Press release

ALTO Interbank Network Capitalizes on Indonesian Digital Payments Growth with ACI Worldwide

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ACI
Worldwide
 (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions
, today announced that ALTO, a leading
interbank switch in Indonesia, is expanding its payments capabilities
with the next generation of ACI’s UP Retail
Payments solution
.

ALTO selected ACI as its strategic payments technology partner to
address new regulatory requirements, capture growth in alternative
payments and respond to future developments of the national payment
gateway within the Indonesian market. ALTO currently provides digital
payment services to banks, payment gateways, billers, corporates and
merchants, utilizing the latest technologies. The implementation of
ACI’s UP Retail Payments solution demonstrates ALTO’s approach to
partnering with an established global player, enabling a strong
foundation for faster development and the addition of new payment
endpoints in a market that is expected to register double-digit
growth in digital commerce over the next five years
.

ALTO will initially use ACI’s UP Retail
Payments
for card-based transaction switching, followed by expansion
to address non-card-based transactions including a range of alternative
payment methods and merchant acquiring. ACI’s market-leading solution
also opens up opportunities for ALTO to develop partnerships with new
market entrants, increase interoperability with a wide range of
financial institutions and intermediaries, and enable payments
innovation that will benefit ALTO’s member banks and their customers.

“As the Indonesian payments ecosystem rapidly digitizes, reacting
quickly to market changes and developing new payments capabilities is
paramount. The ability to tap into the full ACI Universal Payments
portfolio was a key factor in selecting ACI, as we embark on our
transformation journey with a view towards the emergence of a stronger
Indonesian payment system, as well as cross-border payment flows across
the ASEAN community and the rest of the Asian countries,” said Armand
Widjaja, CEO, ALTO. “In addition, non-functional requirements such as
platform stability and scalability were key priorities for our IT
operations – an area where ACI has a strong track record.”

“Alternative payment methods, including those emerging to address growth
in mobile and eCommerce, are evolving quickly across Asia – and
Indonesia is one of the highest-growth regions with a booming digital
commerce marketplace,” said Leslie Choo, managing director – Asia, ACI
Worldwide. “Any company that wants to succeed and become a dominant
player in this market needs to be proactive and anticipate future
trends. ALTO is strongly positioned to do just this, and to play a
pivotal role in Indonesia’s emerging new payments ecosystem.”

About ACI Worldwide

ACI Worldwide, the Universal
Payments
 (UP) company, powers electronic
payments
 for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment
 services. Through our comprehensive
suite of software solutions delivered on customers’ premises or through
ACI’s private
cloud
, we provide real-time, immediate
payments
 capabilities and enable the industry’s most complete omni-channel
payments
 experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.

© Copyright ACI Worldwide, Inc. 2019.

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