Press Release

                ACI Worldwide offers ACI Low Value Real-Time Payments to organizations adopting the FedNow Service

MIAMI, FLA - March 9, 2022—ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software, today announced it is featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions. 

 “We’re thrilled to be part of the FedNow Service Provider Showcase and look forward to helping banks and financial institutions across the US  implement real-time payments,” said Craig Ramsey, global head of real-time payments,  ACI Worldwide. “As the global leader in real-time payments, we know first-hand that real-time payments drive economic growth and promote financial inclusion. With our solutions, businesses and consumers across the US will be able to make faster, cheaper and all-round better payments and access the full benefits of the new FedNow Service when it launches in 2023.” 

ACI currently supports 17 real-time domestic schemes around the world, including Zelle and TCH in the US, and FedNow as it moves toward production.

“We appreciate the commitment of ACI in enabling FedNow adoption and participating in the showcase,” said Nick Stanescu, Federal Reserve Bank senior vice president and FedNow business executive. “The time is now for organizations to identify and connect with partners they’ll need to build the end-to-end solutions the market is demanding.” 

ACI Worldwide is providing ACI Low Value Real-Time Payments to banks and financial institutions to support their adoption of the FedNow Service. The highly scalable, end-to-end real-time payments solution is available as a cloud-based SaaS offering or via traditional on-premise deployment; and is already live and in use by Zelle and TCH in the US. It enables banks and processors to connect to all global schemes and deliver value-added services to their customers. The solution combines origination, processing, orchestration, clearing and settlement, fraud detection and connectivity capabilities—all on a single platform. ACI Low Value Real-Time Payments is designed to speed time to market, reduce implementation risks and will lay the foundation for the rapidly growing demand for real-time digital banking.

To learn more, visit www.aciworldwide.com in the FedNow Service Provider Showcase on FedNowExplorer.org.  

About ACI Worldwide

ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

About the FedNow Service  

The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions — regardless of size or geographic location — around the clock, every day of the year. Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments. Access will be provided through the Federal Reserve’s FedLine^® network, which serves more than 10,000 financial institutions directly or through their agents. For more information, visit FedNowExplorer.org. “FedNow" is a service mark of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available at FRBservices.org. 

Media Contacts

Katrin Boettger
katrin.boettger@aciworldwide.com

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