Thursday, November 19, 2009
This week, we announced that ACI has acquired Euronet Essentis Limited (Essentis), a division of Euronet Worldwide.
The acquisition is closely linked to a market demand for more holistic solutions in the cards space, and allows ACI to offer a unique, integrated front and back office solution for the payments industry. Not only does it enrich and deepen the company’s retail banking product portfolio, but it also and adds value and choice for ACI’s existing customer base in the back office space.
Many banks need to invest in their card and merchant systems to address payments efficiency improvements, to get better direct control over their cardholder and merchant relationships or to meet regional challenges such as SEPA in Europe. Back office solutions, including card issuing and management, are essential to ensuring these projects are effective and profitable.
The acquisition of Essentis enables us to combine products across the retail banking market and positions us at the forefront of the future of payment systems. The functionality and agility of Essentis products, which use technology and architecture similar to current ACI products, will enable us to expand our service-oriented architecture solutions. This will deliver a range of different services that are fundamental to helping financial organisations become truly agile, as well as driving consolidation and operational efficiencies that can give them an essential competitive advantage.
For more information on the acquisition, please refer to ACIWorldwide.com
Head of Business Services