NEW YORK, May 25, 2011 (GLOBE NEWSWIRE) -- ACI Worldwide (Nasdaq:ACIW), a leading international provider of payment systems, today announced that it has signed a teaming agreement in India with Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm. This agreement will leverage the TCS Centre of Excellence in Payments to deliver financial institutions and processors with the best combination of payments products and services to meet their specific needs.
ACI Worldwide provides payments solutions for 15 Indian financial institutions, providing functions such as authentication, authorization, routing, settlement, device driving, merchant acquiring and fraud detection.
TCS works with more than 20 financial institutions in India and has extensive experience implementing and supporting payment systems. This teaming agreement gives organizations the option of working with a service provider with whom they may have already worked, when deploying payment systems from ACI Worldwide.
Jeremy Wilmot, president of Asia Pacific at ACI Worldwide, said, "India is one of the most forward-thinking nations when it comes to developing electronic payments, and ACI is proud to play a vital role in that growth. The agreement with TCS will provide additional payments expertise and resources to our 250 employees in the country, and ensure our customers can choose the support that works best for their environment, delivering business agility without compromising trust."
G. Srinivasa Raghavan, Country Head, India for TCS, said, "We have worked with many financial institutions in India and around the world, and we know from them how much they depend on and trust ACI and its solutions. This agreement will enable us to better support our existing customers through a closer tie directly with ACI Worldwide, and will enable us to bring our knowledge and experience of the payments space to even more organizations."
ACI Worldwide has been in India since 1990. The company has two offices in India, with a team in Bangalore providing global product development for ACI, as well as being the base for services for the Indian and Asia-Pacific markets, and an office in Mumbai providing sales and services capability. For more information on ACI's solutions please visit .
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About ACI Worldwide
ACI Worldwide powers electronic payments for more than 800 financial institutions, retailers and processors around the world, with its broad and integrated suite of electronic payment software. More than 90 billion times each year, ACI's solutions process consumer payments. On an average day, ACI software manages more than US$12 trillion in wholesale payments. And for more than 160 organizations worldwide, ACI software helps to protect their customers from financial crime. To learn more about ACI and understand why we are trusted globally, please visit . You can also find us on or on Twitter @ACI_Worldwide.
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model (GNDM™), recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 198,500 of the world's best-trained consultants in 42 countries. The company generated consolidated revenues of US $8.2 billion for year ended March 31, 2011 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at .
CONTACT: Catherine Eyres ACI Worldwide +44 1923 812741 email@example.com