aci worldwide inc (ACIW) Key Developments
ACI Worldwide Announces Lendmark Financial Services Selected its UP Bill Payment Solution to Increase Consumer Convenience
Sep 8 15
ACI Worldwide announced that Lendmark Financial Services has selected its UP Bill Payment Solution to increase consumer convenience and reduce payment processing costs, as more of its customers use debit cards to make payments It comes to paying bills online, consumers love their debit card. Data from the 2015 Consumer Monitor Survey Series shows three times as many consumers prefer to pay with debit cards over ACH, said Sarah Grotta,director, Debit Advisory Service, Mercator Advisory Group. Electronic Bill Presentment and Payment Services are part of ACI's UP Bill Payment solution. ACI's Universal Payments UP portfolio of solutions orchestrates all aspects of payments processing for any Payment type, any channel, any currency and any network.
TruMark Financial Selects ACI Worldwide’s One-Time Payments to Reduce Loan Payment Processing Costs
Aug 26 15
ACI Worldwide announced that TruMark Financial has selected ACI One-Time Payments, a service within its UP Bill Payment solution to reduce loan payment processing costs.
ACI Worldwide, Inc. Announces Executive Changes
Aug 24 15
Effective from September 4, 2015, Apratim Purakayastha will leave ACI Worldwide, Inc. Mr. Purakayastha was a named executive officer in fiscal year 2014 in his capacity as group resident, ACI On-Demand, a position he held until April 16, 2015. Mr. Purakayasha's current position is Executive Vice President, UP Solutions, which was not expected to be a named executive officer position in fiscal year 2015. Effective as of August 19, 2015, the Board of directors (the board) of the company, pursuant to section 13 of the company's amended and restated bylaws, elected James C. Hale to serve as an independent director. Mr. Hale will serve until the 2016 AGM and thereafter, until his respective successor is duly elected and qualified. Mr. Hale has been a founding partner of FTV Capital since 1998 and has served on the boards of directors of Mitek Systems, Inc. and Bank of Marin Bancorp since 2014. Mr. Hale will participate in the company's standard non-employee director compensation arrangements.
ACI Worldwide, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015 and Revenue Guidance for the Third Quarter of 2015
Jul 30 15
ACI Worldwide, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $265.822 million compared with $254.808 million for the same period a year ago. Operating income was $23.664 million compared with $26.741 million for the same period a year ago. Income before income taxes was $32.876 million compared with $13.646 million for the same period a year ago. Net income was $27.051 million or $0.23 per basic and diluted share compared with net income of $11.237 million or $0.10 per basic and diluted share for the same period a year ago. Net cash flows from operating activities were $0.766 million compared with $33.066 million for the same period a year ago. Purchases of property and equipment were $4.270 million compared with $4.091 million for the same period a year ago. Purchases of software and distribution rights were $5.137 million compared to $3.411 million a year ago. Non-GAAP revenue was $266.013 million compared with $255.267 million for the same period a year ago. Adjusted EBITDA was $57.609 million compared with $55.661 million for the same period a year ago. Non-GAAP operating income was $28.673 million compared with $30.702 million for the same period a year ago. Adjusted net income was $30.307 million compared with $13.812 million for the same period a year ago. Adjusted earnings per share were $0.26 compared to $0.12 a year ago. Operating free cash flow declined in the quarter, mainly due to the timing of a couple large renewals that happened late in the quarter.
For the six months, the company reported total revenues of $498.639 million compared with $476.281 million for the same period a year ago. Operating income was $30.089 million compared with operating income of $27.032 million for the same period a year ago. Income before income taxes was $32.184 million compared to $3.904 million for the same period a year ago. Net income was $26.889 million or $0.23 per basic and diluted share compared with $5.462 million or $0.05 per basic and diluted share for the same period a year ago. Net cash flows from operating activities were $49.933 million compared with $48.323 million for the same period a year ago. Purchases of property and equipment were $13.408 million compared with $8.319 million for the same period a year ago. Purchases of software and distribution rights were $8.496 million compared to $6.991 million a year ago.
The company expects to generate between $235 and $245 million in non-GAAP revenue in the third quarter.
The company expected to generate non-GAAP revenue in the range of $1.04 to $1.07 billion for the full year 2015. This range continues to represent 3% to 6% organic growth after adjusting for foreign currency fluctuations. The company expects adjusted EBITDA to be in the range of $280 to $290 million. Lastly, the company expects full year 2015 net new sales bookings to increase in the upper single digit range.
Internal Revenue Service Extends Relationship with ACI Worldwide’s OfficialPayments.com to Process IRS Tax Payments
Jul 27 15
ACI Worldwide announced that the Internal Revenue Service (IRS) has extended its relationship with the company’s OfficialPayments.com online bill payment service/portal OfficialPayments.com. Through OfficialPayments.com, users have a quick, easy and reliable way to view, manage and pay their federal, state and local taxes. As more people embrace online and mobile for paying bills, OfficialPayments.com provides them convenient options. In fact, more than 75% (77%) of IRS electronic payments made through OfficialPayments.com are made online or via a mobile browser. This equates to a more than 600% increase in IRS payments made on a mobile device.