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ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief

1. ACI Worldwide's survey shows 40% of taxpayers use tax refunds for debt relief. 2. 44% of respondents plan to save their tax refunds amidst inflationary pressures.

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Why Bullish?

The survey indicates demand for payment solutions as consumers prioritize debt relief, potentially boosting ACIW's services tied to financial management and transaction processing. Historical patterns reveal that companies aiding consumers financially see increased relevance and sales during economic strains.

How important is it?

The survey results directly pertain to consumer financial behavior, which influences ACIW's services. As consumers adjust their spending habits in response to economic pressure, this insight could help ACIW better tailor its offerings.

Why Short Term?

Immediate consumer behavior trends may lead to increased transactions resulting in short-term boosts in revenue. As tax season approaches, demand for ACIW's payment solutions may escalate quickly.

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OMAHA, Neb.--(BUSINESS WIRE)--A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov, shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief. The survey also reveals that 44% of respondents chose to save their tax refunds, signaling.

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