ACI Worldwide Adopts GlobeSet's Electronic Commerce Products and Services for Banks, Retailers and Processors.BOSTON--(BUSINESS WIRE)--March 23, 1999--GlobeSet Inc., the world's largest OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and provider of software solutions for electronic commerce, announces that it has completed an original equipment manufacturer (OEM) agreement with 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 NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TSAI TSAI Transaction Systems Architects Inc ). The agreement enables ACI to license, sell, integrate and support Internet-based transaction and payment processing solutions and services from GlobeSet. ACI Worldwide, based in Omaha, Neb., distributes and supports application software that facilitates electronic funds transfers See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. for banks, retailers and service processors around the world. ACI's more than 2,200 customers' process more than 16 billion transactions each year on more than 3,000 product systems in over 70 countries around the world. The company's products operate on a variety of hardware platforms Each hardware platform, or CPU family, has a unique machine language. All software presented to the computer for execution must be in the binary coded machine language of that CPU. Following is a list of the major hardware platforms in existence today. See platform. including Tandem, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). and Microsoft Windows NT. Adding GlobeSet's products to ACI's i24(tm) product family substantially expands the company's electronic commerce offerings worldwide. "GlobeSet has an established reputation for developing high performance applications for secure electronic commerce," said Mark Vipond, vice president, Consumer Banking Group, Transaction Systems Architects Inc. (ACI's parent company). "We welcome the opportunity to work with GlobeSet to provide ACI customers with the Internet payment solutions and services needed to move forward in the world of electronic commerce." GlobeSet's server-based payment products and services enable secure transactions over open networks such as the Internet in retail and business-to-business markets. The products for banks, processors, online merchants, commerce service providers and portals are designed for operations center deployment, where they serve as secure front ends that enable electronic commerce systems to work with currently installed back-end systems at banks and financial institutions. In 1998 GlobeSet, ACI and others cooperated on getting SET payment messages routed to BASE24(R) systems that adhered to the ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 8583 standard. The ISO 8583 standard is used to transmit financial transactions between merchants, institutions, switch networks and processors. "GlobeSet is extremely pleased to be selected by ACI as their electronic commerce technology provider for their well-respected i24 line of products," said Dennis Jolly, vice president, Sales, Marketing and Operations, GlobeSet. "The scope of ACI's worldwide reach in the financial and retail communities is a tremendous benefit for us. Together we will provide and deliver secure and robust applications for business-to-consumer and business-to-business electronic commerce solutions." About GlobeSet GlobeSet Inc., is the world's largest OEM provider of software solutions for electronic commerce. The company's server-based products enable e-commerce production deployment and offer a migration path across multiple evolving transaction/certificate standards. With offices in the United States, Europe, and Asia Pacific, GlobeSet's OEM partners have implemented numerous electronic commerce solutions around the world for major banks, retailers and financial processors. Founded in 1994, GlobeSet Inc. is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation headquartered in Austin, Texas. Additional information about GlobeSet can be found at http://www.globeset.com About ACI Worldwide ACI Worldwide (NASDAQ:TSAI) is helping customers change the way the world works with software products developed for consumer banking, corporate banking, retail and system solutions. The company maintains operations in the Americas, Europe/Middle East/Africa and Asia/Pacific and is a leading international provider of software for electronic commerce and electronic payments. ACI Worldwide distributed solutions are used by more than 2,200 customers in 70 countries. Visit ACI Worldwide on the Internet at www.aciworldwide.com. |
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