NAPLES, Fla.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced a strategic relationship with N2N Services, Inc., a leading platform provider for higher education systems integration. ACI will integrate its campus commerce system with N2N’s turnkey cloud integration platform, Illuminate, to improve students’ payment experiences. The need for higher education institutions to improve integration between payments and student information systems is highlighted by a recent Ovum survey, which showed that 88 percent of institutions had plans to do so in the next 12 months.
N2N’s Illuminate empowers its customers to create, manage, secure and monetize APIs, and build bridges between two APIs without any need for programming and additional infrastructure. With a network of more than 200 academic institutions, N2N is offering students and families the benefit of a comprehensive, simple payments experience with ACI’s campus commerce system. Through the N2N platform, higher education verticals will be able to connect their student information systems, including Ellucian™, Campus Management®, Peoplesoft® and Jenzabar® with ACI’s student payment portal and simplify payments while improving payments security. In addition, colleges and universities will be able to offer more ways to view and pay student bills, whether through modern mobile experiences, simplified account management or interest-free payment plans.
“We are committed to enabling enterprises of all sizes to participate, benefit from and compete in today’s digital economy enabled by APIs,” said Kiran Kodithala, CEO, N2N Services Inc. “Partnering with ACI on its solution for the higher education vertical will allow our customers to deliver more payment options to students and families, which will help reduce delinquent payments, make refunds easy and improve the overall payment experience. In the future, we hope to expand this program beyond higher education.”
“It’s neither easy nor convenient for students and parents to manage student payment accounts because they typically have to go through different websites to pay tuition bills in full, set up payment plans or resolve delinquent accounts,” said Andrew Sajeski, business leader, biller solutions, ACI Worldwide. “This partnership will deliver an innovative payment portal to all of the schools in N2N’s network and provide one place for payments, payment plans and delinquent collections.”
More than 300 higher education institutions trust ACI Worldwide for improving student satisfaction and payments security with its campus commerce systems. On average, higher education institutions report a 24 percent increase in student satisfaction after partnering with ACI Worldwide, according to independent third-party research.
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers’ premises or through ACI’s private cloud, we provide real-time, immediate 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.
N2N Services Inc. is a leader in enterprise application and data integration. N2N’s Illuminate platform is a cloud based SaaS platform providing standards based, turnkey integration enabling organizations to plug-in new SaaS applications in a matter of minutes to meet strategic institution goals. Our API integration platform is used by more than 200 enterprises (providing access to over 1 million enterprise records) to enable enterprises to meet strategic integration objectives. N2N Services Inc. is based in Atlanta, GA. Learn more about N2N Services Inc. and the Illuminate platform by visiting http://www.illuminateapp.com/.
© Copyright ACI Worldwide, Inc. 2018.
ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo, ReD, PAY.ON 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.