ACI Worldwide Named Official Service Provider for Pan-European Instant Credit Transfer Scheme by EBA
Clearing
ACI’s UP Immediate Payments solution provides single point of access to all Immediate Payments schemes
globally
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, has been named by EBA Clearing as one of the ‘frontrunner
service providers’ for the pan-European EBA SEPA Instant Credit Transfer Scheme, due to go live in November 2017. The scheme will
enable consumers and businesses to make euro credit transfers in real-time between accounts across an international area that will
eventually span over 34 European countries. The first pilot banks are expected to start testing as early as Q1 2017.
ACI Worldwide will support and provide assistance to a number of banks joining the scheme. ACI’s UP Immediate Payments solution
provides a single point of access and liquidity control to all Immediate Payments (IP) schemes globally. Available via a SaaS
delivery model or on-premise, the solution is fully designed to provide connectivity to the pan-European EBA SEPA Instant Credit
Transfer Scheme (SCT Inst).
Barry Kislingbury, Director Solution Consulting, Immediate Payments, ACI Worldwide comments:
“We are delighted to have been named as one of the ‘frontrunner service providers’ by EBA Clearing for the new European instant
payments scheme. ACI’s Immediate Payments experience is unrivalled—we have assisted financial institutions in the UK, Singapore and
Australia to connect and integrate payments systems into their domestic schemes.
“ACI’s UP Immediate Payments offers a proven solution for financial institutions that need connectivity to one or multiple
IP schemes. We not only provide our customers with a technical gateway, but also full real-time payment processing and liquidity
functionality, guidance on compliance, fraud, scheme rules, testing and certification, as well as support throughout the complex
on-boarding process.”
ACI has an unmatched global customer base of financial institutions, payment service providers, fintechs and schemes using its
UP Immediate Payments solution. In the UK, ACI’s solution has been used by financial institutions to access the UK Faster Payments
scheme since its launch in 2008. Currently 9 out of the 14 direct participants of the UK’s Faster Payments Scheme use ACI’s
solutions. The central infrastructure of FPSL, widely considered a global model for the industry, also utilises ACI’s UP Immediate
Payments solution.
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
and SaaS-based solutions, we deliver 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. 2016.
ACI, ACI Worldwide, ACI Payment Systems, the ACI logo 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.
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.
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
or
Katrin Boettger, 0044 (0) 7776 147 910
katrin.boettger@aciworldwide.com
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