ACI: Acquire Speedpay for $750m

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ACI: Acquire Speedpay for $750m

ACI: Acquire Speedpay for $750m from Western Union in an all-cash transaction

  • ACI and Speedpay bill pay solutions aim to serve more than 4,000 customers across US
  • They targets finance, insurance, healthcare, higher education sectors etc as  consumers
  • ACI bring together the Speedpay and UP Bill platforms into a unified platform
  • ACI reckons the US bill pay market continues to grow at steady mid-single digit rates
  • Growth driven by mobile payments, real-time payments and digital subscription billing
  • The transaction expected to close by the end of second quarter of 2019