In his new role, Farrell will report to ACI’s president for Asia Pacific, Jeremy Wilmot.

He Farrell has extensive experience in payments, cards and core banking segments, and will be focused on strengthening and extending ACI’s relationships with financial service providers and retailers in the region.

Farrell said ACI Worldwide has an opportunity to deliver competitive advantage through innovation and efficiency across the card payments, BECS1 and SWIFT payments value chains. ACI has packaged global best practices in payments processing, back office and fraud management to enable local banks to drive market share as corporates, merchants and consumers increasingly shop around for the best deal.

ACI Pacific provides solutions to more than 20 financial institutions (including the four major banking groups), processors and telcos across Australia and New Zealand.

These solutions are specifically in the areas of card payments, wholesale payments, fraud management, anti-money laundering, system monitoring and testing.