ACI's UP Immediate Payments solution provides single point of access
to all Immediate Payments schemes globally
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, has been named by EBA
Clearing as one of the ‘frontrunner service providers' for the
pan-European EBA SEPA Instant Credit Transfer Scheme, due to go live in
November 2017. The scheme will enable consumers and businesses to make
euro credit transfers in real-time between accounts across an
international area that will eventually span over 34 European countries.
The first pilot banks are expected to start testing as early as Q1 2017.
ACI Worldwide will support and provide assistance to a number of banks
joining the scheme. ACI's UP Immediate Payments solution provides a
single point of access and liquidity control to all Immediate Payments
(IP) schemes globally. Available via a SaaS delivery model or
on-premise, the solution is fully designed to provide connectivity to
the pan-European EBA SEPA Instant Credit Transfer Scheme (SCT Inst).
Barry Kislingbury, Director Solution Consulting, Immediate Payments,
ACI Worldwide comments:
"We are delighted to have been named as one of the ‘frontrunner service
providers' by EBA Clearing for the new European instant payments scheme.
ACI's Immediate Payments experience is unrivalled—we have assisted
financial institutions in the UK, Singapore and Australia to connect and
integrate payments systems into their domestic schemes.
"ACI's UP Immediate Payments offers a proven solution for financial
institutions that need connectivity to one or multiple IP schemes. We
not only provide our customers with a technical gateway, but also full
real-time payment processing and liquidity functionality, guidance on
compliance, fraud, scheme rules, testing and certification, as well as
support throughout the complex on-boarding process."
ACI has an unmatched global customer base of financial institutions,
payment service providers, fintechs and schemes using its UP Immediate
Payments solution. In the UK, ACI's solution has been used by financial
institutions to access the UK Faster Payments scheme since its launch in
2008. Currently 9 out of the 14 direct participants of the UK's Faster
Payments Scheme use ACI's solutions. The central infrastructure of FPSL,
widely considered a global model for the industry, also utilises ACI's
UP Immediate Payments solution.
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries as
well as thousands of global
merchants rely on ACI to execute $14 trillion each day in payments
and securities. In addition, myriad organizations utilize our electronic
bill presentment and payment services. Through our comprehensive
suite of software and SaaS-based
solutions, we deliver real-time, immediate
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.
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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
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not represent a commitment to deliver any material, code, or
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View source version on businesswire.com: http://www.businesswire.com/news/home/20161214005193/en/
Dan Ring, 781-370-3600
Boettger, 0044 (0) 7776 147 910
Source: ACI Worldwide
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