October 28, 2021

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ACI Around the world and PayPal Deliver Electronic Wallet Possibilities for Invoice Payments

MIAMI–(Business WIRE)–ACI Around the world (NASDAQ: ACIW), a leading worldwide provider of authentic-time digital payment software program and methods, currently introduced a collaboration with PayPal to deliver digital wallet payment choices to ACI’s biller shoppers like Monroe County Water Authority (MCWA). PayPal and Venmo will be integrated with ACI Speedpay, providing buyers additional choices to make monthly bill payments conveniently and securely working with the electronic techniques that fit them ideal.

Monroe County H2o Authority, a not-for-income community benefit company that offers drinking water to hundreds of 1000’s of clients in excess of parts of six counties in the Rochester, NY location, applied PayPal for its prospects, with options to insert Venmo as properly, owing to substantial demand for these checkout choices. A the latest ACI Speedpay Pulse study confirmed that more than 50 % (56%) of Gen Z and millennial people surveyed would consider shelling out a monthly bill with a digital payment technique like Venmo or PayPal if supplied the solution. With this combination, Monroe County Drinking water Authority can now greater cater to customers’ developing digital wallet payment choices.

“We are delighted to supply PayPal and Venmo as payment possibilities for our consumers through PayPal’s integration with ACI Speedpay,” explained Felicia Romagnolo, supervisor of Consumer Companies, Monroe County Drinking water Authority. “As purchaser desire for a lot more electronic payment alternatives, which includes electronic wallet payment techniques and the skill to fork out in increments or at a later on date, has increased in the bill payments sector, we can conveniently fulfill our customers’ evolving wants.”

“For much too prolonged, spending costs has been a hard cash or check out process that is inherently inefficient and pricey to both equally consumers and billers. The earlier 12 months and the increased digitization of commerce has demonstrated the benefit digital wallets can supply not just to merchants, but also to billers and other support vendors,” said Dan Leberman, senior vice president of partnerships, PayPal. “Our function with ACI – and making use of its substantial field understanding – is an important stage for us to not just digitize the monthly bill pay market, but present a trusted electronic wallet for its prospects and finally, the billers’ customers.”

“Digital payment methods continue on to raise as people seem for extra strategies to make payments conveniently and securely, and we be expecting this pattern to keep on,” said Sanjay Gupta, government vice president, ACI All over the world. “Forward-considering businesses like Monroe County H2o Authority figure out these modifying buyer choices, giving far more solutions to fork out in means that very best match them. This perform with PayPal provides buyers the digital monthly bill payment solutions they like.”

ACI Speedpay is an built-in suite of invoice presentment and payment expert services that empowers the good results of hundreds of consumers throughout multiple verticals, like Client Finance, Authorities, Education, Health care, Insurance policy, Telco and Cable, Subscriptions, and Utilities. The solution’s cell wallet billing, payment and notification abilities boost purchaser expertise although minimizing charges.

About ACI Throughout the world

ACI All over the world is a world wide software package firm that offers mission-crucial serious-time payment solutions to corporations. Shoppers use our confirmed, scalable and secure remedies to process and manage electronic payments, help omni-commerce payments, current and course of action monthly bill payments, and handle fraud and chance. We incorporate our international footprint with neighborhood presence to push the actual-time electronic transformation of payments and commerce.

© Copyright ACI Around the globe, Inc. 2021

ACI, ACI Globally, ACI Payments, Inc., ACI Pay out, Speedpay and all ACI product/solution names are logos or registered logos of ACI Around the globe, Inc., or just one of its subsidiaries, in the United States, other nations around the world or both of those. Other parties’ trademarks referenced are the home of their respective entrepreneurs.