ACI Worldwide Acquires Fraud Prevention Company Retail Decisions (ReD)

Naples, Florida based ACI Worldwide (NASDAQ: ACIW) is a global payments processing powerhouse handling payments totaling over $13 trillion per day and provides payment solution for over 5000 financial institutions, and retailers around the world.

Yesterday they announced the completion of their acquisition of closely held Brookwood, England-based Retail Decisions Co. (ReD). The deal closed as an all cash transaction putting the price rage on the anti-fraud software company at $205 million.

“We are excited to welcome ReD into the One ACI organization. The addition of ReD’s talented team and product portfolio enhances our Universal Payments strategy and further strengthens our leadership position in the fast-growing payments risk management space,” said Philip Heasley, President and CEO, ACI Worldwide. “The combination of ACI and ReD results in a powerful merchant retail solution that will drive our market leadership-providing an unrivaled customer experience-consistent and unified anytime, anywhere and through any access point or device.”

As result of this transaction ACI Worldwide previously disclosed estimated earnings of approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014.

It’s definitely a step in the right direction as consumers demand greater ease of use with their payment methods while expecting absolute safety and fraud prevention at the same time.