Real-time electronic payment and banking software provider ACI Worldwide has expanded its relationship with South Africa’s payment processor Ecentric Payments Systems, which will leverage API’s UP Merchant Payments software to extend its capabilities with e-commerce payment and gift card solutions.
Ecentric, which has worked with ACI for more than 15 years to grow its South African footprint, processes more than 880m transactions annually. Building upon this relationship, Ecentric has implemented service-oriented solution-architecture principles and design via ACI’s Universal Payments framework, which also supports ease of integration with other systems through flexible, open payment infrastructure.
“Consumers are demanding a connected retail experience and want merchants to offer multiple payment options across all channels in a consistent manner, and merchants want technology that is flexible and responsive to changing market needs across multiple geographies,” said Hassen Sheik, managing director, Ecentric.
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The fintech vendor has agreed the deal as it attempts to complete a bid to buy UK mobile banking vendor Monitise.