Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

ACI Worldwide Alleviates Dodd-Frank Compliance Burden for Financial Institutions



  ACI Worldwide Alleviates Dodd-Frank Compliance Burden for Financial
  Institutions

        Fully-automated solution addresses complex regulatory demands

Business Wire

NAPLES, Fla. -- January 23, 2013

ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment
systems, announced today its Money Transfer System ™ is helping financial
institutions achieve Dodd-Frank compliance, well in advance of the original
deadline of February 7, 2013. This regulation, a requirement of the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010, is one of the major
issues facing financial institutions in 2013.

The company’s industry leading wholesale banking solution, ACI Money Transfer
System, provides customers with a fully automated capability to address the
complex regulatory demands of Dodd-Frank, in addition to other regulations.

“ACI has a sustained focus on helping our customers meet the increasingly
complex demands of regulatory compliance,” said Dan Frate, executive vice
president, global markets and product management. “It is a priority for ACI to
ensure our customers successfully meet regulatory challenges and Dodd-Frank is
a compelling example of the support offered by ACI. By offering comprehensive
solutions to assist with on-going compliance demands, our customers can focus
on more strategic initiatives and rest assured that ACI is effectively
managing the regulatory changes in a timely manner. Simply put, we excel at
regulation.”

ACI’s comprehensive approach to Dodd-Frank compliance helps financial
institutions automate:

  * The ability to determine the fees associated with a transaction –Money
    Transfer System is able to provide fee transparency using existing fee
    processing.
  * The delivery of the necessary disclosures to the consumer at the time of
    the transaction—Money Transfer System facilitates Dodd-Frank disclosures
    aligned with the bank’s standard mechanisms of providing customer
    disclosures.
  * The ability to automatically manage the required 30 minute transaction
    hold—Money Transfer System manages the mandatory wait period in an
    automated manner thus eliminating the need for bank personnel to manually
    oversee this aspect of the processing

“Dodd-Frank, like many compliance issues, has created a lot of angst in
financial institutions for some time now,” said Nancy Atkinson, senior
analyst, Aite Group. “Regulatory bodies are seeking transparency that is not
readily available in how the banking networks operate. The financial
institutions which will be the most successful at addressing this regulation
are those that provide the necessary information in the most automated and
least disruptive manner to their organization.”

About ACI Worldwide

ACI Worldwide powers electronic payments and banking for more than 1,650
financial institutions, retailers and processors around the world. ACI
software enables $12 trillion in payments each day, processing transactions
for 14 of the leading global retailers, and 24 of the world’s 25 largest
banks. Through our integrated suite of software products and hosted services,
we deliver a broad range of solutions for payments processing, card and
merchant management, online banking, mobile, branch and voice banking, fraud
detection, and trade finance. To learn more about ACI and the reasons why our
solutions are trusted globally, please visit www.aciworldwide.com. You can
also find us on www.paymentsinsights.com or on Twitter @ACI_Worldwide.

© Copyright ACI Worldwide, Inc. 2013.

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.

Contact:

ACI Worldwide
Rick Sheehy, 781-370-3643
Richard.Sheehy@aciworldwide.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement