Press Release

ACI Worldwide Joins International Payments Framework Association, Helps Set the Standard for Cross Border Payments

October 20, 2010
ACI Worldwide Joins International Payments Framework Association, Helps Set the Standard for Cross Border Payments

Launched in February 2010 by a group of 21 banks, clearing houses and associated payment service providers, the IPFA has as its prime purpose the provision of business rules, standards and operating procedures to improve non-urgent cross-border credit transfers. This new association is creating a contractual framework, based on the ISO 20022 message standard, which will bind the members to those operating rules.

Louis Blatt, chief product officer at ACI Worldwide, said: “As a leading global vendor of payment systems, ACI fully supports this initiative to simplify the processing of international credit transfers by leveraging existing payment networks and the ISO 20022 standard. We look forward to helping shape this new organization and develop its rules, and then working with our customers to implement any resultant standards.”

Arthur Cousins CEO of the IPFA, said "We are delighted to welcome ACI Worldwide into the Association. ACI shares our aim of improving cross-border payments, and its experience, focus and product set will greatly assist banking clients with regard to the IPFA operational and technical requirements in order to be operational.”

For more information about ACI’s payments solutions please visit www.aciworldwide.com.

For more information contact:
Catherine Eyres
ACI Worldwide
+44 1923 812741
Catherine.Eyres@aciworldwide.com

Investor contacts

John Kraft, Head of Strategy & Finance
Email: john.kraft@aciworldwide.com

Global headquarters:
ACI Worldwide
6060 Coverntry Drive
Elkhorn, NE 68022