ACI Worldwide Expands Benefits of Real-Time Payments to Any Digital Channel for Consumers, Merchants and Billers
New functionality in ACI’s UP Immediate Payments solution addresses global demand for real-time and digital payments during and beyond COVID-19 pandemic
These capabilities bring the benefits of real-time payments to additional digital channels for consumers, merchants and billers. Leveraging recent product investments to support India’s Unified Payments Interface (UPI), the highest volume real-time scheme globally, the new capabilities are now available to support customers and schemes around the world.
UP Immediate Payments is a configurable pre-packaged, end-to-end solution offering a complete range of capabilities for processing real-time payments, including origination, processing, orchestration, clearing and settlement, fraud detection and connectivity—all on a single platform. The solution enables financial institutions and payment service providers to complement their existing infrastructure, lower costs and maximize investment value.
“Real-time payments are set to experience explosive growth worldwide, with the global pandemic highlighting the need for new and innovative digital payment options more than ever before,” said
UP Immediate Payments offers additional business functionality to support organizations in a high-volume, data-rich digital payments ecosystem, including:
- Support for Request for Pay (RfP), Person-to-Person (P2P) and recurring payments
- Stand-in authorization, liquidity management, batch processing, transaction warehouse, transaction reconciliation, case management
- Pre-integration with other ACI solutions, including UP Retail Payments to deliver real-time balance capabilities, UP Payments Risk Management for real-time fraud prevention, as well as the digital overlay capabilities of ACI partner Mindgate
- Creation of single customer view across the institution through APIs enabled for integration into any other banking system and data
ACI has multiple deployment models to support quick onboarding to any immediate payments scheme. UP Immediate Payments is available on premise, in the public cloud or in a managed platform environment. It is available ‘as a service’ in ACI’s data centers for organizations in the
Unlike in-house builds or core banking extension projects, UP Immediate Payments is a real-time native, highly configurable, globally proven solution. Financial institutions worldwide are successfully leveraging the solution to support multiple global schemes and add-on capabilities from a single implementation. ACI currently supports 18 real-time domestic schemes around the world, including Zelle and TCH in the US, and will support FedNow as it moves toward production. Approximately 50 percent of the UK’s Faster Payments (UKFP) and 75 percent of Hungary’s GIRO transactions are processed through UP Immediate Payments. The solution is also the core processing infrastructure for Malaysia’s Real-Time Retail Payments Platform (RPP), and STET’s real-time payments platform for PSPs in
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.
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