ACI’s UP eCommerce Payments solution to support global growth of Nextpayway’s payment platform and blockchain-based digital wallet services
Wednesday, June 27, 2018
Naples, FLA—June 27, 2018—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that Nextpayway, a specialist payment platform solution for the gaming industry, is implementing ACI’s UP eCommerce Payments solution to deliver next-generation payments and fraud prevention.
Rapid growth of the global gaming industry, expected to reach USD $137.9 billion in 20181, presents a significant revenue opportunity for gaming operators and developers, but it is accompanied by challenges around customer authentication, payments acceptance and funds settlement. Nextpayway is a globally-operating, European-regulated white-label exchange payment solution, which offers users a blockchain-based personal e-wallet that uses its own cryptocurrency (NXP), providing additional ways for gamers to pay, and to receive near-instant cash-outs.
ACI’s UP eCommerce Payments solution provides Nextpayway with extensive global connectivity to a network of more than 350 card acquirers and alternative payment methods, offering more payment options for Nextpayway users. Real-time fraud management screens all transactions utilizing advanced data analytics, adaptive machine learning and customer profiling techniques. This is backed by a unique combination of patented predictive models and unrivalled global fraud intelligence, supported by a team of expert risk analysts.
“With the gaming industry experiencing increasing levels of fraud, organizations like Nextpayway are turning to ACI and our award-winning UP payments solutions to provide peace of mind,” said Andy McDonald, vice president – merchant solutions, ACI Worldwide. “At the same time, gamers are looking for a seamless and secure experience when it comes to pay-ins and pay-outs; something that Nextpayway is addressing with its innovative, blockchain-based wallet solution, which ensures maximum freedom and control over funds.”
“ACI’s proven track record in helping businesses expand internationally and its network of more than 350 payments endpoints make it a natural fit for Nextpayway as we enter the next phase of our global growth,” said Angela Behar, CEO, Nextpayway. “The flexibility of the solution means we are able to support gaming operators that require extensive connectivity to card acquirers and alternative payment methods. And with fraud on the rise, ACI can support payments processing with integrated real-time fraud management.”
ACI’s real-time fraud management solution for merchants – ACI ReD Shield – has recently received a number of industry accolades, including ‘Security Innovation of the Year’ at the National Technology Awards, ‘Fraud Innovation Firm of the Year – USA’ by Finance Monthly Fintech Awards and ‘Best ID, Security and Anti-Fraud Solution’ by Merchant Payments Ecosystem. Along with the ACI PAY.ON Payments Gateway, ReD Shield is an integral component of the UP eCommerce Payments solution.
1) ‘What Turns Players into Payers: Understanding the Gaming Payments Experience’ https://www.aciworldwide.com/lp/payments-in-gaming
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers’ premises or through ACI’s private cloud, we provide real-time, immediate payments capabilities and enable the industry’s most complete omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
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