NEW YORK, Dec. 12, 2011 (GLOBE NEWSWIRE) -- ACI Worldwide, Inc. (Nasdaq:ACIW), a leading international provider of payment systems, announced that its market leading retail payments engine, BASE24-eps®, has been named the Most Innovative Financial Services Solution in the 2011 Financial World Innovation Awards, held in London. These awards, in their 14th year and highly respected in the industry, attracted more than 200 submissions, from 70 organizations, across 21 countries.
The Most Innovative Financial Services Solution category, for technology vendors, recognizes that " ...outside expertise can offer economies of scale, tailored solutions and consultancy skills in solving the delivery challenges of the multifaceted products and processes of financial services." The judges looked at the value that the nominated solutions offer, and the business and technology benefits they deliver.
BASE24-eps is ACI's integrated payment engine that acquires, authenticates, switches, and authorizes financial transactions across multiple channels. It is ACI's world-class payments platform, drawing on more than 35 years experience in payments software. The judges recognized the strength of the technology and its ability to enable financial institutions and processors to respond to the constantly changing payments marketplace.
BASE24-eps provides a full range of functionality to support payments – traditional and smart chip card, ATM, internet, mobile and bank branch transactions. BASE24-eps enables users to establish highly reliable and scalable payment systems that possess the requisite flexibility and innovative features to deliver new payment products and services faster than other payment systems.
Chris Ray, Director of Communications and Alumni Services at the ifs School of Finance said, "BASE24-eps offers customers flexibility to implement sophisticated multi-stage transaction processing, and the ability to get new services to market quickly. It really is a significant payment system which helps underpin the global economy, whilst supporting new innovative solutions for customers. We would like to congratulate ACI Worldwide for winning a very competitive category."
Louis Blatt, chief product officer at ACI Worldwide said, "BASE24-eps is used by large organizations around the world to process payments of many different types from a variety of different channels, and consolidate them onto one platform, which enables our customers to deliver new services faster. I am delighted that the judging panel recognized the capabilities of BASE24-eps and the value it provides."
For more information about BASE24-eps please visit http://www.aciworldwide.com/Products-and-services/Products/BASE24-eps.aspx. For more information about the awards please visit http://www.financialworldawards.co.uk/.
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About ACI Worldwide
ACI Worldwide powers electronic payments for more than 800 financial institutions, retailers and processors around the world, with its broad and integrated suite of electronic payment software. More than 90 billion times each year, ACI's solutions process consumer payments. On an average day, ACI software manages more than US$12 trillion in wholesale payments, and for more than 160 organizations worldwide, ACI software helps to protect their customers from financial crime. To learn more about ACI and understand why we are trusted globally, please visit www.aciworldwide.com. You can also find us on www.paymentsinsights.com or on Twitter @ACI_Worldwide.
About the ifs School of Finance
The ifs School of Finance is a registered educational charity incorporated by Royal Charter. It has a remit to provide the financial services industry with a skilled, effective and competent workforce whilst also promoting a better understanding of finance amongst consumers.
The ifs is the only educational body with a specific focus on finance that has the power to award its own degrees. Its formal qualifications range from GCSE and A Level equivalents for the 14–19 age group, to Degree and Masters programs for financial professionals. The ifs also offers professional development, competence maintenance and executive education programs through its alumni membership services.