ACI Provides Access to All Immediate Payment Schemes Globally
The newly launched version includes a number of key updates for IP processing and connectivity that are already live and in use at multiple financial institutions worldwide, including leading banks in the
The pan-European SCT Inst scheme is due to go live in
The pilot for the TCH scheme in the US is expected to go live later this year. The core technology of the TCH scheme is being built by VocaLink, with which ACI has recently entered into a global partnership. It will offer participants a pre-integrated solution, with VocaLink providing software for TCH and ACI delivering its UP Immediate Payments solution to enable banks easier, faster and cheaper access to the scheme.
"2017 will be an exciting year for immediate payments in
"ACI's UP Immediate Payments offers a proven solution for financial institutions to provide connectivity to IP schemes globally. We not only provide our customers with a technical gateway, but also payment processing functionality, guidance on compliance, fraud, scheme rules, testing and certification, as well as support throughout the complex on-boarding process."
"The new schemes will be the most comprehensive real-time payment systems ever developed. They will not only empower consumers and businesses to send and receive real-time payments from their existing accounts, but will also provide a platform for banks to launch new and innovative services built around a real-time payments hub for today's and tomorrow's digital economy."
Additional New Key Features in UP Immediate Payments include:
- New business operations, including customer service functions, liquidity management and exception handling
- Supports both ISO 20022 and ISO 8583 schemes
- Supports ISO 20022
Real-Time Payments Group and EPC SEPA Inst Rule books - Supports real time and batch payments
- Multi-tenant and multi-IP scheme ready
ACI has an unmatched global customer base of financial institutions and payment service providers using its UP Immediate Payments solution. In the
About
©
ACI,
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.
Media Contacts:
E-mail: katrin.boettger@aciworldwide.com
Phone: 0044 (0)7776 147 910
E-mail: dan.ring@aciworldwide.com
Phone: 781-370-3600
Source:
News Provided by Acquire Media