Worldpay teams with ACI to power APM acceptance
Global payments processing firm Worldpay has chosen ACI Worldwide’s technology to drive global acceptance of Alternative Payment Methods (APMs), reports Jane Connolly.
Through ACI’s UP eCommerce Payments solution, which supports hundreds of ways to pay in more than 160 countries, Worldpay will be able to increase the number of APMs available to its customers and reduce time to market for merchants.
The integrated payments gateway and risk management solution is a platform-based, open payments architecture that can be individually configured, with just a single integration and no need for extra infrastructure.
Merchants can access cross-border payment processing, local acquiring solutions, advanced business intelligence tools and real-time fraud prevention capabilities.
“Working with a proven leader like ACI Worldwide not only enables us to offer our clients fast and seamless access to a growing number of APMs in new markets, it allows Worldpay to focus even more on developing new innovative services and technology solutions,” says Asif Ramji, chief product and marketing officer at Worldpay.
“As more of our merchants expand into cross-border and cross-channel trade, offering local payment types that are recognised, trusted and utilised by consumers is an increasingly important factor for business success.”
According to Benny Tadele, vice president of merchant solutions at ACI Worldwide, offering the top three payment methods in any market, rather than just the top one, can increase merchants’ conversion rates by up to 30%.
