ACI Worldwide Announces ACI Innovation Award Winners

ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced the winners of the ACI Innovation Awards. Now in its sixth year, the ACI Innovation Awards (formerly the ACI Excellence Awards) recognize leading financial institutions, processors, retailers and billers from around the world. This year’s Innovation Award winners include AGS Transact Technologies Ltd, Ent Federal Credit Union and Union Bank of India, each of which delivered unrivaled universal payments successes. The winners were selected by a panel of judges composed of ACI experts and top payments analysts from Aite Group, CEB Tower Group and Celent.

AGS Transact Technologies Ltd: AGS’ transaction switching services cater to the needs of banks and other financial institutions across the payment transactions value chain. These services include assisting banks in the issuance of new cards, migrating their existing card base and the authorization of cards, enabling improved customer experience. The switching services are built around Postilion, ACI’s market-leading consumer payment solution.

Ent Federal Credit Union: A leading Colorado, US-based credit union, Ent provides a full range of financial services. Creating a rich user experience in a cost-conscious manner is a must for the credit union. Ent’s innovative use of Architect, ACI’s single end-to-end solution for banking, mobile, marketing and administration, allowed it to efficiently execute on a mobile strategy that offered the same optimized experience to any Apple or Android device user. The immense popularity of its initiative is evident by the 66,000 active members that regularly use its site.

Union Bank of India: A pioneering leader in implementing real-time, any to any payments solutions in the Asia Pacific region using BASE24, ACI’s award-winning electronic retail payment switch, Union Bank is committed to accelerating the conversion of cash to electronic payments. Its implementation of an Identity-enabled payment system highlights the importance it places on reaching the underserved through financial inclusion.

“On behalf of ACI, we want to congratulate AGS Transact Technologies, Ent Federal Credit Union and Union Bank of India for winning this year’s Innovation Awards. These organizations are at the forefront of industry-wide payments innovation. This innovation that eventually manifests itself into the different facets of operational excellence—including growth, cost savings and faster delivery of customer value—is truly worthy of recognition,” said Craig Saks, executive vice president and chief product officer, ACI Worldwide. “We are fortunate to have thousands of incredible customers from around the world—like AGS, Ent and Union Bank—that continue to push the boundaries in payments, much to the benefit of their customers.”

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