Hungary’s OTP Bank Group Builds Foundation for Future Growth with ACI Worldwide
Leading Hungarian bank will utilize full range of ACI’s UP portfolio of solutions to drive its digital transformation strategy
Capitalizing on the opportunities that PSD2 and real-time present is at the heart of OTP’s open banking strategy
As a long-standing ACI customer,
“With the EU’s new PSD2 mandate, more Eastern and Central European
countries are embarking on real-time and immediate payments
initiatives,” said
“Providing the best possible customer experience has been the focus of
our bank since its inception. Consumers increasingly want new and
innovative banking services. The advent of PSD2 and the launch of more
real-time schemes will offer our customers more options as well as
greater control and flexibility,” said
Key facts and benefits of the newly added ACI UP solutions:
- UP Immediate Payments offers a complete range of capabilities for processing real-time payments; the solution provides connectivity, processing, origination, clearing and fraud detection across multiple real-time schemes, all on a single platform.
-
OTP will be using UP Immediate Payments for both the new domestic
scheme in
Hungary , which is mandatory and launches in 2018, as well as the pan-European schemes, including SEPA Instant Credit Transfer (SCTinst) and TARGET Instant Payment Settlement (TIPS). - ACI’s API manager capabilities are designed to support customers in developing a strategic approach to the emerging open banking payments ecosystem, and to provide the tools to meet established and emerging regulatory requirements including PSD2 and GDPR.
- Key features of ACI’s API manager capabilities include: connection to any front-end gateway, connection to any back-end system that a bank runs, providing a middleware API layer to help orchestrate the message flows and business logic.
Universal Payments (UP) is at the core of ACI’s strategy to provide the broadest, most integrated suite of electronic payments solutions in the market. UP is ACI’s vision of enabling real-time, any-to-any electronic payments for financial institutions, intermediaries, merchants and billers. ACI’s UP portfolio of solutions is underpinned by a unique technology framework with flexible, open payment services that enable organizations to innovate quickly, reduce risk and gain choice, flexibility and control over their payment strategies.
ACI is showcasing its expertise in immediate payments, online banking,
bill pay and payments fraud management at PAYMENTS 2018,
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180410005147/en/
Source:
ACI Worldwide
Katrin Boettger, 0044 (0)7776 147 910
katrin.boettger@aciworldwide.com
or
Dan
Ring, 781-370-3600
dan.ring@aciworldwide.com
