Worldpay and ACI Worldwide have announced a partnership in which Worldpay will use ACI’s Up eCommerce Payments solution.
The solution will be utilised to accelerate the implementation of alternative payment methods (APMs) to Worldpay’s global network.
In addition, Worldpay will use ACI’s solution to broaden the number of APMs available in different regions across the globe. It will also speed up the time to market for merchants.
Furthermore, the relationship will allow Worldpay to deepen its commitment to innovation. UP eCommerce Payments is an integrated payments gateway and risk management solution that gives merchants access to a global payments network. It also supports hundreds of ways to pay across more than 160 countries.
“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,” commented 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.”
“Industry research shows that offering the top three payment methods in any market, rather than only the top one, can increase merchants’ conversion rates up to 30%,” said Benny Tadele, vice president – merchant solutions, ACI Worldwide. “In Europe, this is particularly important, with a wide selection of payment preferences, including traditional cards, e-wallets and mobile wallets, online bank transfers and invoices. Today, payment methods once described as nascent can quickly become mainstream, especially in a mobile-first world. UP eCommerce Payments enables Worldpay to quickly take advantage of new emerging payment trends.”
In March 2019, FIS agreed to buy Worldpay in a cash-stock transaction valued at around $43bn.
The combined group provides payments, enterprise banking, capital markets, and global e-commerce capabilities.
The combined company will be based in Florida and plans to operate under the FIS brand.