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. [5][citation needed]. In addition, myriad organizations utilize our electronic bill presentment and payment services. 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. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce. ACI Worldwide, Inc. (ACIW) Company Profile & Facts - Yahoo Finance Announces Cessation of Ram Puppala as Chief Technology Officer, Effective from June 30, 2023, Canaccord Genuity Adjusts Price Target on ACI Worldwide to $34 From $40, Maintains Buy Rating, Sector Overview of ACI Worldwide's Acquisitions. 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. By 1986, ACI had 131 customers in 14 countries, and offices and partners around the world. [3] ACI develops a broad line of software focused on facilitating real-time electronic payments. To learn more about ACI, please visit www.aciworldwide.com. Payments software firm ACI Worldwide names Thomas Warsop CEO - South Payments, More 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. ACI Worldwide fires CEO | Payments Dive The estimated base pay is $119,841 per year. , Streamline and integrate your back office, Fraud solutions to minimize risk and prevent fraud, Confirm identities with behavioral analytics. ACI Worldwide Find ACI Worldwide job listings, benefits, CEO and corporate leadership ratings, and reviews from verified current employees. ACI Worldwide, Inc. (ACIW) CEO Odilon Almeida on Q2 2022 Results 239-403-4627 ACI Worldwide Mr. Almeida most recently served as an Operating Partner at Advent International, one of the worlds largest and most experienced private equity funds. 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. I am eager to get started working with the Board, management team and ACIs world-class employees to help customers transform their business with real-time, any-to-any payments solutions.. 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. We wish him all the best in the future. Thomas Warsop, previously the chairman of the companys board of directors, has been named interim CEO effectively immediately. Is ACI Worldwide, Inc.'s (NASDAQ:ACIW) CEO Salary Justified? In addition, ACI expects to enter into a transition services agreement with Mr. Almeida covering the remainder of November 2022,, ACI Director Mary Harman, who heads up the boards. Walletron, which is used by more than 6 million consumers in more than 100 countries, delivers patented mobile wallet technology for iOS through Apple Wallet and for Android through Google Pay. Since 1995, ACI has been publicly traded on NASDAQ, initially under the name Transaction Systems Architects (TSA), and, since July 2007, under the name ACI Worldwide, Inc. 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. 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. All Acquisitions: 10 [View Details] Latest Acquisitions: Walletron (May 2019), Speedpay (Feb 2019), PAY.ON (Nov 2015) Key Acquisition: Speedpay (Acq. . Early projects involved building systems to handle ATMs and other banking systems requiring extremely high uptimes. I am eager to get started working with the Board, management team and ACIs world-class employees to help customers transform their business with real-time, any-to-any payments solutions.. In this position, he turned around and stabilized Western Unions largest global business following years of volatility and compliance issues, generated top-line continuous profitable growth acceleration, and expanded the Companys digital footprint to strengthen its position as the global digital leader in consumer money transfer. February 7, 2007: Visual WEB Solutions Inc.. March 21, 2011: Acquisition of ISD Corporation was announced. He currently serves on the Boards of One Call Care Management and Nation Safe Drivers. In exchange for the incentives, the . 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. ACI Worldwide Announces Chief Executive Officer Changes. As previously announced, ACI will report its financial results for the fourth quarter and full year 2019 on February 27, 2020. May. ACI Announces Appointment of Odilon Almeida as President and Chief Last year, ACI Worldwide moved its headquarters from Naples to Coral Gables after Miami-Dade County approved the firm for a $360,000 economic incentive deal. Chuck Hackett, Charly Foglesong, and Mike May began ACI's relationship with Tandem. ACI Worldwide Announces Chief Executive Officer Changes PAY.ONs advanced SaaS-based eCommerce gateway solution complements and strengthens ACIs Consumer Payment Processing offering, positioning ACI as a highly differentiated omni-channel payments leader. 45 years ago, a single client in Nebraska. Remote . The acquisition marks an exciting new era in bill pay. 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. John Kraft, Vice President, Investor Relations & Strategic Analysis You can also find us on Twitter @ACI_Worldwide. Transcript : ACI Worldwide, Inc., Q2 2023 Earnings Call, Aug 03, 2023, Earnings Flash (ACIW) ACI WORLDWIDE Reports Q2 Revenue $323.3M, vs. Street Est of $306M, Earnings Flash (ACIW) ACI WORLDWIDE Reports Q2 EPS $0.15, vs. Street Est of $0.04, ACI Worldwide, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023, ACI Worldwide, Inc. Reiterates Earnings Guidance for Third Quarter and Full Year 2023, ACI Worldwide Fined $25 Million by Consumer Financial Protection Bureau for Unlawful Mortgage Payment Transactions, ACI Worldwide fined $25 million for multibillion-dollar mortgage payment 'fiasco', ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell Small Cap Comp Value Index, ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell 2000 Value-Defensive Index, ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell 2500 Value Index, ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell 3000E Value Index, ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell 2000 Value Index, ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell 2000 Dynamic Index, ACI Worldwide, Inc.(NasdaqGS:ACIW) added to Russell 3000 Value Index, ACI Worldwide Appoints Thomas Warsop as Chief Executive, ACI Worldwide Appoints Thomas Warsop as Chief Executive Officer, Effective June 1, 2023, ACI Worldwide Appoints Thomas Warsop as President, Effective June 1, 2023, ACI Worldwide, Red Hat Enter Into Payment Collaboration, ACI Worldwide Adds Swift Go to Cross-Border Payments Offering, ACI Worldwide, Inc. 