He will be focused on accelerating profitable growth., I am honored to be joining ACI as the Companys next CEO, said Mr. Almeida. Most recently, he served as an operating partner at Advent International Corp. Almeida will take over from interim President and CEO Craig Saks. ACI Worldwide, Inc. Announces Executive Changes | MarketScreener Almeida, who was terminated without cause, is entitled to severance pay under an existing agreement, as long as he enters into a customary release of claims against the company,ACI said in the SEC filing, . Today, with 45 years of expertise, ACI powers electronic payments for more than 6,000 organizations, delivering systems to process payments for banks, processors and retailers around the world. In this role, Mr. Almeida led a $5 billion business across more than 200 countries and was integral to proactively expanding the Companys digital footprint and growing digital revenues meaningfully and profitably while positioning the Company as the global digital leader in money transfer. Factors that could cause these differences include, but are not limited to those included it the Companys Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by the Company with the SEC. BASE24 was expanded over time to service transactions from other channels, such as POS terminals and bank branch systems. He will be focused on accelerating profitable growth., I am honored to be joining ACI as the Companys next CEO, said Mr. Almeida. ACI Worldwide CEO and Leadership Team | JobSage The company's board of directors appointed Thomas Warsop as . Mr. Almeida joins ACI having most recently served as an Operating Partner at Advent International, supporting business development at the funds portfolio companies, with a particular focus on growth initiatives that support higher sales and earnings. for $ 750M in Feb 2019), S1 Corporation (Acq. ACIW - key executives, insider trading, ownership, revenue and average growth rates. Since 1995, ACI has been a public company traded on NASDAQ, initially under the name Transaction Systems Architects (TSA), and since July 2007 under the name ACI Worldwide, Inc. (ACIW). The Board will conduct a comprehensive search to identify a permanent CEO with the assistance of a leading, independent executive search firm. Working at ACI Worldwide - Careers & Benefits | JobSage Our History | ACI Worldwide Odilon Almeida, chief executive of ACI Worldwide, discusses the company's latest financial results and the outlook for the coming months. NAPLES, Fla.-- ( BUSINESS WIRE )--ACI Worldwide Inc. (NASDAQ: ACIW) ("ACI" or the "Company"), a leading global provider of real-time . Get the free daily newsletter read by industry experts. ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. 17% of ACI Worldwide employees are Asian. Payments, More ACI Worldwide has acquired 14 companies, including 2 in the last 5 years. As previously announced, ACI will report its financial results for the fourth quarter and full year 2019 on February 27, 2020. Within the biller segment, it provides electronic bill presentment and payment (EBPP) services to companies operating in the consumer finance, insurance, healthcare, higher education, utility, government, and mortgage categories. Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. ACI Worldwide CEO and Leadership - Zippia Factors that could cause these differences include, but are not limited to those included it the Companys Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by the Company with the SEC. The Board is confident that the Company is well-positioned to build on the momentum underway as we work to provide the next generation of real-time payments solutions for our clients., She continued, On behalf of the entire Board, I would like to thank Odilon for his leadership and contributions to ACI. ACI Worldwide We are fortunate to have Tom Warsop bring his considerable leadership experience and expertise in financial services technology to the Interim CEO role, and we are confident in his ability to lead the Company during this transition period., Warsop said, ACI is uniquely positioned to support banks, merchants and billers around the world. To help provide for an orderly transition, the Board intends to enter into a transition services agreement with Almeida through November 30, 2022. We look forward to his contributions as the Board and management team build on their focus on driving transformational organic growth., Mr. Poe continued, We would also like to extend our gratitude to Craig Saks for his invaluable leadership at the Company as interim President and CEO during this transition period, which was key to ensuring ACI maintained its business momentum. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. He currently serves on the Boards of One Call Care Management and Nation Safe Drivers. To learn more about ACI, please visit www.aciworldwide.com. MIAMI-- ( BUSINESS WIRE )-- ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced today that . This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Through our comprehensive suite of software solutions delivered on customers premises or through ACIs private cloud, we provide real-time, immediate payments capabilities and enable the industrys most complete omni-channel payments experience. ACI Worldwide Most recently, he served as President, Western Union Global Money Transfer, where he headed the companys $5 billion consumer business in 200+ countries and territories. View source version on businesswire.com: https://www.businesswire.com/news/home/20221108005660/en/, bd90638a8.qFI-ivGg6Z12mK9lm_0ouDF50jxMxworh0ajsUti-II.2TBc6LjPkORD0Ngn74943HofuE18oEt_syr17h8mwK_NAFfNs-SnqzPP4g. Payments