Hand holding credit card in silver tray with icon. Illustration about spending and payment.

ACI Worldwide, a US-based payments solutions provider, has unveiled a series of new card management features to provide payment flexibility to financial institutions amid the coronavirus (Covid-19) crisis.

The features are rooted within its ACI Issuer product as part of its Covid-19 rapid response programme.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

ACI Issuer is a customisable card management system that supports any type of payment and offers advanced analytics, reporting and loyalty management.

The solution, according to the company, will not only help banks in responding more quickly to market demands and regulations but also help consumers facing financial difficulties due to the pandemic.

The ACI Issuer’s ‘Installment Pay Option’ allows banks to offer customers a payment instalment plan for one-time purchases and set up a repayment schedule for the same to avoid delinquencies.

The platform enables banks to temporarily hold interest or penalties by offering a full or partial payments holiday.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Banks can also use the platform to bypass the credit card expiry date for certain transaction types so that customers can still access their cash and make payments, the company added.

Cardholders can make certain limited transactions based on the type of the card. For instance, a cardholder cannot use cards meant for business travel to buy groceries.

The ACI Issuer platform enables banks to allow business customers to issue virtual cards.

ACI Worldwide EVP Ruth Fornell said: “We are actively working with banks and financial intermediaries around the world, so they can help their customers during this time of economic uncertainty and increasing financial stress.

“The features within ACI Issuer enable consumers and businesses to better manage their finances during this crisis.”