NAPLES, Fla.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: 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.
About Shaw Systems Associates, Inc.
Shaw Systems Associates is a financial technology company specializing in loan and lease servicing, collections and recovery management software. The company's enterprise solutions process millions of accounts daily and support more than $300 billion in assets for clients ranging in size from the world's largest financial institutions to the local community bank. Since 1967, Shaw has had a singular focus on credit management software, enabling the company to devote all of its innovation and expertise to providing a customized, cost-effective solution delivered in a commercial off the shelf package. Visit www.shawsystems.com to learn more.
About ACI Worldwide
ACI Worldwide, the Universal Payments company, powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions for more than 250 of the leading global retailers, and 21 of the world’s 25 largest banks. Through our comprehensive suite of software products and hosted services, we deliver a broad range of solutions for payment processing; card and merchant management; online banking; mobile, branch and voice banking; fraud detection; trade finance; and electronic bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
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