Financial institutions now better able to service UnionPay's rapidly
growing global user base, while reducing infrastructure costs with ACI's
consumer payments clearing solution
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment and banking systems, today announced strengthened support
for UnionPay, the largest card network in the world. ACI's clearing
solution, ACI Interchange, opens up new markets for financial
institutions and processors by enabling support for UnionPay
transactions while extending infrastructure options to include IBM
System p™ AIX.
UnionPay has issued more than 3.5 billion cards worldwide (Nilson
Report) and it is projected to continue its significant growth. UnionPay
cards are accepted in more than 140 countries and its growth presents a
significant opportunity for financial institutions and processors facing
revenue pressures or wanting to extend their commercial offerings with a
growing brand. ACI Interchange already supports incoming and outgoing
clearing and settlement processes for transactions underpinned by EMV
and magnetic stripe payment cards for the major international schemes;
this has now been extended to include UnionPay.
In addition to adding UnionPay support, ACI Interchange now also offers
support for IBM System p™ AIX, which is in line with ACI's end-to-end
consumer payments solution. This enables lowering of IT costs through
platform consolidation, while providing customers with more platform
choice. Consolidated platform choice directly addresses reducing costs
and simplifying infrastructure requirements, thus alleviating
maintenance burdens and improving margins.
With ACI Interchange, financial institutions and processors worldwide
are able to:
-
Eliminate multiple systems with one solution that offers native
support for all international payment networks
-
Remove the burden of maintaining multiple scheme formats, regular
scheme mandates and differences between scheme processing requirements
-
Save substantial scheme fees and be proactively compliant with complex
interchange requirements
"In collaboration with our customers, we have strengthened our clearing
solution to open up new markets and lower costs," said Jeff Hale, Senior
Vice President, Retail Payments, ACI Worldwide. "Customers have
previously benefited from using ACI Interchange to save on maintenance
costs and reduce scheme fees, and now that we offer UnionPay, they can
access this important and fast-growing network."
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 5,000
financial institutions, retailers, billers and processors around the
world. ACI software processes $13 trillion in payments and securities
transactions for more than 250 of the leading global retailers, and 21
of the world's 25 largest banks. Through our comprehensive suite of
software products and hosted services, we deliver a broad range of
solutions for payments processing; card and merchant management; online
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2014.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
parties' trademarks referenced are the property of their respective
owners.
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI's sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing
decision.
ACI Worldwide, Inc.
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide, Inc.
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