ACI Worldwide and BMO Drive Business-to-Consumer Payments with Zelle
Modernization of BMO’s globally recognized payments architecture drives new products to market quickly and effectively
“Our focus is to create services that better support our customers and
make payments faster and easier,” said
ACI’s UP Real-Time Payments solution provides BMO with connectivity to real-time payment networks from a single hub, which allows the bank to deliver faster and more efficient payment experiences for customers. In addition, BMO has also deployed Zelle, which allows businesses to capitalize on real-time B2C payments using a consumer’s email address or U.S. mobile phone number.
The implementation of BMO’s Payment Hub, powered by ACI’s UP Real-Time
Payments solution, earned the bank a 2019
“Changing customer demands creates the need for banks to become ever
more digital, which is driving the imperative to modernize their payment
“BMO transcends innovation and its recent Celent award win is very well
ACI is an official technology partner of the Zelle network, a leading payments network that has processed hundreds of millions of transactions. ACI’s UP Real-Time Payments solution is the only global solution that allows financial institutions to address their RTGS (Real-time Gross Settlement), SWIFT messaging, ACH and faster payments needs (including Zelle and The Clearing House RTP) with a single, universal offering. ACI enables faster time to market, better management of cash flow, improved secure payments and fraud detection capabilities, simplified connectivity to new payments types, and transparency for customers in tracking their payments.
ACI will showcase its real-time payments and payments intelligence
offerings at The Payments Canada 2019 Summit,
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