ACI Worldwide To Power Payments for U.K. Retailer Co-op in Cloud
11 Janeiro 2024 - 4:00AM
Business Wire
- Leading U.K. retailer Co-op has successfully moved its full
stack of payments and fraud prevention software into ACI’s
multi-tenant cloud platform hosted in Microsoft Azure.
- Migration will enable Co-op to run its operations more
efficiently, providing scalability, security and enhanced data
protection.
ACI Worldwide (NASDAQ: ACIW), a global leader in
mission-critical, real-time payments software, today announced that
leading U.K. retailer Co-op has successfully moved its full stack
of payments and fraud prevention technology software into ACI’s
multi-tenant cloud platform hosted in Microsoft Azure.
As a strategic technology partner of ACI Worldwide, Co-op uses
the full range of solutions offered by ACI Payments Orchestration
Platform, including in-store, online and mobile payment processing
and end-to-end payments and fraud management.
Moving its payments software into the cloud will enable Co-op to
operate more efficiently, providing scalability, security and
enhanced data protection. The migration, which has been completed
successfully, follows ACI’s announcement of an expanded multi-year
strategic alliance with Microsoft to deliver payment solutions in
the cloud.
ACI’s relationship with Microsoft also supports ACI’s AI-powered
anti-fraud processing model, featuring patented, proprietary
incremental learning technology that allows clients to run payment
operations securely and with high resiliency, all while protecting
transactions and customers’ privacy.
“We are extremely happy about the successful completion of this
very challenging and complex project, for which ACI’s support and
expertise has been invaluable,” commented Paul Fletcher, principal
solution architect, Co-op Group. “We are always looking for new
ways to meet the needs of our member-owners and customers with the
security of data paramount in our approach. The nature of the
technology means we’ll be able to do things faster and more
efficiently, and deliver new, seamless and secure payments
experiences to our customers.”
“Our alliance with Microsoft has accelerated and expanded ACI’s
cloud payment offerings in Microsoft Azure,” commented Scotty
Perkins, head of product management innovation and modernization,
ACI Worldwide. “Co-op is a great example of how ACI’s flexibility,
proven technology and global expertise can help merchants and
financial institutions meet the increasing demands of digital
transformation as they increasingly embrace more efficient business
and operating models.”
About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time
payments software. Our proven, secure and scalable software
solutions enable leading corporations, fintechs and financial
disruptors to process and manage digital payments, power
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with a local
presence to drive the real-time digital transformation of payments
and commerce.
About Co-op
Co-op is one of the world’s largest consumer co-operatives with
interests across food, funerals, insurance and legal services.
Owned by millions of U.K. consumers, the Co-op operates over 2,400
food stores, over 800 funeral homes and provides products to over
5,000 other stores, including those run by independent co-operative
societies and through its wholesale business, Nisa Retail Limited.
Employing almost 60,000 people, the Co-op has an annual turnover of
over £11 billion and is a recognized leader for its social goals
and community-led programs. The Co-op exists to meet members’ needs
and stand up for the things they believe in.
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Payments, Inc., ACI Pay, Speedpay and all ACI product/solution
names are trademarks or registered trademarks of ACI Worldwide,
Inc., or one of its subsidiaries, in the United States, other
countries or both. Other parties’ trademarks referenced are the
property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20240110191659/en/
Media Nick Karoglou: nick.karoglou@aciworldwide.com
Katrin Boettger: katrin.boettger@aciworldwide.com
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