ACI Worldwide and PAX Bring Additional Payment Terminal Options for Merchants Globally

ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, and PAX, a global leader in the
provision of secure electronic payment terminal solutions, have entered
into a non-exclusive global agreement to offer additional payment
terminal options for merchants worldwide. In addition, PAX payment
terminals will be the first to receive nexo certification with ACI’s UP
Merchant Payments solution. nexo certification enables fast,
interoperable and borderless payments acceptance by standardizing the
exchange of payment acceptance data between merchants, acquirers,
payment service providers and other payment stakeholders.

PAX is ranked as one of the top global payment terminal solution
suppliers, and offers a wide variety of merchant payment terminals,
including point-of sale options such as Inlane, mobile and MPOS.
Simplifying implementation for merchants that want to use the solution
globally, PAX’s terminal software architecture facilitates easy
integration with ACI’s UP Merchant Payments solution. The combination of
PAX with UP Merchant Payments leverages the open, universal ISO20022
nexo standard and supports mixed estates, allows additional
functionality to be incorporated, and eases integration with other card
processing systems.

“Partnering with a global payments leader like ACI builds on our strong
global presence for delivering innovative payment solutions required by
today’s leading merchants,” said Andy Chau, CEO, PAX, US. “With ACI, we
will provide merchants the flexibility to manage operational
efficiencies and cost savings by providing more payment options for
their customers.”

“Merchants want choice when it comes to deploying payment technologies
like contactless and mobile point-of-sale,” said Lynn Holland, vice
president, merchant solutions, ACI Worldwide. “Our collaborative
partnership with PAX has already generated considerable interest from
merchants, as it empowers them to offer more payment options to their
customers worldwide. Moreover, the nexo standards benefit merchants
struggling to support numerous interface protocols and certifications.

ACI’s UP Merchant Payments solution offers merchants a secure
omni-channel payments platform that provides flexibility to fit
strategic channel needs along with the scalability to meet sales growth.
ACI’s cloud-based, omni-channel payments solutions support customer
loyalty and revenue growth by providing a seamless payments experience,
whatever the channel, geography, payments type or fulfilment option
desired by the merchant.

About ACI WorldwideACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment services. Through our comprehensive
suite of software solutions delivered on customers’ premises or through
ACI’s private
cloud, we provide real-time, immediate
payments capabilities and enable the industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.

About PAX (www.pax.us)PAX
Technology is an innovative global provider of electronic payment
solutions, offering world-class, cost-effective and superior quality
products. Building on its service excellence and proven leadership
position, PAX is one of the fastest growing payment industry suppliers
with state-of-the-art manufacturing facilities, excellent R&D
capabilities and a worldwide network of sales and channel partners. PAX
is listed on the Hong Kong stock exchange as PAX Global Technology Ltd.
(00327.HK).

© Copyright ACI Worldwide, Inc. 2018.ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo,
ReD, PAY.ON and all ACI product 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.

Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI’s sole discretion. ACI
is providing the following information in accordance with ACI’s standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing
decision.

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