ACI Worldwide (ACIW), a leading global provider of electronic payment and banking solutions, today announced a strategic partnership with Shaw Systems Associates, Inc., one of North America's largest financial technology companies.
The partnership will enable Shaw's clients to facilitate loan payments for their millions of consumer customers.
With the partnership, Shaw's clients will gain access to ACI’s integrated Electronic Bill Presentment and Payment (EBPP) Services, which offer the broadest options for delivering electronic bills and receiving electronic bill payments, resulting in significant cost savings for Shaw’s lenders and considerable convenience for their customers. ACI’s electronic bill payment services deliver choice of payment types (one-time, recurring, fee-based), channels (web, mobile, IVR or call center) and funding options (ACH or credit, debit or prepaid) to meet the needs of every consumer segment.
"Our corporate mission is to provide our clients with the best financial products and services so that they can deliver optimal experiences to their end customers,” said Cyndy Stone, Chief Operating Officer, Shaw Systems. "We are very enthusiastic about partnering with ACI, a proven leader with a great track record in bill pay. By integrating their robust bill payment technology into ours, we can now deliver a value proposition unmatched in our industry—the most seamless and cost-effective bill pay offering, right out of the box.”
“Shaw is an industry leader in the financial services sector that is particularly strong in auto finance, a key growth market for ACI,” said Eric Labiak, senior vice president, ACI Worldwide. “We look forward to working together to provide current and future joint customers with the most comprehensive bill pay offering. In addition to sharing similar values, our complimentary technology will further drive consumer satisfaction and increase efficiency, ultimately enabling clients to achieve greater economies of scale.
Electronic Bill Presentment and Payment (EBPP) Services are part of ACI's UP Bill Payment solution. ACI's Universal Payments (UP) portfolio of solutions orchestrates all aspects of payments processing for any payment type, any channel, any currency and any network.