software maker ACI Worldwide is seeking a new CEO. Prior to Advent International, Mr. Almeida served as President, Western Union Global Money Transfer at The Western Union Company. Mr. Thomas Woodrow Warsop, III, also known as Tom, served as Interim Chief Executive Officer and Interim President of ACI Worldwide, Inc. since November 8, 2022 until June 1, 2023 and since June 1, 2023 se, Executive VP of Demand Merchant Solutions & Chief Product Officer, Head of Communications & Corporate Affairs. Forward-looking statements may generally be identified by the use of words such as anticipate, believe, expect, "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. The sale also made the staff working in those divisions employees of One Equity Partners. Payments software firm ACI Worldwide names Thomas Warsop CEO - South He served in various capacities at Electronic Data Systems for 17 years, including President of its Business Process Outsourcing unit in Asia Pacific, Vice President in the United Kingdom, and Vice President of Global Financial Services. He succeeds Odilon Almeida, who is departing from his role as CEO of ACI. In addition, myriad organizations utilize our electronic bill presentment and payment services. ACI Worldwide Management - Simply Wall St The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Board of Directors | ACI Worldwide NAPLES, Fla. -- (BUSINESS WIRE)--Feb. 18, 2020-- ACI Worldwide Inc. (NASDAQ: ACIW) ("ACI" or the "Company"), a leading global provider of real-time electronic payment and banking solutions, today announced that Odilon Almeida has been appointed President and Chief Executive Officer, effective March 9, 2020. ACI Worldwide ACI Worldwide has been a leading player in global payment payments since the early days of credit cards. Commerce, Real-Time NAPLES, Fla.--(BUSINESS WIRE)--ACI Worldwide Inc. (NASDAQ: ACIW) (ACI or the Company), a leading global provider of real-time electronic payment and banking solutions, today announced that Philip Heasley has notified the Companys Board of Directors that he will retire as President and Chief Executive Officer and as a member of the Board, effective as of December 31, 2019. ACI Worldwide - Wikipedia The Miami-based company's board of directors appointed Thomas Warsop CEO, effective June 1. While early customers were all in the U.S., an Australian bank came aboard in 1981, starting an international growth path. ACI Worldwide Inc. ACIW (U.S.: Nasdaq) - The Wall Street Journal John Kraft I Head of Strategy and Finance I john.kraft@aciworldwide.com, ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer, Internet Explorer presents a security risk. We appreciate his stepping up to assume the Interim CEO role, and are excited to welcome him in his new role as Chief Strategy and Transformation Officer where he will work closely with Odilon on developing and enabling ACIs business strategy through strategic relationships and partnerships, business development and other transformational activities. Prior to Advent International, Mr. Almeida served as President, Western Union Global Money Transfer at The Western Union Company. BASE24 was coined by a salesman to represent "Baseline Software for 24 hour-per-day system operations". The product portfolio grew to cover functions related to card transactions, such as clearing, settlement and fraud detection. Meanwhile, consumers use bill pay an average of six to seven days per month, with 51% considering it a crucial feature of mobile wallets. Coral Gables, FL 33134. Working At ACI Worldwide: Company Overview and Culture - Zippia The ACI operating model is fully in place and gaining traction among key customer segments globally. November 08, 2022 at 08:04 am ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced today that Thomas Warsop, formerly the non-executive Chair of the ACI Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. All rights reserved. To learn more about ACI, please visit www.aciworldwide.com. Mr. Almeida joins ACI having most recently served as an Operating Partner at Advent International, supporting business development at the funds portfolio companies, with a particular focus on growth initiatives that support higher sales and earnings. This exciting opportunity will require bold leadership, and now is the time to build an even stronger foundation for ACIs next chapter of growth. Mr. Almeida will also be appointed to serve as a member of the Companys Board of Directors. In the 1990s, ACI's product range was expanded to cover wholesale banking payments with software for ACH transactions and wire transfers leading to the acquisition of IntraNet, Inc. in 1998,[6] and adding the Money Transfer System product. ACI has a tremendously bright future ahead, with exciting avenues to accelerate revenue growth and capitalize on positive trends in payments. Now part of ACIs portfolio, the new capabilities allow consumers to view bills from their Apple Wallet or Google Pay and make payments from their smartphones. 239-403-4627 Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year. ACIs board plans to tap an executive search firm in seeking a permanent CEO replacement, the release said. ACI Worldwide Mergers and Acquisitions Summary | Mergr The press release is available on ACIs Investor Relations website at https://investor.aciworldwide.com. View Leadership. