May 9, 2019
ACI Worldwide has closed its $750 million acquisition of Western Union’s Speedpay business and, in a related move, launched a new mobile wallet application that allows customers to pay bills directly from Apple Wallet and Google Pay, according to a press release.
ACI said the new functionality is based on its acquisition of Western Union’s Walletron business, which is used by more than 6 million consumers in 100 countries.
ACI and Walletron entered into a strategic relationship in October 2018 to let consumers view their bills and make payments via smartphone using the ACI Up Bill Payment solution.
"Today’s consumers expect a bill payment experience that is quick, easy and digitized, and with billing and payment among an organization’s most frequent and most important touch points, customer experience is paramount," Sanjay Gupta, executive vice president at ACI Worldwide, said in the release. "As more consumers utilize mobile devices to view and pay bills, organizations must be able to present bills in a mobile friendly way."
Topics: Bill Payment, Mobile/Digital Wallet
Companies: ACI Worldwide, Western Union
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