NEW YORK, May 18, 2009 (GLOBE NEWSWIRE) -- ACI Worldwide, Inc. (Nasdaq:ACIW), a leading international provider of electronic payment software and solutions, is celebrating its successful 20-year relationship with Al Rajhi Bank helping to manage the largest ATM, POS and branch network in the Middle East, processing the highest transaction volumes in Saudi Arabia.
Al Rajhi is one of the largest Islamic banks in the world with over four million customers. Headquartered in Riyadh, Saudi Arabia, Al Rajhi has more customers than any other bank in the Kingdom. It has over 400 branches, of which more than 100 are dedicated ladies' branches, as well as 2,000 ATMs and 15,000 POS terminals. In addition to its presence in Saudi Arabia, Al Rajhi bank also has 19 branches in Malaysia, a number which is steadily growing.
Al Rajhi uses a range of integrated products from ACI including the BASE24(r) payments engine, ACI Commerce Gateway(tm) for secure Internet payments, and ACI Proactive Risk Manager(tm) for identifying and preventing fraud and money laundering.
Mr. Saeed Al Ghamdi, deputy CEO from Al Rajhi Bank, said, "ACI is a key partner for Al Rajhi. The company's solutions have proven themselves to be scalable and reliable and the tools are very well integrated. Working with ACI means that we can focus more time and effort on delivering the best possible products and services to our customers without worrying about the IT systems underpinning everything. ACI is on the ground here in the Middle East and understands our business requirements -- we look forward to the next 20 years."
Steve Wright, president of EMEA at ACI Worldwide, said, "Al Rajhi Bank is committed to delivering the solutions that meet its customers' needs. The bank prides itself in its use of technology to deliver the best service to customers, which has been recognised with the many awards it has won. We are delighted to contribute to that success."
About Al Rajhi Bank
Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 124 billion (US$33 bn), a market capital of US$4 billion and over 8,000 employees. Based in Riyadh, Saudi Arabia, Al Rajhi Bank has a network of over 400 branches, over 100 dedicated ladies' branches, 2,000 ATMs, and 15,000 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom. Al Rajhi Bank ventured into Malaysia in 2006. It currently has 19 branches in the country with plans to increase this number in the future. www.alrajhibank.com.sa
About ACI Worldwide, Inc.
ACI Worldwide is a leading provider of electronic payments software and services to major banks, retailers and processors around the world. The company enables online payment processing, online banking, fraud prevention and detection, and back-office services. ACI solutions provide market-leading levels of reliability, manageability and scale, to more than 800 customers in 88 countries. Visit ACI Worldwide at www.aciworldwide.com.