ACI Worldwide (NASDAQ: ACIW), a leading international provider of payments solutions, announced today the release of the latest version of ACI Acquirer, its comprehensive multi-currency system for managing merchant accounts, histories and settlements.
The enhanced ACI Acquirer offers greater support for U.S. taxation requirements, enhanced interchange fee processing and expanded features for merchant settlement delay and deposit reserves.
ACI Acquirer enhancements are complimented by the launch of the newest version of ACI Interchange™, the company's central monetary transaction manager for clearing card transactions. Both solutions ensure that acquiring banks and processors remain current with the latest regulatory developments in the U.S. market. This increases customers' ability to operate seamlessly in today's highly competitive merchant acquiring environment. ACI Issuer, ACI Acquirer and ACI Interchange are installed at more than 70 customers in North America, Europe and Asia.
Financial institutions require a merchant acquiring solution that offers flexibility as its premiere feature. The enhanced ACI Acquirer enables the most flexible pricing, transaction, service and merchant settlement options on the market today. Some of the new features include:
• Improved functionality for U.S. including taxation calculation and reporting, support for NACHA payment file formats and industry compliance mandates.
• Enhancements which allow merchant acquirers to create highly differentiated merchant programs with unique methods for delayed or deferred settlement and merchant deposit reserve management
• Support for Discover card transaction clearing and settlement.
"The U.S. remains a very competitive and dynamic merchant acquiring market, subject to a number of essential regulatory requirements and changes in operating conditions," said David Morem, Executive Vice President, Global Products and Maintenance, ACI Worldwide. "Merchant acquirers need a management solution which ensures ongoing compliance and competitive transaction price points as well as the ability to better compete in the market through overall pricing flexibility and customized settlement funding capabilities.. That need is fulfilled by the latest releases of ACI Worldwide's core merchant and card management solutions."