The firms have signed a definitive agreement to this effect.
Based in Germany, PAY.ON offers a white label global payment gateway solution that features connectivity to more than 300 alternative payment methods and card acquirers in more than 160 countries.
Using PAY.ON’s solution merchants and payment services providers (PSPs) will be able to increase international revenues, while reducing costs and risk.
ACI Worldwide president and CEO Phil Heasley said: "PAY.ON brings world-class eCommerce payment and Card Not Present (CNP) capabilities to ACI. Its SaaS-based business model, coupled with its strength in alternative payments and cross-border capabilities, allow us to expand our eCommerce platform broadly into new geographic regions.
"Our acquisition of ReD in 2014 strengthened our position as a market leader in the CNP payments risk management market, and this acquisition further solidifies our position as a leading omni-channel payments provider."
PAY.ON’s SaaS-based ecommerce gateway solution complements and strengthens ACI’s Universal Payments (UP) retailer payments offering.
The combined ACI/PAY.ON solution will allow merchants and PSPs to deliver a seamless omni-channel customer payment experience in any retailer modality such as in store, mobile and online, the companies said.
The acquisition will be financed by ACI’s existing credit facility.
Additionally, ACI is planning to open a data center in Limerick, Ireland in a bid to expand its European data center operations.
The new facility will be opened in the second half of 2016. It will provide SaaS-based payment solutions and UP solutions to meet growing demand in the Europe, the Middle East and Africa.
Image: ACI Payment Systems office in Waltham, Massachusetts. Photo: courtesy of John Phelan / Wikipedia.
