News

ACI's latest BASE24 release supports EMV, multiple currencies

August 27, 2002

OMAHA, Neb. -- ACI Worldwide (Nasdaq: TSAIE) says that more than 30 financial institutions, including Bank One, South Africa's ABSA Group, Mexico's Comercial Mexicana and China's National Credit Card Center of R.O.C., are currently in production with BASE24 6.0, the latest release of its transaction processing software.

More than 70 additional customers are in the process of implementing it, according to a news release.

The latest release provides global EMV support, which allows customers using BASE24 6.0 to acquire EMV transactions from ATM and POS devices, authenticate transactions via interfaces to security models, and route and authorize EMV transactions while linking to Visa, Europay, and MasterCard's BankNet, MDS and Maestro networks, as well as national networks such as LINK in the UK.

BASE24 6.0 also gives users the ability to acquire transactions in different currencies and apply them to accounts operated in many currencies. There is no limit to the number of currencies that can be used, allowing financial institutions to migrate through currency change (as has been the case for ACI's European customers accepting the euro) and allowing financial institutions and network providers to operate centralized processing centers that cover multiple countries and currencies using a common BASE24 platform.

BASE24 6.0 is also the platform for enhancements such as triple DES support and remote initial key download, according to the news release.