ACI Worldwide

Last updated
ACI Worldwide Inc.
Company type Public
Nasdaq:  ACIW
S&P 600 Component
IndustryComputer software
Founded1975;49 years ago (1975), in Omaha, Nebraska, U.S.
Headquarters,
United States
Area served
Worldwide
Key people
|Ram Puppala (CTO) [1]
Services
  • Process and Manage Digital Payments
  • Enable Omni-Commerce Payments
  • Present and Process Bill Payments
  • Manage Fraud and Risk
RevenueIncrease2.svg US$ $1.42 billion (2022) [2]
Decrease2.svg US$ 203.8 million (2022) [2]
Increase2.svg US$ 142 million (2022) [2]
Total assets Increase2.svg US$ 3.2 billion (2022) [2]
Total equity Decrease2.svg US$ 1.2 billion (2022) [2]
Number of employees
5000
Website www.aciworldwide.com

ACI Worldwide Inc. is a payment systems company headquartered in Miami, Florida. [3] ACI develops a broad line of software focused on facilitating real-time electronic payments. These products and services are used globally by banks, financial intermediaries such as third-party electronic payment processors, payment associations, switch interchanges, merchants, corporations, and a wide range of transaction-generating endpoints, including automated teller machines ("ATM"), merchant point of sale ("POS") terminals, bank branches, mobile phones, tablet computers, corporations, and internet commerce sites. [4]

Contents

History

ACI was founded in Omaha, Nebraska as Applied Communications Inc, on September 1, 1975, to develop software for communications applications using the new NonStop computers from Tandem Computers. The founders were James Cody, Dave Willadsen, and Dennis Gates. Chuck Hackett, Charly Foglesong, and Mike May began ACI's relationship with Tandem. Early projects involved building systems to handle ATMs and front ends for core banking systems, which led to the launch of the first product, BASE24, in 1982. BASE24 was coined by a salesman to represent "Baseline Software for 24 hour-per-day system operations". [5] [ citation needed ]

BASE24 was expanded over time to service transactions from other channels, such as POS terminals and bank branch systems. The product portfolio grew to cover functions related to card transactions, such as clearing, settlement and fraud detection. The hardware support for these products was extended to suppliers IBM, HP, Stratus and Sun Microsystems.

In the 1990s, ACI's product range was expanded to cover wholesale banking payments with software for ACH transactions and wire transfers leading to the acquisition of IntraNet, Inc. in 1998, [6] and adding the Money Transfer System product.

Since 1995, ACI has been publicly traded on NASDAQ, initially under the name Transaction Systems Architects (TSA), and, since July 2007, under the name ACI Worldwide, Inc. (ACIW). [7] Prior to that ACI had periods of ownership by US West and Tandem, and as a private company.

Acquisitions

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References

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