Tag: ACI
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Three lessons in ACI’s $2.4B payments test disaster
Introduction In a shocking turn of events, ACI’s payments test disaster has seen the company face a staggering loss of $2.4B. This incident has shed light on critical shortcomings within ACI’s testing processes and serves as a wake-up call for the entire fintech industry. Let’s delve into the three key lessons we can learn from…
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ACI, states reach $20M in settlements over payments mishap
ACI, States Reach $20M in Settlements Over Payments Mishap In a groundbreaking development, ACI Worldwide, a leading global provider of real-time electronic payment solutions, has reached settlements totaling $20 million with multiple states over a payments mishap that occurred earlier this year. The incident had severe repercussions on millions of consumers, highlighting the critical importance…