ACI expands in Brazil

Article Excerpt

ACI WORLDWIDE $21.33 (Nasdaq symbol ACIW; TSINetwork Rating: Extra Risk) (402390-7600; www.aciworldwide.com; Shares outstanding: 117.3 million; Market cap: $2.5 billion; No dividends paid) makes software for processing transactions by credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems. Its products also work to cut fraud. The company continues to sign contracts with a wide range of clients. They now include Braspag, part of the Cielo Group. Cielo is the largest Brazilian creditand debt-card operator. Braspag processes millions of payment transactions from 23 international credit-card brands. On behalf of 32 banks, it handles debit transactions in Brazil and five other countries—Mexico, Chile, Argentina, Colombia and Paraguay. ACI Worldwide is still a hold. hold…