Prosa CEO, José Molina, said, "Prosa is committed to maintaining our place as an industry leader, as well as delivering the best possible service to our customers - as highlighted by our recent win of the Ibero American Quality Award. BASE24-eps gives us a solution for the future, to handle whatever changes the markets need from us, and we predict a return of over $20 million over five years. We would not be able to deliver value of this scale without the product expertise and strategic support of ACI Worldwide for the next ten years at least."
Prosa required a solution that could satisfy all of its customers' needs, which included multi-currency functionality and specific country requirements for Mexico and Latin America, but would also enable Prosa to meet market demands by deploying new features and functions. Users needed to be able to have the flexibility to build and manage their own business rules which BASE24-eps enables throughh its powerful scripting functionality.
Ralph Dangelmaier, president of global markets and services at ACI Worldwide said, "Prosa is at the forefront of its market and is one of the top 10 switches globally. We are delighted that this company with its reputation for leadership and quality of service and technology has recommitted to ACI's technology to underpin its market offering."
BASE24-eps provides a full range of functionality to support payments - traditional card, ATM, and bank branch transactions that institutions manage today, as well as high-growth transactions such as mobile commerce and internet banking.