Nicholas Financial and ACI Worldwide Increase Payment Options for Customers

UP Bill Payment Solution makes electronic payment options easy and convenient

NAPLES, Fla.--()--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that Nicholas Financial, Inc. (NASDAQ: NICK), has selected the ACI UP Bill Payment Solution, providing its customers with the ability to make one-time and recurring debit card and automated clearing house (ACH) payments on their auto loans to help avoid paying late payment charges and additional interest.

Operating a network of 67 branches in 16 states throughout the Southeastern and Midwestern U.S., Nicholas Financial purchases installment sales contracts from automobile dealers for used cars and light trucks, as well as offers direct consumer loans in Florida and North Carolina. Nicholas Financial chose the ACI solution because of its leading bill pay platform—making it easier for customers to pay online or over the phone.

“With increasing regulatory scrutiny in the auto finance market, we stay ahead of the curve on compliance by offering the best loan servicing experiences for our customers,” said Todd Stonewall, corporate compliance manager, Nicholas Financial. “The ACI UP Bill Payment Solution helps us achieve this objective and offers a user-friendly intuitive interface. In addition to the more convenient ways to pay loans, our customers also appreciate that they can avoid the late penalties that accrue if a payment is delayed while waiting for a check to arrive.”

Mike Braatz, chief product officer at ACI Worldwide, added, “It’s important for auto loan companies to encourage the usage of debit card and ACH payments so customers can experience a faster and smoother payment process. The UP Bill Payment Solution makes it easier to pay on time, which enhances the customer relationship.”

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 ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software and SaaS-based solutions, we deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.

© Copyright ACI Worldwide, Inc. 2016.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.

Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI’s sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.

Contacts

Media Contacts:
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
or
Andrea Snyder, 781-370-3600
andrea.snyder@aciworldwide.com

Release Summary

Nicholas Financial, Inc. (NASDAQ: NICK), selects ACI Worldwide's UP Bill Payment Solution, making electronic payment options easy and convenient for its customers.

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Contacts

Media Contacts:
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
or
Andrea Snyder, 781-370-3600
andrea.snyder@aciworldwide.com