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More than 50 Percent of Retailers Not Fully Prepared as EMV Deadlines ApproachWith only nine months until the EMV migration deadline, retail and technology professionals are still unprepared, according to a recent survey by ACI Worldwide (NASDAQ: ACIW). The survey of 200 retail industry professionals was conducted in January 2015 at the National Retail Federation's 104th Annual Convention and Expo, "The Big Show," in New York. Principle findings of the survey included:
Data Breaches Raise Eyebrows, But Not Checkbooks "Data breaches are top-of-mind for retailers, which have already or are planning to increase payment security spending, yet a sizable number of those surveyed are not fully prepare for meeting EMV timelines. At the same time, consumers want assurances that their data will never be compromised when they make purchases," said Lynn Holland, vice president, ACI Worldwide (News - Alert). "Many retailing customers with which we speak to are taking steps to address the EMV requirements, but like any major undertaking, are trying to manage this along with other payment security, IT and technology initiatives."
All Eyes on Omni-channel Mobile payment acceptance is also top-of-mind for investments this year, and respondents were particularly confident in Apple's (News - Alert) strategy. The release of Apple Pay in late 2014 spurred renewed focus on the mobile channel, and more than twice as many respondents selected Apple as the champion of mobile payments over other key players including Google, PayPal (News - Alert), and MCX.
Survey Methodology About ACI Worldwide ACI Worldwide, the Universal Payments company, powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions for more than 250 of the leading global retailers, and 21 of the world's 25 largest banks. Through our comprehensive suite of software products and hosted services, we deliver a broad range of solutions for payment processing; card and merchant management; online banking; mobile, branch and voice banking; fraud detection; trade finance; and electronic bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2015. 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.
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