ACI Worldwide Acquires ISD Corporation
ACI Worldwide, Inc. a provider of payment systems, recently announced that it has acquired ISD Corporation, to broaden the functionality of its payment solutions for retailers. With the addition of 140 customers from ISD, ACI is now working with more than 220 retail clients worldwide running ACI payment systems, according to a company press release.
“The acquisition of ISD is consistent with ACI’s growth strategy,” said Philip Heasley, CEO of ACI Worldwide. “ACI has been working with retailers for many years, with solutions designed to manage the cost of accepting and processing electronic payments…The acquisition of ISD will bring additional products and customers for this growing line of business.”
ISD’s suite of products is designed to enable retailers to consolidate, manage, secure and route all electronic transactions from their point of sale systems to third party processors for authorization and settlement. ACI’s suite of solutions for retailers, including real-time rewards, refunds authorization and stored value products, is designed to provide retailers with a customer-centric solution at the “moment of truth,” when a consumer is ready to make a purchase, regardless of the shopper’s preferred payment method.
Kurt Salmon and VendorNet Form Strategic Alliance
VendorNet, Inc., a provider of cross-channel fulfillment technology, recently announced a strategic alliance with global management consulting firm, Kurt Salmon, to provide multi-channel retailers with collaborative consulting services and technology solutions. The alliance is focused on helping retailers transform traditional siloed business infrastructure into an integrated cross-channel sales and fulfillment business model to meet the increasing demands of multi-channel shoppers, according to a company press release.
“To succeed in today’s competitive retail landscape, retailers must evolve their channel-specific organizational business processes and structure, and disparate technology systems to present one face to the customer,” said John Seidl, partner at Kurt Salmon. “This can only be accomplished with a cohesive alignment of the business infrastructure and intelligent channel integration technology. Our alliance with VendorNet sets both in motion. Together, we offer retailers a strategic focal point for consulting services to address the organizational issues and the cross-channel technology needed to support this new business strategy.”
VendorNet and Kurt Salmon’s “Multi-Channel Assessment” program is designed to help transform the traditional multi-channel business model by tailoring best practices and cross-channel technology to a retailer’s unique requirements.
VendorNet and Kurt Salmon’s joint whitepaper titled, “Omni-Channel Retailing, The Next Generation of Multi-Channel” provides information on the new omni-channel paradigm. The white paper is available for download here.