Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  ACI Worldwide Inc    ACIW

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

ACI Worldwide : Digital Disruption in Global Banking Sector Continues to Increase, Survey by ACI Worldwide and YouGov Reveals

share with twitter share with LinkedIn share with facebook
share via e-mail
10/03/2017 | 12:36pm CET

Digital Disruption in Global Banking Sector Continues to Increase

Consumers increasingly demand new and innovative banking services-and in the wake of PSD2 regulation, are open to the idea of sharing data with new financial service providers

Tuesday, September 26, 2017

Share this:

Naples, FLA / London, UK - The digital disruption in the global banking sector continues to rise. Consumers worldwide increasingly expect new and innovative services from their banks and are willing to share data with new financial service providers, a global online survey by ACI Worldwide and YouGov of more than 9,000 consumers in the U.S. and Europe has found.

Asked which three services they want most from their current account providers:

-more than half of U.K. consumers (52%) said they would like to see more loyalty discounts and offers, followed by better security and fraud prevention (38%) and real-time banking services (36%)

-30% of respondents in Italy, 27% in the US and 32% in Hungary said they want access to more varied ATM services

-25% of UK consumers, 26% in France and 25% in the US want more control over their banking services, for example, the ability to temporarily deactivate elements of a service, such as disabling a payment card or set their own contactless limits.

The majority of U.K. consumers are amenable to the idea of sharing data with new financial service providers that are expected to come onto the market in January in 2018 when the new European PSD2 regulation takes effect. The regulation will allow new service providers to access consumers' banking details with their consent, and are expected to offer a range of new services that could help consumers to better manage their finances, save money and find better deals. More than half of U.K. consumers (55%) said they would need to better understand what happens to their personal data and how it is protected before they use these services.

"The data suggests that we have reached a tipping point at the intersection of technology and financial services where the majority of consumers now trust technology enough that they want it to enhance their financial lives, said Lu Zurawski, Practice Lead EMEA, Retail Banking and Consumer Payments, ACI Worldwide. "This is great news for the banking industry as many banks and financial service providers have been leveraging these new technologies for some time."

"However, the research also shows that a lot of work still needs to be done to educate consumers about how to take advantage of the new financial service offerings-and provide assurances that their personal information is safe. Raising consumer awareness about the challenges and opportunities of this 'brave new world' will be crucial to its success."

Other key findings:

* Switching account providers: In Italy, almost half of consumers (47%) plan to switch account providers in the next 12 months, in France 34 percent and in Spain 39 percent. In the U.S., U.K. and Germany, consumers seem happier with their current account provider, with the majority not planning to switch (65%, 78% and 64% respectively).

* Banking Annoyances: Credit and debit card fees, as well as fees for various banking services, are the biggest annoyance for consumers worldwide (U.S. 34%, France 52% and Hungary 53%).

* Real-time payments schemes in the U.S. and Europe: Awareness among the real-time payments schemes to be launched in the U.S. and Europe is relatively low in all countries. 80 percent of consumers in France and 88 percent of consumers in Germany for example, are not aware of the Pan-European Real-Time Payments Scheme which will be launched in November. And 81 percent of U.S. consumers have not heard about The Clearing House real-time scheme that will come into effect in the US at the end of this year.

Methodology and Demographics: All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 9,372 adults, 1,002 in Italy, 1,010 in France, 1,152 in United States, 2,104 in Germany, 2,078 in the UK, 1,000 in Hungary, 1,026 in Spain. Fieldwork was undertaken between 25th May - 5th June 2017. The survey was carried out online. The figures have been weighted and are representative of all adults in each country (aged 18+).

2017 is a crucial year for immediate payments with both the pan-European SEPA Instant Credit Transfer Scheme (SCT Inst) and TCH Real-time Payments in the US going live this year. The new schemes will not only empower consumers and businesses to send and receive real-time payments from their existing accounts, but will also provide a platform for banks to launch new and innovative services built around a real-time payments hub for today's and tomorrow's digital economy. View new real-time consumer survey results for the US and Europe.

ACI's UP Immediate Payments offers a proven solution for financial institutions to provide connectivity to IP schemes globally. We not only provide our customers with a technical gateway, but also payment processing functionality, guidance on compliance, fraud, scheme rules, testing and certification, as well as support throughout the complex on-boarding process.


(c) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
YOUGOV PLC 1.11% 364 Delayed Quote.13.74%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ACI WORLDWIDE INC
03/14IT glitches hit Punjab National Banks core banking, ATMs
03/14ACI WORLDWIDE : DBS Drives Digital Transformation in Asia Pacific with ACI World..
03/14ACI WORLDWIDE : DBS Drives Digital Transformation in Asia-Pacific with ACI World..
03/13ACI WORLDWIDE : Real-Time Payments to Drive Revenue Growth and Provide Launchpad..
03/12ACI WORLDWIDE : and AGSTTL Highlight Megatrends Shaping India's Digital Payments..
03/12ACI WORLDWIDE : AGSTTL and ACI Highlight Key Megatrends Shaping India’s Di..
03/09ACI WORLDWIDE : Agsttl, aci launch upi-specific suit of solutions
03/08ACI WORLDWIDE : UP Payments Risk Management Named Best ID, Security and Anti-Fra..
03/08ACI WORLDWIDE : AGSTTL and ACI Worldwide Launch Suite of Processing Solutions fo..
More news
News from SeekingAlpha
02/23ACI Worldwide's (ACIW) CEO Phil Heasley on Q4 2017 Results - Earnings Call Tr.. 
02/23ACI Worldwide, Inc. 2017 Q4 - Results - Earnings Call Slides 
02/22Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q4 2017 Upda.. 
02/22ACI Worldwide beats by $0.21, beats on revenue 
02/21Notable earnings before Thursday?s open 
Financials ($)
Sales 2018 1 042 M
EBIT 2018 134 M
Net income 2018 66,0 M
Debt 2018 522 M
Yield 2018 -
P/E ratio 2018 48,67
P/E ratio 2019 31,23
EV / Sales 2018 3,46x
EV / Sales 2019 3,14x
Capitalization 3 080 M
Duration : Period :
ACI Worldwide Inc Technical Analysis Chart | ACIW | US0044981019 | 4-Traders
Technical analysis trends ACI WORLDWIDE INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 27,8 $
Spread / Average Target 7,0%
EPS Revisions
Philip G. Heasley President, Chief Executive Officer & Director
David A. Poe Chairman
Craig S. Saks Chief Operating Officer
Scott W. Behrens Chief Financial & Accounting Officer, Senior EVP
Tony Scotto Chief Technology Officer & Senior Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
ACCENTURE5.10%103 394
VMWARE, INC.-0.68%50 598