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ACI Worldwide partners with RYVYL EU to boost CEE merchant revenue

EditorEmilio Ghigini
Published 02/13/2024, 05:08 AM
Updated 02/13/2024, 05:08 AM
© Reuters.

MIAMI - ACI Worldwide (NASDAQ: NASDAQ:ACIW), a notable provider of real-time payments software, has announced a partnership with RYVYL EU, a significant payments service provider and acquirer in Central Eastern Europe. The collaboration aims to help merchants in the region enhance their revenue streams by improving transaction conversion rates.

RYVYL EU, an EU-regulated electronic money institution based in Sofia, Bulgaria, and a subsidiary of RYVYL Inc. (NASDAQ: RVYL), will integrate its eCommerce merchants and PSP customers onto ACI's Payments Orchestration Platform. This platform has been recognized for its ability to streamline payment processes, offering a single solution for optimal conversion rates and reduced operational costs. The move is expected to provide a more efficient and secure customer experience.

Daniela Ivanova, CEO of RYVYL EU, expressed enthusiasm about the partnership, stating that it aligns with their commitment to remain at the forefront of payment processing technology. She anticipates that the collaboration will enhance the customer experience for both merchants and PSPs, supporting RYVYL EU's growth in the merchant acquiring sector.

ACI's Payments Orchestration Platform is designed to be resilient and scalable, enabling organizations to improve customer interactions, maximize payment conversions, and swiftly integrate new payment types and technological advancements. It also aims to navigate the complex regulatory environment and diverse operating rules cost-effectively.

Nick Craig, head of Europe at ACI Worldwide, emphasized that the platform allows merchants to strategically orchestrate payments, manage multiple payment providers, acquirers, and banks, and offer a frictionless customer experience. This strategic approach is expected to contribute to increased revenues and business growth.

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ACI Worldwide is a global leader in mission-critical, real-time payments software, offering solutions that process and manage digital payments, power omni-commerce payments, and handle fraud and risk. This partnership with RYVYL EU is part of ACI's ongoing efforts to drive the real-time digital transformation of payments and commerce.

The information for this report is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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