A new partnership between payments technology innovator ACI Worldwide and open source solutions provider Red Hat will make ACI’s cloud-native Enterprise Payments Platform available via any cloud infrastructure. The new availability will make it easier for customers to migrate to the cloud to better operate within the digital economy and to power the next generation of payment services. Via Red Hat OpenShift, banks, merchants, and billers will gain new flexibility and choice in terms of how they deploy their payment services.
“At Red Hat, we are committed to supporting our partners and customers with a flexible, scalable, enterprise-grade technology platform like Red Hat OpenShift, helping them maximize innovation and reduce time to market while enabling the resiliency, performance, and service quality required by leading banks across the globe,” said Stefanie Chiras, Red Hat SVP of Partner Ecosystem Success.
The partnership will enable ACI Worldwide to access Red Hat’s open source portfolio of cloud-native AI and hybrid cloud solutions. ACI customers will benefit from simplified payment operations thanks to the ability to deploy ACI’s enterprise payments platform on any cloud infrastructure. This also provides enhanced resiliency and scale while keeping operating costs low.
“We are excited to extend our collaboration by joining the Red Hat partner ecosystem,” ACI Worldwide head of product management Scotty Perkins said. “We believe that this collaboration will be a game changer for many of our partners and customers to more easily reap the benefits of deploying payment services in the cloud, such as improving operational efficiency, accelerating the launch of new products, and ultimately driving growth.”
Founded in 1975 and headquartered in Florida, ACI Worldwide made its Finovate debut at our developers conference, FinDEVr Silicon Valley, in 2016. In the years since then, the company has grown into a major payments technology provider that serves the top 10 banks in the world and 80,000+ merchants–as well as thousands of organizations and businesses that rely on ACI Worldwide’s billpay solutions.
ACI’s partnership news with Red Hat comes just days after the company announced that it had extended its partnership with Mexican fintech Mexipay. ACI will help improve Mexipay’s real-time payments infrastructure in order to boost the adoption of instant payments and promote financial inclusion in Mexico.
ACI Worldwide is a publicly-traded company on the NASDAQ under the ticker symbol ACIW. The firm has a market capitalization of $5 billion.
Photo by Tom Jur on Unsplash
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Conclusion
As technology continues to evolve, partnerships like the one between ACI Worldwide and Red Hat are crucial in advancing the payment services industry. By making the cloud-native Enterprise Payments Platform available on any cloud infrastructure, both companies are enabling their customers to stay competitive in the digital economy.
ACI Worldwide’s commitment to innovation and collaboration is evident in its strategic partnerships with companies like Red Hat and Mexipay. By extending its reach and enhancing payment infrastructure, ACI is paving the way for more efficient and secure payment services worldwide.
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