ACI Worldwide to Power Payments for U.K. Retailer Co-op in Cloud
January 11, 2024 at 12:30 pm IST
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ACI Worldwide announced that Co-op has successfully moved its full stack of payments and fraud prevention technology software into ACI's multi-tenant cloud platform hosted in Microsoft Azure. As a strategic technology partner of ACI Worldwide, Co-op uses the full range of solutions offered by ACI Payments Orchestration Platform, including in-store, online and mobile payment processing and end-to-end payments and fraud management. Moving its payments software into the cloud will enable Co-op to operate more efficiently, providing scalability, security and enhanced data protection.
The migration, which has been completed successfully, follows ACI's announcement of an expanded multi-year strategic alliance with Microsoft to deliver payment solutions in the cloud. ACI's relationship with Microsoft also supports ACI's AI-powered anti-fraud processing model, featuring patented, proprietary incremental learning technology that allows clients to run payment operations securely and with high resiliency, all while protecting transactions and customers' privacy.
ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. The Companyâs segments include Banks, Merchants, and Billers. It provides payment solutions to large and mid-size banks globally for retail banking, real time, digital, and other payment services. It support merchants globally, including Tier 1 and Tier 2 merchants, online-only merchants and payment service providers, independent selling organizations, value-added resellers, and acquirers who service them. Within the Billers segment, the Company provides electronic bill presentment and payment (EBPP) services to companies operating in the consumer finance, insurance, healthcare, higher education, utility, government, and mortgage categories. Its solutions include ACI acquiring, ACI issuing, ACI enterprise payments platform, ACI low value real-time payments, ACI high value real-time payments, and others.