ACI and AFS Unite for 10 Years to Modernize Digital Payment Solutions

ACI and AFS Unite for 10 Years to Modernize Digital Payment Solutions

Time Stamp: April 1, 2024 6:23 AM
ACI and AFS Unite for 10 Years to Modernize Digital Payment Solutions PlatoBlockchain Data Intelligence. Vertical Search. Ai.

ACI Worldwide, a global real-time payments software, has
announced a strategic partnership with Arab Financial Services (AFS), the
region’s digital payment solutions provider and fintech enabler, aiming
to reform the digital payments landscape across the Middle East and Africa.

Regulated by the Central Bank of Bahrain and boasting
ownership by 37 banks and financial institutions, AFS serves over 60 clients
across more than 20 countries in the region. The company’s portfolio
encompasses an array of digital payment products and services, including card
processing, merchant acquiring, fintech solutions, and value-added services.

Santhosh Rao, Senior Vice President, MEASA, ACI Worldwide

Santhosh Rao, the Senior Vice President of MEASA at ACI
Worldwide, commented: “Our flexible, agile and innovative payment software
solutions will now be available to banks, financial institutions and merchants
across the region. AFS is now in a strong position to support all customers in
the region on their quest for digital transformation and innovation, while
enabling the resiliency and service quality required by next-generation payment
systems.”

Under the terms of this transformative 10-year partnership,
AFS will leverage ACI’s Enterprise Payments Platform, a versatile transaction
processing solution renowned for its security features, flexible
cloud-ready architecture, and multi-language, multi-currency capabilities. By
harnessing this platform, AFS aims to spearhead a modernization drive within
the retail banking sector, empowering its banking and fintech clientele with
enhanced capabilities and efficiency.

Streamlining Payment Processes: AFS and ACI Collaboration

Furthermore, AFS is set to deploy ACI’s Payments
Orchestration Platform, a solution designed to streamline payment
processes for merchants. This platform promises a seamless integration
experience through a unified API interface, optimizing conversion rates while
minimizing operational overheads. By adopting this technology, merchants and
payment service providers will be able to deliver enhanced customer experiences
characterized by both convenience and security.

“As the payments landscape becomes ever more
intricate and prone to disruption, a reliable technology partner offering
industry-leading solutions is crucial. Together, AFS and ACI Worldwide are
committed to empower our customers with cutting-edge technology that
streamlines operations, fosters growth and unlocks new levels of
profitability,” said Samer Soliman, the CEO at Arab Financial Services.

ACI Worldwide, a global real-time payments software, has
announced a strategic partnership with Arab Financial Services (AFS), the
region’s digital payment solutions provider and fintech enabler, aiming
to reform the digital payments landscape across the Middle East and Africa.

Regulated by the Central Bank of Bahrain and boasting
ownership by 37 banks and financial institutions, AFS serves over 60 clients
across more than 20 countries in the region. The company’s portfolio
encompasses an array of digital payment products and services, including card
processing, merchant acquiring, fintech solutions, and value-added services.

Santhosh Rao, Senior Vice President, MEASA, ACI Worldwide

Santhosh Rao, the Senior Vice President of MEASA at ACI
Worldwide, commented: “Our flexible, agile and innovative payment software
solutions will now be available to banks, financial institutions and merchants
across the region. AFS is now in a strong position to support all customers in
the region on their quest for digital transformation and innovation, while
enabling the resiliency and service quality required by next-generation payment
systems.”

Under the terms of this transformative 10-year partnership,
AFS will leverage ACI’s Enterprise Payments Platform, a versatile transaction
processing solution renowned for its security features, flexible
cloud-ready architecture, and multi-language, multi-currency capabilities. By
harnessing this platform, AFS aims to spearhead a modernization drive within
the retail banking sector, empowering its banking and fintech clientele with
enhanced capabilities and efficiency.

Streamlining Payment Processes: AFS and ACI Collaboration

Furthermore, AFS is set to deploy ACI’s Payments
Orchestration Platform, a solution designed to streamline payment
processes for merchants. This platform promises a seamless integration
experience through a unified API interface, optimizing conversion rates while
minimizing operational overheads. By adopting this technology, merchants and
payment service providers will be able to deliver enhanced customer experiences
characterized by both convenience and security.

“As the payments landscape becomes ever more
intricate and prone to disruption, a reliable technology partner offering
industry-leading solutions is crucial. Together, AFS and ACI Worldwide are
committed to empower our customers with cutting-edge technology that
streamlines operations, fosters growth and unlocks new levels of
profitability,” said Samer Soliman, the CEO at Arab Financial Services.

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