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NACHA Announces ACI Worldwide as a Preferred Partner for Enabling Innovation in Payments

HERNDON, VA - NACHA—The Electronic Payments Association® has announced ACI Worldwide (NASDAQ: ACIW), a leading global provider of faster electronic payment and banking solutions, as a Preferred Partner for enabling innovation in payments. NACHA Preferred Partners are a select group of innovators that contribute to its strategic efforts and to the payments ecosystem at large by removing friction, increasing ease, accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.

“We are pleased to introduce ACI Worldwide as our newest Preferred Partner,” said Jane Larimer, chief operating officer of NACHA. “The payments landscape is evolving and faster payments and open APIs are among the drivers of this evolution. With solutions that support and leverage these drivers, like those offered by ACI, financial institutions and businesses can quickly and easily adapt to the changing payments environment and deliver greater value to their customers.”

ACI provides real-time, any-to-any electronic payment solutions to financial institutions, intermediaries, merchants and corporates. Its Universal Payments (UP) portfolio of solutions help banks and businesses to innovate and thrive in the swiftly evolving world of payments by combining payment capabilities in new and different ways while maintaining performance, security and scalability.

“Our partnership with NACHA will provide added exposure to a large and diverse payments community as we aim to drive the new faster, digital, open banking world forward,” said Mike Braatz, senior vice president, ACI Worldwide. “For businesses and financial institutions navigating the challenges of an evolving industry, this partnership opens more avenues for innovation, new business models and new relationships with customers.”

NACHA—The Electronic Payments Association is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, NACHA’s efforts benefit the providers and users of those systems. NACHA leads groups focused on API standardization, authors the Quest Operating Rules for EBT and is also the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2017, there was a total of nearly 26 billion ACH transactions. Of these, 21.5 billion ACH payments valued at $47 trillion moved across the ACH Network, and more than 4 billion were on-us transactions within financial institutions.

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