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. March 11, 2013: Online Resources Corporation was acquired. Dive Brief: Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. Zippia estimates demographics and statistics for ACI Worldwide by using a database of 30 million profiles. Interim Chief Executive Officer. BASE24 was coined by a salesman to represent "Baseline Software for 24 hour-per-day system operations". PDF THE LEADER IN Fast Facts REAL-TIME PAYMENTS - ACI Worldwide He succeeds Odilon Almeida, who is departing from his role as CEO of ACI. 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. ACI Worldwide Most recently, he served as President, Western Union Global Money Transfer, where he headed the companys $5 billion consumer business in 200+ countries and territories. Odilons deep understanding of the power of digital innovation, coupled with his significant knowledge of the rapidly evolving challenges and opportunities of the payments space and familiarity with ACIs customer segments, gives the Board great confidence that he is the right leader to further ACIs growth strategy, advance the Companys positive momentum, and deliver long-term value for our stakeholders. Here are further demographic highlights of the leadership team: The ACI Worldwide executive team is 22% female and 78% male. john.kraft@aciworldwide.com, Dan Ring, Vice President, Public Relations Payments software firm ACI Worldwide terminates CEO, names replacement November 7, 2019. November 08, 2022 08:00 AM Eastern Standard Time. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce. Mr. Compensation vs Market: Tom's total compensation ($USD923.61K) is below average for companies of similar size in the US market ($USD6.63M). 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. ACI Worldwide Management - Simply Wall St Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. ACI Worldwide Mergers and Acquisitions Summary | Mergr During his tenure, Phil successfully advanced ACIs position as a global leader in real-time electronic payments. 239-403-4627 May 31, 2023. Working at ACI Worldwide - Careers & Benefits | JobSage 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. Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. 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. 781-370-3694 The company's board of directors appointed Thomas Warsop as . You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. These statements constitute the Companys cautionary statements under the Private Securities Litigation Reform Act of 1995. The estimated total pay for a Senior Software Engineer at ACI Worldwide is $145,841 per year. Today, a worldwide reach. Prior to that, he spent 17 years at Western Union, the global leader in cross-border and cross-currency money movement, where he advanced through increasingly significant general management and operating roles. Almeida had served as the companys president and CEO since March 2020. . (RTTNews) - ACI Worldwide Inc. (ACIW), a real-time payments software provider, said on Wednesday that it has appointed its interim Chief Executive Officer Thomas Warsop as . Tranche Update on ACI Worldwide, Inc.'s Equity Buyback Plan announced on December 6, 2021. for $ 750M in Feb 2019), S1 Corporation (Acq. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Based on our data team's research, Odilon Almeida is the ACI Worldwide's CEO. He succeeds Odilon Almeida, who is departing from his role as CEO of ACI. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as believes, will, expects, anticipates, intends, and words and phrases of similar impact. He brings to ACI a proven record of driving organic and acquired growth throughout his career and has demonstrated operational and regulatory excellence. Phil Heasley, the president of the firm, has been around just as long. View source version on businesswire.com: https://www.businesswire.com/news/home/20200218005271/en/, John Kraft, Vice President, Investor Relations & Strategic Analysis He extended his education at Harvard Business School, The Wharton School and the International Institute of Management (IMD). Board of Directors | ACI Worldwide About ACI Worldwide ACI Worldwide's CEO is Tom Warsop, appointed in Nov 2022, he has a tenure of less than a year. FORWARD-LOOKING STATEMENTS He has led various portfolio companies for several leading private equity firms since 2012, including One Call Care Management, York Risk Services Group, and The Warranty Group. 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. 2811 Ponce de Leon Blvd, PH1 H is employment was "terminated as President & CEO of the Company," according to an ACI filing with the Securities and Exchange Commission. 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. Rapidly respond to shifting trends, regulatory requirements and new competition with a flexibly deployed payments platform. 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. ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer | ACI He served as Group President at Fiserv, Inc. (NASDAQ: FISV), a provider of technology solutions to the financial industry, from 2007 to 2012. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict or identify all such events or how they may affect it. ACI President and CEO Philip Heasley to Retire at Year-End - ACI Worldwide 31, 2023, 09:16 AM. The acquisitions of Speedpay and Walletron in 2019 enable ACI to drive innovation through an expanded bill pay platform. This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Location. While early customers were all in the U.S., an Australian bank came aboard in 1981, starting an international growth path. ACI Worldwide Inc. (Nasdaq:ACIW) is a payment systems company headquartered in Miami, Florida. PAY.ONs solution features connectivity to more than 300 alternative payment methods and card acquirers in more than 160 countries. Media Relations Topics, Editors Adalio Sanchez, an independent member of the ACI Board since 2015, was selected as non-executive Chair of the Board. Previous Next. Platforms, Subscription Businesses, Social ACI unveiled these new capabilities in conjunction with its acquisition of Speedpay from Western Union. 