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ACI Expands Digital Bill Payment and Presentment

The acquisition of Speedpay from Western Union (WU) for $750 million in cash more than doubles ACI Worldwide’s annual revenue in the electronic bill presentment and payment (EBPP) business in the U.S. to the $600-million range. ACI becomes the top EBPP provider in the U.S. based on revenue. Fiserv is second largest. The EBPP industry in the U.S. is very fragmented. The top three providers control less than 30% of the market. ACI also announced this month it purchased Walletron from WU. Terms of that deal were not disclosed. ACI has added Walletron and Speedpay to its UP Bill Payment solut...

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May 2019
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