Payments solutions provider AGS Transact Technologies announced a strategic alliance with ACI Worldwide, the leading global provider of real-time electronic payment and banking solutions. The alliance will bring ACI’s Universal Payments capabilities to the Indian market via a comprehensive cloud-based managed services offering that integrates cross-channel payments, fraud prevention and transaction management capabilities. Worldwide, ACI executes $14 trillion payments each day for more than 1000 of the largest financial institutions and intermediaries as well as thousands of leading merchants. The combination of AGS Transact Technologies’ existing outsourcing capabilities and dominant market presence in India with ACI’s robust fraud and payments solutions and industry experience will directly address needs in the Indian market. Craig Saks, group president, Strategic Products, ACI Worldwide, said using a hosted model, provided by a trusted and well respected partner such as AGS Technologies, customers in India will be able to rapidly deploy relevant solutions across multiple channels – with a dramatically lower total cost of ownership. According to Ravi Goyal, CMD, AGS Transact Technologies, the collaboration uniquely enables the company and ACI to collectively address a critical need impacting the Indian financial services and retail markets to develop a ‘one-stop-shop’ platform for payments, fraud and transaction management capabilities.
