ACI Worldwide and Co-op Extend Strategic Technology Partnership for Secure Payments and Fraud Management Solutions

ACI Worldwide and Co-op have extended their strategic technology partnership, with Co-op to continue using ACI's Payments Orchestration Platform for in-store, online, and mobile payment processing, as well as end-to-end payments and fraud management. The partnership has supported Co-op's launch of several innovative payment initiatives, including secure payments data and a cloud-hosted platform in Microsoft Azure. The migration to the cloud provides scalability, added security, and enhanced data protection.

The strategic technology partnership between ACI Worldwide and the UK's leading convenience retailer, Co-op, has been extended, allowing the retailer to continue leveraging ACI's Payments Orchestration Platform for its in-store, online, and mobile payment processing needs [1]. This extension comes as part of Co-op's growth ambitions and its commitment to delivering a seamless and secure shopping experience for its customers.

ACI's Payments Orchestration Platform offers a comprehensive suite of solutions, including payment processing, end-to-end payments, and fraud management. Co-op has been utilizing these services to secure its payments data and launch innovative payment initiatives [1]. For instance, the retailer uses ACI's point-to-point encryption and tokenization technology to protect its customers' sensitive payment information.

In 2024, Co-op successfully migrated its full stack of payments and fraud prevention software into ACI's multi-tenant cloud platform hosted in Microsoft Azure [1]. This migration provided the retailer with scalability, enhanced security, and data protection, enabling it to support its growing business and deliver new, complex innovative projects.

The partnership between ACI and Co-op has been instrumental in the retailer's growth and success. ACI's market-leading payments software solutions offer merchants like Co-op the flexibility to design and configure new products quickly while managing payments effectively and securely [1].

Paul Fletcher, Head of Payments at Co-op, expressed his satisfaction with the partnership, stating, "We are pleased to continue our longstanding and successful partnership with ACI Worldwide. Co-op is 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" [1].

In conclusion, the extended partnership between ACI Worldwide and Co-op is a testament to the value of innovation and collaboration in the retail sector. With ACI's cutting-edge technology, Co-op is well-positioned to continue scaling and delivering new, innovative projects, further solidifying its position as one of the leading retailers in the UK.

[1] Silicon Canals. (2023, March 20). ACI Worldwide and Co-op extend strategic technology partnership. https://siliconcanals.com/aci-worldwide-and-co-op-extend-strategic-technology-partnership/