Co-op Selects ACI Worldwide to Power Wallet Service for its New Membership Scheme
(Thomson Reuters ONE) -
UK convenience food retailer uses ACI's UP Merchant Payments solution to secure
payments data for its customers
LONDON, UNITED KINGDOM--(Marketwired - February 27, 2017) - ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, today announced that The Co-operative Group (Co-
op), one of the UK's largest convenience food retailers with more than 2,800
stores and fuel sites across the UK, has selected the company to run a cloud-
based wallet service for its recently announced membership scheme.
The new membership scheme, which was launched last year, enables Co-op members
to save and spend cash earned on own-brand purchases and also see their
purchases support local charities of their choice. Co-op had announced that more
than 5 million members would receive new membership cards and enjoy these
enhanced benefits. It also noted that trials of these benefits had led to
significant increases in transactions, turnover and the frequency of visits,
along with a substantial jump in the sale of Co-op branded products.
"ACI is delighted to partner with Co-op on this new and innovative scheme. The
Co-op, which has a store in every postal district in the UK, will be rewarding
its members with a range of new benefits and services, some of which will
directly support local charities and help them to better connect to the local
community," said Andrew Quartermaine, vice president, ACI Worldwide. "ACI's UP
Merchant Payments solution has the breadth and flexibility to support and
integrate new services that go beyond traditional payments."
In addition, ACI has started the production roll-out of its Point-2-Point
Encryption (P2PE) card payments service across all Co-op UK food stores and fuel
sites. P2PE is an emerging encryption technique that protects cardholder data by
converting a consumer's confidential credit and debit card data into
indecipherable codes when the card is read by the payment terminal. It will help
to considerably increase data security across all of Co-op's UK food stores and
fuel sites.
ACI will run all services for Co-op from its European data centre. Demand for
ACI's cloud-based payment solutions has grown considerably, and in response, ACI
opened a new state-of-the art data centre in Limerick, Ireland last year.
ACI's cloud-based UP payments solutions offer customers the highest levels of
reliability, security and data privacy. They also have the flexibility to
support new requirements should customers' needs change over time.
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
and SaaS-based solutions, we deliver 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 (at)ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2017.
ACI, ACI Worldwide, 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.
CONTACT INFORMATION
Media Contact:
Katrin Boettger
ACI Worldwide Corporate Communications
E-mail: katrin.boettger(at)aciworldwide.com
Phone: 0044 (0)7776 147 910
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ACI Worldwide, Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Broadway Adds Second Drill and Commences Phase I Underground Program at Madison Copper-Gold ProjectDatum: 27.02.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 526647
Anzahl Zeichen: 5379
contact information:
Town:
NAPLES
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 170 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Co-op Selects ACI Worldwide to Power Wallet Service for its New Membership Scheme"
steht unter der journalistisch-redaktionellen Verantwortung von
ACI Worldwide, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
