ACI Worldwide posted 3Q/13 revenue of $216 million, up 35% by $56 million from the year ago figure. Monthly recurring revenue grew to $151 million, up $46 million, and represented 71% of total revenue in the quarter. Excluding Online Resources, recurring revenue grew 9% from Q3 2012.New sales bookings, net of term extensions (SNET), excluding…
ACI Worldwide announced it has completed the acquisition of Official Payments Holdings, Inc., a leading provider of electronic bill payment solutions. Under the terms of the agreement, ACI Worldwide acquired Official Payments in an all-cash transaction for $8.35 per share. Official Payments currently has more than 3,000 customers representing access to over 100 million end users. The company processes approximately 20 million payments and over $9 billion in volume annually.
TransCentra announced that it has been selected by North American Power, one of the nation’s fastest-growing retail energy suppliers, to manage its billing and payments processing. The end-to-end, multichannel billing and payments processing solution will integrate services across the business, enabling North American Power to simplify and enhance billing and payment communication methods for more than 250,000 customers, while driving operational efficiencies. With operations currently in 11 markets, North American Power sought a solution that would transform its billing and payments model, meet regulatory compliance requirements in new markets, and provide the tools to address customer needs quickly and efficiently. TransCentra’s payment processing services include paper and electronic lockbox service, payment data management, A/R file consolidation and generation, and more.
FIS named 25-year FIS veteran and current President and Chief Operating Officer (COO) Gary A. Norcross to its board. Having assumed the role of President and COO on March 30, 2012, Norcross is responsible for the steering and execution of the company’s global business strategy. Prior to his current role, Norcross held several leadership positions within the company and was instrumental in the 2009 acquisition and integration of Metavante Technologies, Inc. He was also instrumental in the acquisition of leading organizations such as Certegy and eFunds and more than 15 other companies, helping to grow FIS to more than 35,000 employees with over $5.8 billion in annual revenue. Norcross is active in the local North Florida community and serves on the Dean’s Executive Advisory Board for the Sam M. Walton School of Business at the University of Arkansas.
FIS banking and payments completed the acquisition of mFoundry mobile banking and payment solutions for financial institutions and retailers. The resulting combination creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base.
FIS banking and payments technology signed a definitive agreement to acquire the remaining 78% interest in mFoundry mobile banking and payment solutions for financial institutions and retailers. In mFoundry, FIS previously held a 22% interest. This development creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base. mFoundry’s customer-focused solutions have become a leading platform for mobile banking and mobile retail and have been adopted by some of the largest banks, credit unions, payments processors and retailers in the country.
American Express chose FIS’ InstantFunds Mobile technology to provide mobile-driven remote check capture for Bluebird accounts. FIS InstantFunds Mobile enables consumers to use their smartphones to scan a check and add funds into their account, thus limiting fraud by leveraging FIS’ analytics and payment guaranty technologies.
TransCentra billing and payment software and services announced its RDC product is now available via a software-as-a-service delivery model to integrate with Mobile Deposit and eCapture scanning solutions. This can eliminate lengthy implementation and software maintenance processes, therefore decreasing up-front and overall costs. RDC customers can scan and capture document images more quickly with confidence that the process for handling payments is secure. A unique aspect of the eCapture solution is its co-mingled scanning functionality, which allows for multiple document types (such as checks, customer forms, check skirts and remittance documents) to be scanned together in one batch versus the traditional practice of separating each batch type prior to scanning.
Q2ebanking secure electronic banking solutions for banks and credit unions throughout the U.S., announced it is opening a second office to support its steady client growth with the resources and additional industry professionals needed to drive further success. Throughout the rest of 2012 Q2ebanking will hire approximately 40 new employees for the Atlanta office, focusing on new product development, implementation and delivery engineers as well as Q&A and customer support engineers.
TransCentra, a leading provider of billing and payment software and services, announced today that three team members will be speaking to attendees on trends in the transaction industry at the IFO Fusion Conference May 13-17 in Nashville, TN. The TransCentra speakers will be addressing multiple issues in the payments and remittance marketplace and offering insight…
FIS banking and payments technology introduced its mobile payments solution that allows consumers to use most smartphones to make purchases at the POS and for online shopping. The mobile payments solution can be built into retailers’ and financial institutions’ existing mobile applications, preserving brand equity and strengthening customer loyalty. The FIS Mobile Wallet provides consumers with another option to electronically pay for goods and services and is uniquely secure, given no payment credentials are provided to the POS device or stored on the smartphone. It supports popular smartphones and existing POS hardware while still being forward-compatible with new technology as it becomes available.
FIS banking and payments technology launched an innovative m-payments solution, letting users implement smartphones for POS purchases and online shopping. Requiring only downloadable applications for both consumers and retailers, the mobile payments solution can be built into retailers’ and financial institutions’ existing mobile applications, preserving brand equity and strengthening customer loyalty. The FIS Mobile Wallet provides consumers with another option to electronically pay for goods and services. Consumers with smartphones download an application offered by their financial institution or retailer, attach their payment card information and then use the solution to make a purchase. The solution is a software-only offering enabling easy deployment for financial institutions, retailers and consumers.