ACI’s UP eCommerce Payments solution to support global growth of Nextpayway’s payment platform and blockchain-based digital wallet services.
Global provider of real-time electronic payment and banking solutions, ACI Worldwide, has announced that Nextpayway, a specialist payment platform solution for the gaming industry, is implementing ACI’s UP eCommerce Payments solution to deliver next-generation payments and fraud prevention.
Rapid growth of the global gaming industry, expected to reach USD $137.9 billion in 20181, presents a significant revenue opportunity for gaming operators and developers, but it is accompanied by challenges around customer authentication, payments acceptance and funds settlement. Nextpayway is a globally-operating, European-regulated white-label exchange payment solution, which offers users a blockchain-based personal e-wallet that uses its own cryptocurrency (NXP), providing additional ways for gamers to pay, and to receive near-instant cash-outs.
ACI’s UP eCommerce Payments solution provides Nextpayway with extensive global connectivity to a network of more than 350 card acquirers and alternative payment methods, offering more payment options for users. Real-time fraud management screens all transactions utilising advanced data analytics, adaptive machine learning and customer profiling techniques. This is backed by a unique combination of patented predictive models and unrivalled global fraud intelligence, supported by a team of expert risk analysts.
“With the gaming industry experiencing increasing levels of fraud, organizations like Nextpayway are turning to ACI and our award-winning UP payments solutions to provide peace of mind,” said Andy McDonald, vice president – merchant solutions, ACI Worldwide. “At the same time, gamers are looking for a seamless and secure experience when it comes to pay-ins and pay-outs; something that Nextpayway is addressing with its innovative, blockchain-based wallet solution, which ensures maximum freedom and control over funds.”
“ACI’s proven track record in helping businesses expand internationally and its network of more than 350 payments endpoints make it a natural fit for Nextpayway as we enter the next phase of our global growth,” said Angela Behar, CEO, Nextpayway. “The flexibility of the solution means we are able to support gaming operators that require extensive connectivity to card acquirers and alternative payment methods. And with fraud on the rise, ACI can support payments processing with integrated real-time fraud management.”
ACI’s real-time fraud management solution for merchants – ACI ReD Shield – has recently received a number of industry accolades, including ‘Security Innovation of the Year’ at the National Technology Awards, ‘Fraud Innovation Firm of the Year – USA’ by Finance Monthly Fintech Awards and ‘Best ID, Security and Anti-Fraud Solution’ by Merchant Payments Ecosystem. Along with the ACI PAY.ON Payments Gateway, ReD Shield is an integral component of the UP eCommerce Payments solution.