ACI Worldwide to acquire fraud management firm ReD for $205 million

Electronic payment and banking system provider ACI Worldwide has announced it will acquire independent fraud management and detection platform provider ReD.

According to a press release from ACI Worldwide, the acquisition of ReD will be in the amount of $205 million in cash. Also according to ACI’s PR the deal will be settled sometime in Q3 2014.

ACI plans to incorporate ReD’s SaaS-based e-commerce solution with integrated fraud detection/management into its own platform. The integration of ReD’s robust fraud detection offering could position ACI as a global leader in payment and fraud management services, offering a suite of services for Ecommerce merchants an retailers.

"ACI and ReD together have an unrivaled merchant retail solution - global, omni-channel with integrated fraud management built on Universal Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technology. This solution will not only guarantee a consistent, unified customer experience in any retailer modality, but also will be a key part of our real-time commerce, any-to-any transaction strategy. Additionally, ReD's consortium models, business intelligence offerings, modeling and risk analyst expertise will both complement and enhance our issuer Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions," stated President and CEO of ACI Worldwide, Philip Heasley.

Bank of America-Merril Lynch is acting as financial adviser for ACI during the acquisition. Bank of America-Merril Lynch is also the lead arranger providing a commitment for 100% financing of the acquisition.

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