ACI Worldwide Agrees to Pay $10 Million Over Inadvertent Mortgage Payment Withdrawals

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ACI Worldwide Agrees to Pay $10 Million Over Inadvertent Mortgage Payment Withdrawals
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A 2021 computer testing error allegedly resulted in ACI’s payment-processing platform mistakenly withdrawing more than $2 billion from the accounts of mortgage holders

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https://www.wsj.com/articles/aci-worldwide-agrees-to-pay-10-million-over-inadvertent-mortgage-payment-withdrawals-1188394f‘Companies must be more diligent when handling consumers’ data and payment information to not cause worry and panic among consumers,’ said New York Attorney General Letitia James.Payment processor ACI Worldwide has agreed to pay $10 million to settle allegations a 2021 computer testing error resulted in itsCopyright ©2023 Dow Jones & Company, Inc.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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