ACI Worldwide Settles With States, Financial Regulators Over Inadvertent Mortgage Payment Withdrawals

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ACI Worldwide Settles With States, Financial Regulators 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

‘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 $20 million to settle allegations a 2021 computer testing error resulted in itsCopyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

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