ACI Dives Deep Into Retailer Cloud Services With PAY.ON Acquisition

by Tim Sloane 0

ACI has acquired PAY.ON, a cloud platform that delivers acquirers a complete eCommerce payment gateway solution that includes support for over 300 payment types and deep technology to manage fraud:

“NAPLES, Fla.–(BUSINESS WIRE)–ACI Worldwide (NASDAQ: ACIW), a leading global provider of electronic payment and banking solutions, and PAY.ON, a leader in eCommerce payment gateway services, today announced that they have entered into a definitive transaction agreement. Under the terms of the agreement, ACI will acquire 100 percent of the equity of PAY.ON in a combination of cash and stock valuing the company at €180 million (approximately $200 million).

Based in Munich, Germany, PAY.ON delivers a white label global payment gateway solution to payment services providers (PSPs) and acquirers globally. PAY.ON’s solution features connectivity to more than 300 alternative payment methods and card acquirers in more than 160 countries. This global coverage helps merchants and PSPs to increase international revenues, dramatically reduce costs and risk, and accelerate market expansion.

PAY.ON’s advanced SaaS-based eCommerce gateway solution complements and strengthens ACI’s UP Retailer Payments offering, positioning ACI as a highly differentiated omni-channel payments leader. The combined ACI/PAY.ON solution provides merchants and PSPs the ability to deliver a seamless omni-channel customer payment experience in any retailer modality – in store, mobile, online – with both on premise and SaaS delivery options.”

This acquisition leverages the ACI acquisition of Retail Decisions (ReD) in August of last year, as PAY.ON utilizes ReDs fraud management solutions, and provides ACI a fully rounded SaaS based payments solution.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

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