NAPLES, FLA., April 24, 2017 (GLOBE NEWSWIRE) --
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that it will offer its UP
Immediate Payments solution via a hosted cloud, enabling financial institutions and credit unions of all sizes to access real-time payments in the U.S. Multiple institutions seeking the same solution will be able
to share connectivity to The Clearing House (TCH) and Zelle networks, reducing the costs of real-time payment operations and time
to market.
The solution is complemented by a testing service to ensure fast, seamless deployment. It will enable banks to bypass software
maintenance costs, ongoing regulatory requirements and the risk of uncertain volume projections. The testing service will provide
smaller banks an equal opportunity to offer customers innovative offerings related to real-time payments processing.
“As digital banking becomes more prevalent in the U.S., banks must meet customer expectations to remain competitive,” said WA
Proctor, vice president, ACI Worldwide. “The introduction of real-time payments in the U.S. is a prime opportunity to align
services with today’s consumer needs—it is also a critical capability for any financial institution to thrive in the
future.”
ACI will offer cloud-based, pre-testing support to accelerate onboarding. The service will initially meet TCH Real-time Payments
System specifications, utilizing the pre-integrated solution with ACI’s partner VocaLink, to help organizations replicate a live
environment using their back-office test environments before entering a formal test window with TCH.
“A critical function of a new, real-time payments system is its accessibility to financial institutions of all sizes,” said
Steve Ledford, SVP for product and strategy, TCH. “For smaller banks with fewer resources, the ability to rely on support from an
industry leader like ACI for our real-time payments system will provide invaluable time and cost savings.”
ACI’s UP Immediate Payments solution currently supports over 60 percent of the direct
participants in UK Faster Payments, as well as Singapore FAST and Australia’s New Payments Platform. The hosted cloud solution will
also be available to support EBA SEPA Instant Credit Scheme in the EU.
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.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/30cec6d2-39ea-4d50-a352-ce435023a3a6
Andrea Snyder ACI Worldwide 6466754451 andrea.snyder@aciworldwide.com
