UK convenience retailer Co-op extends tie up with payments technology company ACI Worldwide.
ACI Worldwide and Co-op have announced an extension of their payments technology partnership.
This will see Co-op continue to use the full range of solutions offered by ACI’s Payments Orchestration Platform, including in-store, online and mobile payment processing as well as end-to-end payments and fraud management.
Co-op operates around 2,400 stores in towns, villages and cities across the UK. ACI has supported it with the launch of several payment initiatives in recent years. For example, Co-op uses its point-to-point encryption and tokenisation technology to secure its payments data.
In 2024, the retailer moved its full stack of payments and fraud prevention software into ACI’s multi-tenant cloud platform hosted in Microsoft Azure.
“ACI Worldwide has a long and successful track record of delivering innovative merchant payment and fraud prevention capabilities,” said Erich Litch, General Manager of Payment Software at ACI Worldwide. “Our market leading payments software solutions provide merchants across the globe with the flexibility to design and configure new products quickly while managing payments effectively and securely.”
“We are excited and proud to extend our longstanding partnership with Co-op,” said Nick Craig, Head of Europe, ACI Worldwide. “ACI’s cutting-edge technology will allow us to continue to scale and launch new, complex innovative projects, underscoring our position as one of the leading retailers in the UK.”
“We are pleased to continue our longstanding and successful partnership with ACI Worldwide,” said Paul Fletcher, Head of Payments, Co-op. “We are growing and investment in new technology supports our work to ensure an easy, quick and convenient shopping experience for shoppers. We aim to operate the best small shops, and our partnership with ACI Worldwide enables us to provide increased payment security, choice and convenience.”
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