Topic: How To Invest

Power Growth Investor Hotline – Friday, December 22, 2023

Article Excerpt

ACI WORLDWIDE INC., $30.31, is a buy. Through the stock (symbol ACIW on Nasdaq), investors tap this leading provider of software for processing transactions. That includes credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems. Its products also work to cut fraud. The company’s more than 5,100 customers include 1,000 global financial institutions and thousands of retail giants. All together, they process $14 trillion in payments a day. ACI just added a new customer, Colombia’s Central Bank, Banco de la República. The Central Bank will utilize ACI’s Digital Central Infrastructure, part of the company’s ACI Enterprise Payments Platform, to build the Central Infrastructure of an interoperable, countrywide system. That will include centralized settlement and addressing services for existing real-time payments systems. The project is set to go live in 2025. All current and future systems will need to connect to the new real-time payments ecosystem. Colombia, like other countries in the region, is primed to realize significant economic benefits for businesses and…