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce. Chuck Hackett, Charly Foglesong, and Mike May began ACI's relationship with Tandem. ACI Worldwide is a global leader in mission-critical, real-time payments software. Media Relations Learn about the values at ACI Worldwide and what it's like to work there. August 8, 2006: P&H Solutions Inc., a provider of a Web-based corporate cash management product, was acquired by ACI Worldwide. John Kraft, Vice President, Investor Relations & Strategic Analysis . Under the terms of the agreement, ACI acquired 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. Our proven, secure, and scalable software solutions enable leading corporations, fintechs, and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. Soon, other hardware suppliers, such as IBM, HP, Stratus and SUN, supported ACI payments software, which led to an expansion of wholesale banking payments, wire transfers and automated clearing house transactions. ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. This global coverage helps merchants and PSPs to increase international revenues, dramatically reduce costs and risk, and accelerate market expansion. Contact Us | ACI Worldwide Forward-looking statements may generally be identified by the use of words such as anticipate, believe, expect, "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. In 2019, ACI Worldwide announced a new mobile wallet payment and loyalty capabilities. While in the interim role, he will be paid$325,000 per month and is eligible for a $325,000 discretionary bonus based on performance criteria,the company said in the filing. Slides 10-Q EPS of $0.29 beats by $0.04 | Revenue of $340.43M (12.85% Y/Y) beats by $10.20M ACI Worldwide, Inc. ( NASDAQ: ACIW) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET. ACI Worldwide's CEO is Tom Warsop, appointed in Nov 2022, he has a tenure of less than a year. A company spokesperson declined further comment. He directly owns 0.11% of the companys shares, worth $2.74M. He served as Group President at Fiserv, Inc. (NASDAQ: FISV), a provider of technology solutions to the financial industry, from 2007 to 2012. ACI Worldwide Inc. (Nasdaq:ACIW) is a payment systems company headquartered in Miami, Florida. Almeida to Assume Role Effective March 9, 2020, Two Decade Payment Industry Veteran Brings Track Record of Value Creation and Proven Expertise Leading Digital Transformations. Payments, Grocery ACI Worldwide is a global leader in mission-critical, real-time payments software. ACI Worldwide He brings to ACI a proven record of driving organic and acquired growth throughout his career and has demonstrated operational and regulatory excellence. (March 2022) ACI Worldwide Inc. ( Nasdaq : ACIW) is a payment systems company headquartered in Miami, Florida. Thomas Warsop, previously the chairman of the companys board of directors, has been named interim CEO effectively immediately. john.kraft@aciworldwide.com, Dan Ring, Vice President, Public Relations dan.ring@aciworldwide.com, ACI Worldwide (NASDAQ: ACIW) President and CEO Philip Heasley to Retire at Year-End, Internet Explorer presents a security risk. Among Phils many accomplishments, he transformed ACI to include a successful cloud-based business. Artifical Businesses, Social In these positions, he turned around businesses in the U.S., Europe, Africa, Mexico, Central America and the Caribbean, established Western Union as the global digital market leader in P2P money transfer, and grew its Latin America and Caribbean business by more than five times over 10 years through organic growth acceleration and successful M&A. Executive Leadership Team | ACI Worldwide Mr. Almeida is a seasoned executive with senior leadership experience spanning multiple industries and countries, two decades of payments experience, and a strong track record of growth acceleration and value creation. While we always look at total compensation. Intelligence, Connected Almeida had served as the companys president and CEO since March 2020. . Investors Through our comprehensive suite of software solutions delivered on customers premises or through ACIs private cloud, we provide real-time, immediate payments capabilities and enable the industrys most complete omni-channel payments experience. The average tenure of the management team and the board of directors is 1.6 years and 8 years respectively. September 1, 1975, to develop software for communications applications using the new NonStop computers from Tandem Computers. Mr. Almeida most recently served as an Operating Partner at Advent International, one of the worlds largest and most experienced private equity funds. Mr. Almeida is a seasoned executive with senior leadership experience spanning multiple industries and countries, two decades of payments experience, and a strong track record of growth acceleration and value creation. As part of its ongoing succession planning activities, the Board has been working with executive search firm Russell Reynolds to assist it in identifying potential CEO candidates. Medium Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as expects and words and phrases of similar impact. dan.ring@aciworldwide.com, John Kraft, Head of Strategy & Finance To learn more about ACI, please visit www.aciworldwide.com. This press release features multimedia. ACI Worldwide: Leading Real-Time Payments 31, 2023, 09:16 AM. ACI was founded in Omaha, Nebraska, developing software for the new NonStop server computers that banks and stock exchanges were adopting. The hardware support for these products was extended to suppliers IBM, HP, Stratus and Sun Microsystems. Warsop joined the ACI Board of Directors in June 2015 and became non-executive Chairman in June 2022. During his tenure, Phil successfully advanced ACIs position as a global leader in real-time electronic payments. Im thrilled to be able to support this great organization as we