ACI Worldwide Completes Acquisition of Official Payments

  ACI Worldwide Completes Acquisition of Official Payments

   Expands industry presence while providing significant growth opportunity

Business Wire

NAPLES, Fla. -- November 5, 2013

ACI Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment systems, announced today it has completed the acquisition of Official
Payments Holdings, Inc. (NASDAQ: OPAY), a leading provider of electronic bill
payment solutions. Under the terms of the agreement, ACI Worldwide acquired
Official Payments in an all-cash transaction for $8.35 per share.

Norcross, GA-based Official Payments provides bill payment solutions to
federal, state and local governments, municipal utilities, higher education
institutions and charitable giving organizations. Official Payments currently
has more than 3,000 customers representing access to over 100 million end
users. The company processes approximately 20 million payments and over $9
billion in volume annually.

“We are excited to welcome Official Payments into the ACI family. The addition
of Official Payments’ talented team and product portfolio furthers strengthens
ACI’s leadership position within the electronic bill payment market,” said
Philip Heasley, President and CEO, ACI Worldwide. “We are fully committed to
serving Official Payments’ customer base and delivering them the industry’s
best support, services and solutions, key tenets of our Universal Payments
strategy of providing a complete set of end-to-end payment services.”

Commitment to customers

ACI also announced that consistent with its long-standing lifecycle management
policy, the company is committed to maintaining multi-year roadmaps and
contractual commitments to Official Payments’ customers. Official Payments’
customers will benefit from ACI’s size and scale to support current and future
initiatives. ACI invests 18 percent of revenues in R&D, significantly ahead of
industry averages. The company also provides a world-class hosting
environment, as well as global 24x7x365 support.

Completion of the tender offer

ACI Worldwide successfully completed its tender offer for common stock of
Official Payments, which expired at 12:00 midnight, New York City time,
Monday, November 4, 2013.

Based on information from Computershare Trust Company, N.A., the depositary
for the offer, as of the expiration of the offer, 11,263,992 shares (excluding
332,228 shares that were tendered pursuant to guaranteed delivery procedures)
were validly tendered and not withdrawn in the offer. These shares represent
67.3 percent of Official Payments' issued and outstanding shares. Shares not
purchased in the offer will be converted into $8.35 per share pursuant to a
merger being completed today in accordance with the previously announced
merger agreement (except for shares, if any, held by shareholders who exercise
appraisal rights under Delaware law). Following the merger, the Official
Payments shares will be delisted and will cease to trade on the NASDAQ.

About ACI Worldwide

ACI Worldwide powers electronic payments and banking for more than 2,600
financial institutions, retailers, billers and processors around the world.
ACI software enables $13 trillion in payments each day, processing
transactions for more than 250 of the leading global retailers, and 18 of the
world’s 20 largest banks. Through our comprehensive 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; trade finance; and electronic bill presentment
and payment. To learn more about ACI, please visit You
can also find us on Twitter @ACI_Worldwide.

Forward-Looking Statements

This press release contains forward-looking statements based on current
expectations that involve a number of risks and uncertainties. All statements,
other than statements of historical fact, are statements that could be deemed
forward-looking statements, including statements about the planned completion
of the tender offer and the merger. No forward-looking statement can be
guaranteed and actual results may differ materially from those that ACI and
Official Payments project. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those expressed in any
forward-looking statement, many of which are outside of the control of
management. These factors include, but are not limited to: (1) negative
effects on ACI's business or OPAY's business resulting from the pendency of
the transaction; (2) that ACI may not achieve the synergies and other expected
benefits within the expected time or in the amounts it anticipates; (3) that
ACI may not be able to promptly and effectively integrate the merged
businesses; and (4) other factors described in ACI's and Official Payments'
filings with the SEC, including their respective reports on Forms 10-K, 10-Q
and 8-K. Except to the extent required by applicable law, neither ACI nor
Official Payments undertakes any obligation to revise or update any
forward-looking statements, or to make any other forward-looking statements,
whether as a result of new information, future results or otherwise.

© Copyright ACI Worldwide, Inc. 2013.

ACI, ACI Payment Systems, ACI Universal Payments, 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

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.


ACI Worldwide
John Kraft, 239-403-4627
Vice President, Investor Relations & Strategic Analysis
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