ACI Worldwide Powers Payments at PKO BP, Poland's Largest Bank
ACI solutions at the heart of PKO's 2020 growth ambitions, its industry-leading IKO payments initiative and the evolution of Poland's uniquely advanced mobile payments system (BLIK)
The new agreement will see PKO utilize ACI's UP Consumer Payments offerings over the next seven years. One key element is PKO's migration from its current BASE24 system to ACI's next-generation UP BASE24-eps payments platform, which will support the bank's extensive network of more than 3,000 ATMs. UP BASE24-eps supports the acquiring, authorizing, routing and switching of consumer transactions, including card and non-card payment types such as mobile and email addresses. UP BASE24-eps leverages ACI's Universal Payments (UP) framework, a set of technologies that orchestrates all aspects of payment processing for any payment type, any channel, any currency and any network.
PKO has been an ACI customer for almost 20 years, with ACI's UP
solutions behind the successful roll-out of PKO's IKO payments
initiative. IKO is a mobile app that allows PKO and Inteligo (its
Internet brand) customers and non-customers to make mobile payments
across a wide network of stores - both traditional and internet-based -
and transfer funds to beneficiaries identified by their telephone
numbers. Additionally, it allows users to withdraw money from ATMs via
their mobile phones. Thousands of retailers and restaurants across
In 2013, six Polish banks decided to build a common mobile payment standard based on the IKO technology. The new payment system, which is called BLIK, will be launched this year and will connect the different banks via a common payments platform, while allowing them to develop their own application software. The project is unique in terms of its scale, considering the market share of the participating financial institutions, and in terms of the many offerings it will deliver to users.
The agreement between ACI and PKO BP also includes an upgrade to ACI Issuer to support the bank's card issuing business, a new license for the ACI Payment Testing tool (ASSET), and a Premium Customer Support arrangement.*
"This is an exciting time for the payments industry in
PKO BP currently operates nearly 1,200 branches in Poland and manages accounts for more than eight million customers, including a large corporate customer base. In 2014, PKO BP took over the Polish branch of Nordea, the largest financial group in Scandinavia. ACI is also expected to assist with the integration of Nordea's and PKO BP's systems.
Note to editors:
*ACI Issuer
supports the complete life cycle of back office processing including
setting up card product terms and conditions, opening accounts, issue
and re-issue of plastics, account management, transaction management and
customer service. The ACI Payment Testing (ASSET) is a tool which
simulates and tests all elements of the underlying payments
infrastructure including ATM, POS and network interfaces to ensure
payments systems are reliable and error-free.
About
About PKO Bank Polski
PKO Bank Polski is a leader in the
Polish banking sector. After three quarters of 2014,
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katrin.boettger@aciworldwide.com
or
enichols@prosek.com
Source:
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