chart our path forward.. ACI Worldwide Theme Fintech ACI Worldwide Inc. appointed Odilon Almeida president and CEO, effective March 9. The Board is confident that the Company is well-positioned to build on the momentum underway as we work to provide the next generation of real-time payments solutions for our clients., She continued, On behalf of the entire Board, I would like to thank Odilon for his leadership and contributions to ACI. This press release contains forward-looking statements within the meaning of the federal securities laws. John Kraft, Head of Strategy & Finance Email: john.kraft@aciworldwide.com Global Headquarters: ACI Worldwide 2811 Ponce de Leon Blvd, PH1 Coral Gables, FL 33134 ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer Adalio Sanchez, an independent member of the ACI Board since 2015, was selected as non-executive Chair of the Board. The Board of Directors is immensely pleased to appoint a leader with Odilons industry experience and operational credentials to lead ACIs next chapter, said David Poe, Chairman of ACIs Board. Mr. Thomas Woodrow Warsop, III, also known as Tom, served as Interim Chief Executive Officer and Interim President of ACI Worldwide, Inc. since November 8, 2022 until June 1, 2023 and since June 1, 2023 se Show more. PDF THE LEADER IN Fast Facts REAL-TIME PAYMENTS - ACI Worldwide NAPLES, Fla. -- (BUSINESS WIRE)--Nov. 7, 2019-- ACI Worldwide Inc. (NASDAQ: ACIW) ("ACI" or the "Company"), a leading global provider of real-time electronic payment and banking solutions, today announced that Philip Heasley has notified the Company's Board of Directors that he will retire as President and Chief Executive Officer and as a member. [3] ACI develops a broad line of software focused on facilitating real-time electronic payments. PYMNTS has collaborated with ACI Worldwide on a number of reports, including the recent The Digital Wallet Mandate: Secure Bill Pay Beyond the in-Store Point of Sale.. Miami-based ACI Worldwide has an official CEO after the termination of its previous leader. ACI Worldwide, Inc. (ACIW) Company Profile & Facts - Yahoo Finance Now ($USD923.61K) is below average for companies of similar size in the US market ($USD6.63M). Any forward-looking statement made by the Company in this press release, its reports filed with the Securities and Exchange Commission (the "SEC") and other public statements made from time-to-time speak only as of the date made. The combination of Speedpay and ACI brings together an incredibly strong team of bill pay experts and a powerful next-generation platform. Dive, Become This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. February 7, 2007: Visual WEB Solutions Inc.. March 21, 2011: Acquisition of ISD Corporation was announced. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. Is ACI Worldwide, Inc.'s (NASDAQ:ACIW) CEO Salary Justified? FORMER PRESIDENT AND CEO, MONERIS SOLUTIONS "The ACI platform allows us to unite the corporate restaurants with the franchisee restaurants, allows us to bring card-present and card . Payments software maker ACI Worldwide is seeking a new CEO. As more consumers utilize mobile devices to view and pay bills, organizations must be able to present bills in a mobile-friendly way. I believe this is an opportune time for me to step aside and let a new leader guide ACI into the future. 2811 Ponce de Leon Blvd, PH1 ACI expanded to developing software for service transactions at point-of-sale terminals and banking branch systems. Odilons deep understanding of the power of digital innovation, coupled with his significant knowledge of the rapidly evolving challenges and opportunities of the payments space and familiarity with ACIs customer segments, gives the Board great confidence that he is the right leader to further ACIs growth strategy, advance the Companys positive momentum, and deliver long-term value for our stakeholders. All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. About ACI Worldwide Joe Vafi, managing director of equity research at Canaccord Genuity, called Almeidas firing a little bit of a head scratcher.. ACI Worldwide 2811 Ponce de Leon Blvd, PH1 Coral Gables, FL 33134. Cautionary Note Regarding Forward-Looking Statements. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. These forward-looking statements include all matters that are not historical facts. With nearly 4,000 employees worldwide and offices in principal cities around the globe, ACI has built one of the most diverse and robust product portfolios in the industry, with application software spanning the entire electronic payments chain. We wish Phil all the best in his retirement and are grateful that, through a consulting agreement, his experience and perspective will be available to the Company through the first quarter of next year., Mr. Poe continued, The Board has a clear vision of the right person to lead the Company forward, and the Boards search committee is conducting a thorough process that includes both internal and external candidates. Email: john.kraft@aciworldwide.com, Global Headquarters: ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer, https://www.businesswire.com/news/home/20221108005660/en/. Dive Brief: Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. Almeida said it would also give the company more resilience in a turbulent environment and add more revenue growth. ACI Worldwide Announces Chief Executive Officer Changes PYMNTS research found that 75% of consumers use mobile wallets for speed and convenience, with 50% pointing to that as the most important reason to use mobile wallets for bill pay.
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