(Omaha, NE. - November 17, 2003) - ACI Worldwide, (NASDAQ: TSAI), a leading
international provider of enterprise e-payment solutions, and Boston Communications Group, Inc. (NASDAQ: BCGI), a leading provider of transaction
processing solutions for real-time wireless subscriber management, payment
services, billing and customer care, have signed a multiyear agreement to
integrate bcgi ATM Recharge with ACI's BASE24Â® ATM driving software. Upon
integration, ACI will have the ability to license the bcgi ATM Recharge Interface, a fully supported, end-to-end solution for prepaid wireless top-up at the ATM, to its BASE24 customers throughout the U.S.
The agreement creates a competitive prepaid wireless recharge interface offered and supported by ACI. Increasing consumer options for where and when they can recharge their prepaid accounts in real time, the interface makes it possible for banks to take advantage of the revenue generating opportunities presented by prepaid wireless growth nationwide. According to Boston-based research firm Yankee Group, prepaid wireless is growing faster than postpaid service and is expected to account for 30 percent of all wireless customers by 2006. In addition, TowerGroup, a research and consulting firm focused on the global financial services industry, expects ATM-initiated mobile top-ups to account for seven percent of all top-ups in the U.S. by 2007.
"As banks seek new, compelling offerings to increase foot traffic and squeeze more revenue out of their ATMs, it is critical for us to provide our customers with payment solutions, like prepaid wireless recharge, that deliver value and convenience," said Rick Duvall, Senior Product Manager at ACI Worldwide. "With its industry-leading real-time transaction processing platform, bcgi is the ideal partner to introduce mobile top-up to our customers."
ACI's BASE24 software modules, which drive an estimated one third of all ATM
transactions in the U.S., provide transaction routing and authorization, host and interchange interfaces, settlement, management reporting, network control, and chip card functionality. The system provides organizations with a high-performance, fault-tolerant solution for delivering services, like bcgi ATM Recharge, through ATMs, kiosks and self-service devices.
"As a respected provider of software to the largest financial institutions in the world, ACI provides us with a unique opportunity to expand our distribution network and offer our wireless carriers a more cost-effective and convenient means for subscribers to top up their prepaid mobile accounts," said E.Y. Snowden, president and CEO of bcgi. "At the same time, bcgi and ACI are working together to help banks take advantage of revenue opportunities by reducing the cost and deployment time necessary to implement prepaid wireless account recharge at ATMs."
bcgi ATM Recharge is an end-to-end, managed solution that enables prepaid wireless subscribers to top up their accounts in real time at participating ATMs, including those that display the Wireless WalletÂ® acceptance mark. Uniting wireless carriers with ATM operators, bcgi's platform acts as the bridge between the carrier and the ATM network, enabling both parties to offer enhanced services to attract customers and generate revenues. bcgi ATM Recharge, which is interoperable with multiple carrier billing platforms and multiple banking networks, delivers day-to-day transaction support, including real-time processing, post-sale reconciliation, reporting, funds settlement and point-of-sale (POS) tax compliance.
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