NAPLES, Fla.--(BUSINESS WIRE)--Oct. 18, 2018--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, along with BMO Financial
Group (BMO), announced today that BMO has rolled out ACI’s world-class payments
hub within their business in just nine months, integrating a number
of BMO’s core payment systems and driving efficiencies for customers.
A thought leader in driving innovation and improved banking experiences,
BMO is involved in the modernization of national payment ecosystems in
Canada and the United States. A modernized infrastructure will be
critical in supporting the rapidly changing expectations of customers in
Canada, the U.S. and around the world—providing access to faster and
simpler payment options, the ability to leverage richer data and
analytics, and allowing for new payment capabilities without
compromising security.
“The launch of our payment hub is a cornerstone of our payment
modernization strategy and a very exciting step forward for BMO and our
clients,” said Sharon Haward-Laird, Head, North American Treasury &
Payment Solutions, BMO Financial Group. “Our speed-to-market
differentiates BMO and has been a significant win that has positioned us
well to adapt quickly to shifting demands and enable the new payment
rails we are working toward in the coming months. It’s all about
delivering faster and more efficient payment experiences for clients and
with the hub, we’re well positioned to do that.”
ACI’s UP Real-Time
Payments solution is the only global solution that allows financial
institutions to address their RTGS (Real-time Gross Settlement), SWIFT
messaging, ACH and real-time payments needs with a single, universal
offering. ACI enables faster time to market, better management of cash
flow, improved secure payments and fraud detection capabilities,
simplified connectivity to new payments types, and transparency for
customers in tracking their payments.
“Leading financial institutions have relied on ACI for more than 30
years and by utilizing ACI’s world-class payments hub, BMO will be well
positioned to offer new capabilities as payments evolve based on
customer needs,” said Mandy Killam, Group President, ACI Worldwide. “As
modern digital innovations are being introduced, ACI is at the center of
facilitating this transition to open, real-time, digital banking.”
ACI will be showcasing real-time payments and open banking at Sibos,
October 22-25, in Sydney. For more information, visit ACI
at Sibos. ACI will also be at Money20/20, October 21-24, in Las
Vegas and at AFP, November 4-7, in Chicago. For more information on
these events, please click here.
About BMO Financial Group
Serving customers for 200 years
and counting, BMO is a highly diversified financial services provider -
the 8th largest bank, by assets, in North America. With total assets
of $765 billion of July 31, 2018, and a team of diverse and highly
engaged employees, BMO provides a broad range of personal and commercial
banking, wealth management and investment banking products and services
to more than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, BMO Wealth Management
and BMO Capital Markets.
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 solutions delivered on customers’ premises or through
ACI’s private
cloud, we provide 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. 2018.
ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo,
ReD, PAY.ON and all ACI product names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the
United States, other countries or both. Other parties’ trademarks
referenced are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181018005030/en/
Source: ACI Worldwide
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
or
BMO
Financial Group
Matthew Duffin, 416-867-3996
matthew.duffin@bmo.com
