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ACI Readies Canadian Customers for Interac Chip Card Migration; Customers Prepare for Interac Initiative via ACI's EMV-Compliant Software.


OMAHA Omaha, city, United States
Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857.
, Neb. -- ACI ACI American Concrete Institute
ACI Arch Coal Inc
ACI Airports Council International (formerly Airport Associations Coordinating Council)
ACI Automobile Club d'Italia
ACI American Competitiveness Initiative
 Worldwide (Nasdaq:TSAI TSAI Transaction Systems Architects Inc ), a leading international provider of enterprise payment solutions, today responded to the recent Interac Association decision to have a Canadian chip card infrastructure in place within two years by confirming that two Canadian customers have already licensed EMV-compliant software from ACI. Interac has announced an aggressive plan to offer shared services shared services,
n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them.
 using chip cards with a target of early 2007 for the first chip transaction. ACI Canada has worked closely with Interac on developing EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility)
EMV EuroPay, MasterCard, Visa (Smart debit cards)
EMV Europay, Mastercard and Visa
EMV Eftermiddagsverksamhet
 debit specifications and achieving full support of the specifications within ACI's core BASE24 solutions.

"Chip card solutions are a natural extension of our payments processing footprint," said Mark Vipond, president of ACI Worldwide. "Interac's migration to chip card technology represents a significant investment, and our products will enable Canadian financial institutions take advantage of this investment with proven, low-risk technology."

ACI provides application software and technical consultancy based on its extensive experience with EMV solutions around the world. The range of ACI's EMV-enabled software supports transactions initiated at multiple delivery channels, from ATMs and point-of-sale devices to wireless telephones and PCs connected to the Internet. ACI has added new features to its BASE24 and BASE24-es(TM) payment solutions to support the processing of EMV authentication and maximize our customers' existing payments infrastructure. These products, along with the ACI Card Management System(TM) and ACI Smart Chip Manager(TM), support the issuance and management of both magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals.  and chip cards, easing the migration to full EMV support.

"ACI's experience with other EMV initiatives provides our Canadian customers the opportunity to leap ahead of the curve in supporting EMV transactions," said David Grindal, director of sales support and marketing at ACI Canada. "Our BASE24 products support the EMV specifications for both the Canadian debit and credit markets, and our value-added products help customers manage the issuance of chip cards. We offer proven solutions to help customers fully participate in the Interac initiative."

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 45 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 See transaction processing and OLCP. . Today more than 500 customers in 79 countries use ACI supplied software. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. In addition, this press release may contain other forward-looking statements including statements regarding Transaction Systems Architects, Inc.'s ("TSA TSA

See tax-sheltered annuity (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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 filed on December 14, 2004, and the Company's Form 10-Q/A filed on February 18, 2005.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 12, 2005
Words:549
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