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ACI solution to handle transaction processing for AVENUE
Feb '08
ACI Worldwide a leading international provider of software for electronic payment systems, announced that AVENUE, a distinguished brand in Redcats USA's portfolio, and a specialty apparel retailer with over 480 stores, has selected an ACI On Demand solution to drive the switching and settlement of electronic payment transactions involving credit cards, debit cards, checks and gift cards.

The solution will interface with the new AVENUE front-end payment system and help the company comply with various Payment Card Industry (PCI) mandates.

“The breadth of ACI's payments solutions and the potential impact of the hosted solution to our bottom line were key factors in our decision,” said Paul McFarren, senior vice president and chief information officer of AVENUE.

“The hosted solution environment will provide a low-risk, low-cost way to implement a new technology and ultimately differentiate our payments products and services.”

The on-demand solution will handle transaction processing for the AVENUE stores and provide the necessary settlement information to card issuers.

The solution offers all the advantages of an in-house switch without the associated support and maintenance costs.

“ACI On Demand offers AVENUE and other customers greater control than traditional outsourcing arrangements by providing access to world-class software without the overhead of recruiting and training a staff responsible for in-house management, updating and monitoring of the solution,” said Jeff Hale, senior vice president of ACI Worldwide Americas.

“We are proud to have been selected by AVENUE and look forward to helping them streamline and improve their payments processing environment.”

ACI Worldwide Inc

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