AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

1st Source Bank Taps ACI Worldwide to Accelerate Digital Banking Across the Midwest

May 6, 2019

NAPLES, Fla.--(BUSINESS WIRE)--May 6, 2019--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time  electronic payment and banking solutions, today announced that 1st Source Bank, the largest locally-controlled financial institution headquartered in northern Indiana, has selected ACI’s cloud-based digital banking solution, Universal Online Banker, to meet the shift in market demand toward digital banking and mobility.

1st Source Bank delivers a comprehensive range of banking services to consumers and businesses. In order to keep pace with the evolving digital economy and increase its industry footprint against larger financial institutions and fintech disruptors, the bank sought to provide its customers with a modern and secure digital banking experience. In addition, the bank looked to provide consistent interactions across all devices – mobile, tablets and desktops. With ACI’s Universal Online Banker, 1st Source will be able to improve customer experience and develop new revenue streams.

“Providing outstanding customer service and superior quality banking services have always been at the core of what we do,” said Jim Seitz, president, 1st Source Bank. “With ACI’s digital banking solution, we’re able to offer sophisticated online banking tools that help our customers manage their cash flows, make payments and instantly assess the financial status of their business. In addition, with APIs offered through ACI’s cloud-based solution, we’re able to innovate and create new services that keep up with customer expectations.”

“Investing in new digital banking technology has become table stakes for banks to remain competitive in today’s market,” said Jim Gillespie, vice president, Banking Solutions, ACI Worldwide. “This requires banks to continuously update and improve their cash management platforms to grow their business and meet new customer expectations. With ACI’s cloud-based Universal Online Banker, 1st Source is set to take advantage of the digital banking transformation and successfully compete with larger institutions and disruptors in the space.”

ACI’s cloud-based Universal Online Banker empowers banks to offer numerous features and services to their commercial and business banking customers. It incorporates industry-leading security and includes an extensive library of APIs, and the ease of access through mobile, tablets and desktops allows banking customers to manage their cash position wherever and whenever they want. The solution was recognized as “Best-in-Class” in the AIM Evaluation: The Leading Providers of U.S. Cash Management, 2018 report from Aite Group. As the market advances in real-time payments, ACI will offer real-time payments origination and receipt tracking as part of Universal Online Banker, which supports transactions sent by banks’ business customers to The Clearing House (TCH) real-time payments (RTP) network. ACI’s UP Immediate Payments solution further extends this origination, which enables TCH RTP message clearing and connectivity.

ACI will showcase digital banking, faster payments and cybersecurity at NACHA Faster Payments 2019 at booth # 417, May 5-8. For more information, visit ACI at NACHA Faster Payments 2019.

About ACI Worldwide
ACI 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.

© Copyright ACI Worldwide, Inc. 2019
ACI, ACI Worldwide, the ACI logo, ACI Universal Payments, UP, the UP logo and all ACI product/solution 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190506005128/en/

CONTACT: Dan Ring

E-mail:dan.ring@aciworldwide.com

Phone: 781-370-3600

Nidhi Alberti

Email:nidhi.alberti@aciworldwide.com

Phone: 781-370-3600

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE OTHER TECHNOLOGY SECURITY PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: ACI Worldwide

Copyright Business Wire 2019.

PUB: 05/06/2019 08:00 AM/DISC: 05/06/2019 08:01 AM

http://www.businesswire.com/news/home/20190506005128/en