Payment processor revenues jump

NAPLES — Payment processor ACI Worldwide posted a first-quarter net loss due to higher interest expense and foreign-currency fluctuations, the company says.

ACI, which provides electronic payment and banking to 5,000 customers, says it lost $6 million on revenues of $221 million in the first quarter ending March 31. That compares with a net loss of $2 million on revenues of $162 million in the same quarter in 2013.

Revenues grew 37% in the first quarter compared with the same quarter one year ago was the result of an acquisition and business growth.