Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  LAUNDER RICHARD N
 2. Date of Event Requiring Statement (Month/Day/Year)
08/09/2006		 3. Issuer Name and Ticker or Trading Symbol
TRANSACTION SYSTEMS ARCHITECTS INC [TSAI]
(Last)
(First)
(Middle)
224 S. 108 AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

OMAHA, NE 68154		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2,976 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   (2) 05/13/2012 Common Stock 10,000 $ 10.28 D  
Non-Qualified Stock Option (right to buy)   (3) 07/10/2010 Common Stock 20,000 $ 17 D  
Non-Qualified Stock Option (right to buy)   (4) 10/17/2013 Common Stock 15,000 $ 18 D  
Non-Qualified Stock Option (right to buy)   (5) 09/14/2015 Common Stock 15,000 $ 27.94 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LAUNDER RICHARD N
224 S. 108 AVENUE
OMAHA, NE 68154		       Senior Vice President  

Signatures

By: /s/ Victoria H Finley, Attorney in Fact For: Richard Launder 08/18/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares were acquired under the Transaction Systems Architects, Inc. ("TSA") 1999 Employee Stock Purchase Plan.
(2) This option is fully vested and exercisable. The option was granted under the TSA 1999 Stock Option Plan on May 13, 2002 and vested in equal annual installments over a three year period beginning with the first anniversary of the grant date. The option became 100% vested on May 13, 2005.
(3) This option is fully vested and exercisable. The option was granted under the TSA 1999 Stock Option Plan on July 10, 2000 and vested in equal annual installments over a three year period beginning with the first anniversary of the grant date. The option became 100% vested on July 10, 2003.
(4) This option vests 25% per year beginning with the first anniversary of the grant date and therefore, 7,499 shares are vested and exercisable with 3,750 shares to vest on October 17, 2006 and 3,751 shares to vest on October 17, 2007. This option was granted under three separate plans with 9,689 shares granted under the TSA 1999 Stock Option Plan, 3,219 shares granted under the TSA 1996 Stock Option Plan and 2,092 shares granted under the ACI Holding, Inc. 1994 Stock Option Plan.
(5) This option vests 25% per year beginning with the first anniversary of the grant date with the first installment becoming exercisable on September 14, 2006. The option was granted under the TSA 1999 Stock Option Plan.

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