ACI Worldwide Consents to Issuance of U.S. Consumer Financial Protection Bureau Consent Order
27 Junho 2023 - 10:35AM
Business Wire
ACI Worldwide (NASDAQ: ACIW), a global leader in
mission-critical, real-time payments software, today announced that
the Company has consented to the issuance of a Consent Order with
the U.S. Consumer Financial Protection Bureau (CFPB) relating to
the previously disclosed inadvertent transmission of ACH files
associated with one of the Company’s mortgage servicing customers
to the ACH network during a test of the Company’s Speedpay bill
payment platform in April 2021.
At the time, Speedpay was a recently acquired addition to ACI’s
portfolio, and the inadvertent transmission occurred shortly after
the Company assumed management of Speedpay’s legacy data
environment. An internal review determined that ACI’s policies and
procedures were not followed. ACI took swift action to reverse the
ACH entries and prevent any consumer loss. At all times during and
after the error, consumers’ money and personal information remained
safe.
ACI consented to the issuance of the Consent Order without
admitting any wrongdoing to avoid the expense and distraction of
litigation. The Company believes the prompt conclusion of this
matter is the best path forward and is in the interest of its
employees, shareholders, and customers. The settlement of a
consumer class action arising out of the error was approved in
court last month. ACI expects most of the costs will be covered by
third parties in both matters.
Under ACI's ownership, the Speedpay platform complies with a
rigorous set of controls and oversight. Immediately after the
inadvertent transmission, ACI adopted additional controls,
including automation, to prevent such errors from occurring within
the Speedpay environment.
ACI has comprehensively implemented robust risk and information
security programs that are routinely audited by regulators and
assessed by independent third parties. ACI’s policies, procedures
and information systems remain strong and are continuously
improving, as the Company constantly takes steps to ensure it meets
ongoing regulatory, business and security requirements.
ACI is dedicated to accelerating global commerce and will
continue to meet the payments needs of its customers and consumers
with an unwavering commitment to integrity and accountability.
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.
© Copyright ACI Worldwide, Inc. 2023
ACI, ACI Worldwide, ACI 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230627584746/en/
Media: Nick Karoglou: nick.karoglou@aciworldwide.com
ACI Worldwide (NASDAQ:ACIW)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
ACI Worldwide (NASDAQ:ACIW)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024