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ING Direct Selects ACI Worldwide for Transaction Monitoring Across Seven Countries; ING Direct to Roll Out ACI Proactive Risk Manager(TM) Globally to Counter Fraud and Money Laundering
OMAHA, Neb. --(Business Wire)-- Aug. 18, 2005 -- ACI Worldwide (Nasdaq:TSAI), a leading international provider of enterprise payment solutions, today announced the licensing of its leading edge risk management software to ING Direct. The direct retail bank will use ACI Proactive Risk Manager(TM) software to ensure low fraud loss rates and aid compliance with international and local anti-money laundering regulations. ING Direct has successfully implemented the software at its operations in Canada, the U.S., the UK, Australia, France, Italy and Spain. The bank is part of ING Group, one of the 20 largest financial institutions worldwide.
ING Direct sought a flexible solution that would deliver an enterprise-wide view of transaction monitoring that ultimately enhances their ability to combat fraud losses and money laundering in a cost-effective manner. The direct retail banking giant chose ACI Proactive Risk Manager, a comprehensive monitoring, detection and prevention solution. The software provides the flexibility required for ING Direct's implementation within seven individual countries while maintaining worldwide operational synergies via a single solution. The bank cited ACI's proven fraud solutions, its global presence and the company's ability to initiate timely implementations as key factors in the decision.
"We are seeing a pressing industry need for an enterprise-wide risk management solution that can take a single view of the business," said Richard Launder, managing director of ACI Worldwide. "By taking an enterprise-wide approach, organisations are able to see more in a shorter amount of time, minimise losses and help preserve their customer relationships. Our customers consistently acknowledge that the use of Proactive Risk Manager helps them achieve some of the lowest fraud rates in the industry."
ACI Proactive Risk Manager offers ING Direct a user friendly analysis and review solution with advanced levels of analytics to monitor transactions. ACI's industry leading expertise from project implementation to daily ongoing support will enhance the productivity of ING Direct analysts and increase workflow efficiencies.
About ING Direct
ING Direct began operating in Canada in 1997 and has over 11,500,000 customers with a deposit base of more than $151 billion (January 2005). Its flagship product is a high variable interest savings product with no bank fees, no minimum balance and no fixed term. Unlike traditional banks, ING Direct does not maintain a branch network with customers accessing their funds via telephone, the Internet or mail.
ING Group is a global financial services company of Dutch origin with 150 years of experience, providing a wide array of banking, insurance and asset management services in over 50 countries. Based on market capitalization, ING is one of the 20 largest financial institutions worldwide and in the top 10 in Europe.
About ACI Worldwide
Every second of every day, consumers are initiating electronic payment transactions--getting cash at ATMs, using debit and credit cards to make purchases in stores and on the Internet, banking by phone and PC, and paying bills online. Over 50 billion times a year, ACI software is used to process these transactions, powering the world's online payment systems. ACI was founded in 1975 and pioneered the development of applications and networking software for online transaction processing. Today more than 500 customers in 78 countries use ACI supplied software to route and authorize electronic payment transactions; detect fraud and money laundering; issue and manage magnetic stripe and smart cards; deliver secure electronic correspondence; and automate payment settlement and claims processing. Visit ACI Worldwide on the Internet at www.aciworldwide.com.
Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding Transaction Systems Architects, Inc.'s ("TSA"), its subsidiaries or third parties' expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially.
For a detailed discussion of these and other risk factors, interested parties should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K filed on December 14, 2004, the Company's Form 10-Q/A filed on February 18, 2005, the Company's 10-Q filed on May 10, 2005, the Company's Form 8-K filed on July 1, 2005, and the Company's Form 10-Q filed on August 9, 2005.
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