The decision to buy Official Payments helps make ACI Worldwide an even bigger player in the field of EBPP (Electronic Bill Presentment and Payment), according to President and CEO Philip Heasley.

Heasley specifically cited Official Payment’s loyal user base among federal, state, and local governments, as well as higher education institutions, utilities, and charities in the acquisition announcement. The deal prices Official Payments at $8.35 per share for a total enterprise value of $109 million.

ACI Worldwide’s expansion into Asia just reached a new milestone.

The company’s ACI Universal Online Banker and Global Trade Manager will be put to work powering the regional Internet and mobile banking platform of Singapore-based, DBS.

It’s been a week of announcements and new initiatives from ACI Worldwide. Here’s a round-up of what the Florida-based payments systems innovator has been up to in just the past seven days.

Issue Multiple Cards of Different Types in Less Time

Last Wednesday, ACI announced the latest version of ACI Issuer. The solution provides a single platform for credit, debit, pre-paid, and contactless card management.

The latest version includes flexible, rule-based product definition, and promises an easy integration with online channels. ACI Issuer 4.4 is multi-language, multi-institution, and multi-currency.

All Things to All Channels, All Currencies, All Networks

The goal of ACI Universal Payments Platform is to make it easier for financial institutions to adapt to changes in the industry. This includes everything from new regulatory developments to the challenge of mobile commerce.

Universal Payments Platform integrates all aspects of payment processing, regardless of type, currency, channel or network. It is geared toward helping organizations bring new products to market, achieve a better view of their customer and business data, and respond to changing regulations and compliance needs.

Online Banking Goes Mobile

Bringing personal finance management, integrated bill payment, and account-to-account transfers to iOS and Android smartphones are the main attractions of ACI’s Architect Mobile Banking feature. The launch of the solution helps the company bridge the distance between online banking and the potential for growth in banking via mobile devices. 

ACI partners with more than 1,700 financial institutions and payment processors globally. Driving $13 trillion in payments daily, the company processes payments for more than 250 of the world’s leading retail businesses, and 18 of the biggest banks. 

ACI Worldwide has been a Finovate alum since 2011, when they participated in FinovateFall. See them demo their Mobile Enterprise Banker product, in collaboration with MShift, here.