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, . 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. Most recently, he served as President, Western Union Global Money Transfer, where he headed the companys $5 billion consumer business in 200+ countries and territories. Earlier in his career at Western Union, Mr. Almeida served as President, Americas, and Europe, President, Americas, Senior Vice President and Managing Director, Latin America and the Caribbean, Senior Vice President and Managing Director, South America, and Regional Vice President, Southern Cone, Americas. Acquisitions by ACI Worldwide | Tracxn John Kraft, Vice President, Investor Relations & Strategic Analysis ACI Worldwide 239-403-4627 john.kraft@aciworldwide.com Dan Ring, Vice President, Public Relations ACI Worldwide 781 . ($USD923.61K) is below average for companies of similar size in the US market ($USD6.63M). The Speedpay and ACIs Bill Payment platforms are becoming a unified bill payment platform that supports billions of transactions and drives digital bill payment forward. 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. 38% of ACI Worldwide employees are women, while 62% are men. Its network of billing and payment partners manages more than 12 billion bills. 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. Almeida had done a good job here of accelerating growth and refocusing the company, becoming more competitive and fine-tuning the product portfolio, Vafi said. Photos. Early projects involved building systems to handle ATMs and front ends for core banking systems, which led to the launch of the first product, BASE24, in 1982. Mr. Almeida will also be appointed to serve as a member of the Companys Board of Directors. Almeida had served as the companys president and CEO since March 2020, his biography on ACIs website notes. The company has named Thomas Warsop, formerly the non-executive chair of its board, as interim CEO following the departure of CEO Odilon . 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Listen to this article 3 min. With Speedpay, ACI will expanded its reach into existing and complementary segments such as consumer finance, insurance, healthcare, higher education, utilities, government and mortgage. November 5, 2013:The purchase of Official Payments Holdings. They are the result of the acquisition by ACI of Western Unions Walletron business, which develops next-generation mobile wallet offerings. 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, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. November 08, 2022 at 08:00 am. 337927). July 21, 2014: An agreement was announced to acquire Retail Decisions (ReD). 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. 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 Odilon Almeida has been appointed President and Chief Executive Officer, effective March 9, 2020. He has led various portfolio companies for several leading private equity firms since 2012, including One Call Care Management, York Risk Services Group, and The Warranty Group. In this position, he turned around and stabilized Western Unions largest global business following years of volatility and compliance issues, generated top-line continuous profitable growth acceleration, and expanded the Companys digital footprint to strengthen its position as the global digital leader in consumer money transfer. 781-370-3694 Such factors include, but are not limited to, increased competition, the success of our Universal Payments strategy, demand for our products, restrictions and other financial covenants in our debt agreements, consolidations and failures in the financial services industry, customer reluctance to switch to a new vendor, the accuracy of managements backlog estimates, the maturity of certain products, failure to obtain renewals of customer contracts or to obtain such renewals on favorable terms, delay or cancellation of customer projects or inaccurate project completion estimates, volatility and disruption of the capital and credit markets and adverse changes in the global economy, our existing levels of debt, impairment of our goodwill or intangible assets, litigation, future acquisitions, strategic partnerships and investments, integration of and achieving benefits from the Speedpay acquisition, the complexity of our products and services and the risk that they may contain hidden defects or be subjected to security breaches or viruses, compliance of our products with applicable legislation, governmental regulations and industry standards, our ability to protect customer information from security breaches or attacks, our compliance with privacy regulations, our ability to adequately defend our intellectual property, exposure to credit or operating risks arising from certain payment funding methods, the cyclical nature of our revenue and earnings and the accuracy of forecasts due to the concentration of revenue-generating activity during the final weeks of each quarter, business interruptions or failure of our information technology and communication systems, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, exposure to unknown tax liabilities, volatility in our stock price, and potential claims associated with our sale and transition of our CFS assets and liabilities. Odilon Almeida, chief executive of ACI Worldwide, discusses the company's latest financial results and the outlook for the coming months. ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer, https://www.businesswire.com/news/home/20221108005660/en/. 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. a John Kraft, Vice President, Investor Relations & Strategic Analysis He directly owns 0.11% of the companys shares, worth $2.74M. 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. September 1, 1975, to develop software for communications applications using the new NonStop computers from Tandem Computers. 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. Intelligence, Connected To ensure the most secure and best overall experience on our website, we recommend the latest versions of. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. ACI Worldwide Names Thomas Warsop Interim Chief Executive Officer ACI Worldwide Appoints Thomas Warsop As New CEO
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