ACI Worldwide Transforms Payments and Security for Chile’s Largest Acquirer
Summary
NAPLES, Fla. & SANTIAGO, Chile--( BUSINESS WIRE )-- ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , today announced that Transbank, the largest acquirer in Chile and an existing ACI customer, is now taking advantage of ACI’s UP Retail Payments solution to offer differentiated services to businesses, maintain a competitive edge in the market and better comply with local card scheme mandates. The company’s backend processing system was due for an upgrade, and at the same time, the Chilean government regulations pushed to open the country’s acquiring business, allowing new players to enter the market. ACI’s UP Retail Payments solution provides us with the ability to bridge the features and functionalities of our existing system with next-generation technologies, so that we can continue business-as-usual while adding new services - to boost revenue growth - and innovating in a protected environment.” “Real-time payments is already a reality in Chile, and moving to an open digital banking environment is necessary to compete today,” said Marco Bravo, vice president, Latin America, ACI Worldwide. “As a leader in the market, Transbank is future-proofing its business with flexible capabilities that drive speed-to-market and allow the company to compete successfully, while increasing customer retention and delivering even higher shareholder value.”
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