IBS Journal December 2015


ACI Worldwide snaps up German payments company Pay.on for €180m


US-based payments company ACI World- wide has acquired lending and ecommerce provider Pay.on. Under the agreement, ACI will gain 100% of the equity of Pay.on using a combi- nation of cash and stock, valuing the provid- er at around €180 million. Munich-based Pay.on provides connec-


tivity to merchants to more than 300 pay- ments methods in 160 countries. Pay.on’s solutions, provided on a


Software-as-a-Service (SaaS) basis, says ACI, give customers ‘the ability to deliver a seam- less omnichannel customer payment expe- rience in any retailer modality – in store, mobile and online’. ACI Worldwide already has a wide range


of payments services throughout its port- folio, and Pay.on will enable the compa- ny to expand its ecommerce platform into new regions, according to CEO at ACI, Phil Heasley. The purchase of Pay.on is unlikely to


Naples, Florida, home of ACI Worldwide ©storage.googleapis.com


affect ACI Worldwide’s earnings for the remainder of the fiscal year 2015, according to the firm. The company’s existing credit facility, it says, will be used to finance the transaction. ACI has recently emerged from a legal battle in India with systems integrator FSS,


which alleged that the former had abused its position in the market. Following a year- long investigation from the Competition Commission of India (CCI), the US pay- ments company was found to have done no wrong.


Alex Hamilton


Agos Ducato selects Sword Apak’s wholesale finance system


Italy-based Agos Ducato, a subsidiary of Crédit Agricole Consumer Finance, is implementing Sword Apak’s Wholesale Floorplanning Finance System (WFS) v6. Agos is expanding its wholesale oper-


ations in Italy by introducing main dealers into its business portfolio. Luigi Senesi, deputy CEO and director


of commercial network of Agos Ducato, says that Sword Apak’s earlier work with Crédit Agricole has influenced its choice of the pro- vider. Senesi comments that the vendor ‘has proven its ability to design, deliver and flex’. WFS is being delivered on a hosted


basis. Senesi describes the system as ‘fully integrated, web native’ and is hopeful that it will improve the company’s operating effi- ciency’.


WFS will provide manufacturers and dealers with access to information includ- ing credit lines, stock lists, bank transactions,


6


reports and management information. Users will be able to manage their stock finance accounts online, make new and used vehi- cle funding requests, pay off existing loans, swap vehicles, view reports and download statements. This new deal gives Sword Apak its third


Italian-based client to date. This is also the second implementation for Sword Apak under the Crédit Agricole umbrella with Netherlands-based bank Ribank already a WFS user.


More on WFS UK-based Sword Apak (part of France’s Sword Group) is one of the major global suppliers of the wholesale automotive finance solutions. WFS has been around for decades, but got a ground-up rewrite in the mid-2000s using Java and Oracle-based technology to construct a Services Orient-


© IBS Intelligence 2015 www.ibsintelligence.com


Luigi Senesi, Agos Ducato ed Architecture (SOA).


WFS users include Daimler Financial


Services, De Lage Landen, Volvo Financial Services, Mazda Motors Europe and Allied Irish Banks (AIB).


Antony Peyton


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