Building on past global successes, UP Framework for Immediate
Payments revolutionizes payments and financial services
NAPLES, Fla.--(BUSINESS WIRE)--
Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, announced today it is
working closely with The Clearing House (TCH) in support of its
initiative to implement a real-time payment system in the U.S. The
initiative will enable financial institutions (FIs) to send and receive
money instantaneously, revolutionizing payments and financial services,
among other industries in the U.S. and around the globe.
Leveraging its experience deploying similar payments capabilities in key
markets, including the U.K., Singapore and Australia, ACI recognized
that a primary success factor is an ease of access that drives ubiquity
and fast on-boarding. ACI is working with TCH to design and build an
access capability that can be managed directly by participants or
alternatively utilized through a fully managed cloud-based service,
providing a range of functionality from basic connectivity to stand-in
processing, risk management and fraud prevention. The objective is to
provide the right level of capability, from the simplest to the most
complex, required to allow all FIs to offer immediate payments-based
products to their customers.
"As an existing provider of payments systems to thousands of FIs in the
U.S. and a global leader in real-time capabilities, ACI is committed to
further developing the payments ecosystem," said Craig Saks, group
president, Strategic Products, ACI Worldwide. "We are delighted to
extend ACI's commitment to real-time payments in support of The Clearing
House initiative. This significant step will enable customers, both
established and new players to the financial industry, to effectively
leverage the global move to real-time payments."
"We are excited to have ACI join those supporting our real-time payment
initiative," said Steve Ledford, senior vice president, Products and
Strategy, TCH. "Many of our members and customers rely on ACI solutions
and the addition of a real-time payments access capability will assist
in ensuring accessibility, convenience and ubiquity to develop
innovative new business models through real-time payments."
Payments portfolio of solutions from ACI Worldwide orchestrates all
aspects of payments processing for any payment type, any channel, any
currency and any network.
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic payments for more than
5,000 organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries as well as 300 of the leading global
retailers rely on ACI to execute $14 trillion each day in payments.
In addition, thousands of organizations utilize our electronic bill
presentment and payment services. Through our comprehensive suite of
software and SaaS-based solutions, we deliver real-time, any-to-any
payments capabilities and enable the industry's most complete
omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2016.
ACI, ACI Payment Systems, the
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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
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ACI Worldwide, Inc.
Dan Ring, 781-370-3600
Source: ACI Worldwide, Inc.
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