National Bank of Egypt live on ACI Acquirer

Source: ACI Worldwide

ACI Worldwide (Nasdaq:ACIW), a leading international provider of payment systems, today announced that National Bank of Egypt (NBE) has gone live on ACI Acquirer to transform its merchant acquiring infrastructure and enable it to deliver flexible and tailored back-end accounting and management solutions to its merchants.

National Bank of Egypt, which was the first established commercial bank in Egypt, is committed to delivering the latest products and services to its customers, and invests in technology to enable it to stay at the forefront of its industry. With the implementation of ACI Acquirer, the bank will be able to offer its merchants international multi-currency, multi-product and multi-card scheme payment processing leveraging standard product features , combined with the ability to support sophisticated retailer relationships. As a result, NBE will enjoy a competitive advantage through improved speed to market and customer focus. In addition, NBE will take advantage of ACI Acquirer functionality to offer its merchants more flexible billing and settlement options.

Mohamed Ihab, COO of NBE said, "The team from ACI was supportive throughout the implementation phase of the project, and we are delighted to start using ACI Acquirer to make a real difference to our merchant acquiring process. We are confident that we have a strategic platform for our future growth."

Paul Thomalla, SVP and managing director ACI Worldwide (EMEA) said, "National Bank of Egypt is determined to deliver world-class services to its customers and merchants, and the completion of this project gives the bank a truly differentiated service for all of its merchants, and enables it to respond to changing factors quickly and easily."

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