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| Subject: From ACI Worldwide; ACI is Part of PCCW-Led Consortium Awarded Hong Kong ID Contract | |
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Author: Oct. 22, 2002--ACI Smart Chip Manager(TM) |
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Date Posted: Monday, February 17, 07:48:43am In reply to: Strategic partners include ANZ TLS 's message, "Securenet" on Monday, February 17, 07:38:56am Hong Kong ID Project to Use Smart Card Management Software From ACI Worldwide; ACI is Part of PCCW-Led Consortium Awarded Hong Kong ID Contract SOMAHA, Nebraska --Oct. 22, 2002--ACI Worldwide (Nasdaq:TSAIE), a leading international provider of enterprise e-payment solutions, today announced that its ACI Smart Chip Manager(TM) has been selected for use in the recently announced Hong Kong smart identity card system (SMARTICS). The contract for implementing the system was recently awarded to a consortium of companies, of which ACI is a key member, led by PCCW Business eSolutions, a business unit of PCCW Limited (SEHK:0008)(ADR-NYSE:PCW). ------------------------------------------------------------ ACI's role in the project includes delivery of the Smart Chip Manager, an integrated software application that controls the lifecycle of smart cards and the applications that reside on them --including issuance and post-application loads in the field. A number of critical business requirements of the SMARTICS project would not be satisfied without the extensive range of functions provided by Smart Chip Manager. The software has been architected to address all generally accepted industry standards, and it has the flexibility to respond to emerging and future requirements. ACI developed Smart Chip Manager after extensive and valuable experience gained through industry-leading projects in Europe and elsewhere. This unique experience also qualifies ACI to provide a range of specialized smart card services. ----------------------------------------------------------- "The SMARTICS project is recognized around the world as a significant and leading edge development," said Don McLarty, vice president of ACI Worldwide's Asia Pacific operation. "We have made significant investments in developing our smart card solutions, and being selected for such a prestigious project confirms our position as a leader in the field." ------------------------------------------------------------ Under the terms of the contract, the consortium directed by PCCW's eSolutions business unit will provide 1.2 million smart cards to the Immigration Department of the Government of the Hong Kong Special Administrative Region. Because of the complexity of SMARTICS, and stringent requirements on data privacy and data security, a very high emphasis was placed on the ability of PCCW and its partners to demonstrate that the consortium's work would be of the highest quality. ------------------------------------------------------------ PCCW identified and assembled top-quality technology partners from around the world, bringing together international and local companies that collectively provide security and related technology systems for tens of millions of security and credit cards as well as services to governments and large corporations. ----------------------------------------------------------- "PCCW was chosen for this contract because we and our partners demonstrated the ability to create a high quality and efficient smart card solution for Hong Kong," said Aloysius Lee, managing director of PCCW Commercial Group. "Winning this contract clearly communicates that PCCW meets the high expectations of large-scale customers. ACI's proven track record in delivering high class, scalable and robust solutions to meet mission critical applications to hundreds of customers around the world was an asset to the consortium." ------------------------------------------------------------ ACI's chip card technologies support more than 20 million multi-application cards on different operating systems and smart card platforms worldwide. ------------------------------------------------------------ About ACI Worldwide ------------------------------------------------------------ Every second of every day, consumers are initiating electronic payment transactions -- getting cash at ATMs, using debit and credit cards to make purchases in stores and on the Internet, banking by phone and PC, paying bills online. Twenty billion times a year, ACI software is used to process these transactions, powering the world's online payment systems. ACI was founded in 1975 and pioneered the development of applications and networking software for online transaction processing. Today more than 540 customers in 71 countries use ACI supplied software. Visit ACI Worldwide on the Internet at www.aciworldwide.com. ------------------------------------------------------------ Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding Transaction Systems Architects, Inc.'s ("TSA"), its subsidiaries or third parties' expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially. Factors that could cause actual results to differ include but are not limited to the following. ------------------------------------------------------------ The success of TSA, or any of its subsidiaries, entering into a new distribution or partnering arrangement depends on numerous factors including the acceptance of the distributed products or services by TSA's existing customer base and integration of the products and services into TSA's marketing efforts, the quality of the products or services as perceived after use by TSA's customers, and the degree of competition from competitive products or service providers. ----------------------------------------------------------- TSA's business is concentrated in the banking industry, making it susceptible to a downturn in that industry. ----------------------------------------------------------- TSA is subject to risks of conducting international operations including: difficulties in staffing and management, reliance on independent distributors, fluctuations in foreign currency exchange rates, compliance with foreign regulatory requirements, variability of foreign economic conditions, and changing restrictions imposed by U.S. export laws. ------------------------------------------------------------ Fluctuations in quarterly operating results may result in volatility in TSA's stock price. No assurance can be given that operating results will not vary. TSA's stock price may also be volatile, in part due to external factors such as announcements by third parties or competitors, inherent volatility in the high-technology sector and changing market conditions in the industry. ------------------------------------------------------------ [ Next Thread | Previous Thread | Next Message | Previous Message ] |