MerchantWired Launches Financial Technology Solutions for Retail Industry.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Feb. 26, 2001 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 And MerchantWired Partner To Deliver Streamlined Payment Solutions to Retailers MerchantWired, a leading business and technology solutions provider for the retail industry, today announced it is launching its Financial Technology Solutions designed to provide comprehensive payment solutions to the retail industry. In bringing this industry-leading solution suite to the retail market, MerchantWired has partnered with ACI Worldwide (Nasdaq: TSAI TSAI Transaction Systems Architects Inc ), a leading international provider of enterprise e-payment software, to provide the first of many revenue and service enhancing solutions to retailers. Leveraging MerchantWired's state-of-the-art technology infrastructure and ACI's e-payment software, retailers can now benefit from comprehensive payment solutions. These new payment solutions will drive new revenue opportunities through faster and more reliable transaction processing, increased customer throughput, and enhanced targeted marketing capabilities. Retailers will also benefit from lower operating cost through the reduction of fraud and charge back expenses, empowering customers with self-service capabilities, and introducing new electronic payment technologies that expedite the shift away from more expensive forms of payment. "Currently, individual purchases can take up to a minute to process with slow, less cost-effective dial-up connections. By utilizing MerchantWired's always on, high-speed network, we will reduce retailers' transaction times and costs exponentially," said James Giuliano, III, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MerchantWired. "Leveraging the technology infrastructure that our partnership with ACI provides, retailers will now have the enhanced information and solutions they need to monitor buying trends, track merchandising effectiveness and meet customer needs during the buying process." The launch of MerchantWired's Financial Technology Solutions and partnership with ACI Worldwide are a further demonstration of MerchantWired's commitment to deliver best-of-breed technology solutions to the retail industry. Operating in an application service provider (ASP) environment, MerchantWired allows retailers to deploy applications quickly and cost-effectively without disruption to their existing processes and the additional investment in the software, hardware, and network capabilities required to run the applications. "We are pleased that MerchantWired has selected ACI Worldwide's technology to fuel their new e-payments initiatives," said Mark Vipond, president of ACI Worldwide. "We hope to play an integral role in their overall value proposition in the retail segment, and are excited to have the opportunity to work with MerchantWired to advance our solutions in this key market for ACI." About ACI Worldwide ACI Worldwide (Nasdaq: TSAI) helps the world move money. Every minute of every day, retailers, financial institutions and networking industries rely on ACI solutions to manage e-payments and information. As a leading international provider of e-commerce and e-payment solutions, ACI maintains operations in the Americas, Europe/Middle East/Africa and Asia/Pacific. More than 2,400 customers in 80 countries use ACI distributed solutions. Visit ACI Worldwide on the Internet at www.aciworldwide.com. About MerchantWired MerchantWired (www.merchantwired.com), a leading business and technology solutions provider for the retail industry, designs and implements advanced, revenue-enhancing services and systems. MerchantWired was founded in 1999 by retail industry experts who understand the specific business needs of retailers. An expert source of technology solutions for the retail environment, MerchantWired works in partnership with a coalition of property owners including The Macerich Company (NYSE NYSE See: New York Stock Exchange : MAC), The Rouse Company (NYSE: RSE RSE Relative Standard Error RSE Responsabilidad Social Empresarial (Spanish) RSE Royal Society of Edinburgh (UK; also seen as TRSE) RSE Rear Seat Entertainment (Volvo) ), Simon Property Group Simon Property Group, Inc. (NYSE: SPG), also known as SIMON, an S&P 500 company headquartered in Indianapolis, Indiana, is the largest developer of shopping malls in the United States. Simon Property Group, Inc. (NYSE: SPG SPG - System Program Generator. A compiler-writing language. ["A System Program Generator", D. Morris et al, Computer J 13(3) (1970)]. ), Taubman Centers, Inc. (NYSE: TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ), Urban Shopping Centers, Inc. (NYSE: URB URB USB (Universal Serial Bus) Request Block URB Urbanización (district; postcode use, Puerto Rico) URB University Radio Bath (UK) URB Upright Bass ), and Westfield America, Inc. (NYSE: WEA WEA Weather WEA World Evangelical Alliance WEA Washington Education Association WEA Wilderness Education Association WEA Workers' Education Association WEA WebSphere Everyplace Access (IBM) WEA Wisconsin Education Association ). MerchantWired also has strategic alliances with technology partners such as Cisco Systems, Inc., IBM, AT&T, and Intermedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University). Communications. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion