ACI Worldwide, a powerhouse in real-time payments software, has teamed up with RYVYL EU, a major player in the payment services sector of Central Eastern Europe. This collaboration aims to boost merchants’ revenues across the region by improving transaction conversion rates.
RYVYL EU, based in Sofia, Bulgaria, operates as an EU-regulated electronic money institution and a subsidiary of RYVYL Inc., adhering to the rigorous standards set by the Bulgarian National Bank and EU directives and complying with MasterCard, Visa, and Union Pay regulations.
What This Partnership Brings
Through this partnership, RYVYL EU’s eCommerce merchants and PSP customers will transition to the ACI Payments Orchestration Platform. This move is designed to streamline payment processes, offering a single solution, platform, and API integration that promises optimal conversion rates and reduced operational costs. For merchants and PSPs, this means being able to offer a more seamless and secure customer experience.
Daniela Ivanova, CEO of RYVYL EU, expressed excitement over the collaboration, highlighting it as a step towards staying ahead in the technological evolution of payment processing. This partnership with ACI is expected to not only enhance the customer experience for merchants and PSPs but also support RYVYL EU’s expansion plans in the merchant-acquiring domain.
Nick Craig, head of Europe at ACI Worldwide, pointed out the strategic benefits of the Payments Orchestration Platform, emphasizing its role in managing multiple payment providers, acquirers, and banks.
