19.06.2007 13:05:00
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WMATA Implements BASE24-eps to Enhance Debit and Credit Card Processing from Automated Ticketing Network
ACI Worldwide (NASDAQ:TSAI), a leading international provider of
software for electronic payment systems, today announced that the
Washington Metropolitan Area Transit Authority (WMATA) has implemented
BASE24-eps™ to
enhance the processing and routing of debit and credit card transactions
originating from WMATA’s ticketing machines in
the Washington, D.C., metropolitan area.
"The flexibility and scalability of BASE24-eps
allows WMATA to easily add other transit systems to our network, such as
the Maryland Transit Authority (MTA), which we plan to add later this
year,” said Chris Cipperly, assistant
treasurer, Office of the Treasurer Department of Finance at WMATA. "Our
debit and credit transactions are routed and processed much more
efficiently than before, which has benefited both WMATA and our
customers.”
WMATA’s previous system processed record
transaction volumes in recent months as the use of debit and credit
cards increased. With BASE24-eps, WMATA has greater flexibility in
routing and processing card payments, as well as improved real-time
transaction management and monitoring. The increased online management
capability of BASE24-eps enables WMATA to monitor card traffic, help
detect fraudulent transactions and reduce its overall network operation
costs.
BASE24-eps represents the next-generation of ACI’s
world-class payments software and provides an integrated solution for
multichannel transaction acquiring, authentication, routing, switching
and authorization. BASE24-eps supports traditional debit and credit card
transactions as well as mobile commerce Internet banking.
"We are excited to have WMATA as a BASE24-eps
customer,” said Tom Houghton, vice president
of U.S. Global Services at ACI. "The success
of BASE24-eps at WMATA is one more example of the solution’s
power and flexibility.” About WMATA
The Washington Metropolitan Area Transit Authority (WMATA) is an
interstate compact agency authorized by Congress and is an
instrumentality of the District of Columbia, State of Maryland, and the
Commonwealth of Virginia. The agency is charged with providing a
comprehensive mass transit system to the Washington Metropolitan Region
and operates a 106 miles subway system as well as 1500 bus fleet. WMATA
is the lead agency in providing Smartcard clearing and settlement for
all of the major transit providers in the Washington, Maryland, and
Virginia corridor. Currently, the region has an installed card base of
over 2.3 million contactless SmarTrip cards. The region expects
credit/debit transactions to become an increasingly important method of
payment in the public transit sector.
About ACI Worldwide
Every second of every day, ACI solutions are at work processing
electronic payments, managing risk, automating back office systems and
providing application infrastructure services. Founded in 1975, ACI is a
leading international provider of solutions for retail banking,
wholesale banking and cross-industry systems. ACI serves more than 800
customers in 84 countries including many of the world's largest
financial institutions, retailers and payment processors. Visit ACI
Worldwide on the Internet at www.aciworldwide.com.
Any statements in this press release regarding projected results are
preliminary and "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. In addition, this
press release may contain other forward-looking statements including
statements regarding Transaction Systems Architects, Inc.’s
("TSA”), its
subsidiaries or third parties’ expectations,
predictions, views, opportunities, plans, strategies, beliefs, and
statements of similar effect. The forward-looking statements in this
press release are subject to a variety of risks and uncertainties.
Actual results could differ materially.
For a detailed discussion of these and other risk factors, interested
parties should review the Company's filings with the Securities and
Exchange Commission, including the Company’s
Form 10-K filed on May 11, 2007.
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