Tuesday, August 10, 2010
(New York, N.Y. –10 August 2010) – ACI Worldwide (NASDAQ: ACIW), a leading international provider of electronic payments software and solutions, today announced that ACI Money Transfer System™ has achieved the SWIFTReady accreditation for payments for the thirteenth consecutive year, and ACI Open Account Manager™ has achieved the SWIFTReady Trade Services Utility (TSU) accreditation for 2010, the third year in a row since the inception of the program.
The SWIFTReady accreditation for payments recognizes that Money Transfer System satisfies SWIFT’s highest requirements for the initiation, generation, processing and settlement of payments, and demonstrates ACI’s commitment to SWIFT’s standards, products and services. The SWIFTReady TSU label is granted to trade applications that work in a banking back-office context. The label is awarded after a successful technical and functional validation by SWIFT.
“We are extremely proud to receive SWIFT accreditation again this year. It emphasizes our ongoing commitment to being a leader in SWIFT processing,” said Louis Blatt, chief product officer at ACI Worldwide. “The payments landscape has recently seen major economic changes forced upon it. As SWIFT continues to introduce operational changes in response, our clients can be confident that ACI’s products address their business and regulatory needs now and into the future.”
“SWIFT continues to develop its offering to help the banking community meet the changing payment requirements faced by financial institutions around the world. The accreditation process for vendors is an important element of that, to ensure organizations can have the confidence they are working with solutions that are completely SWIFTReady,” said Patrik Neutjens, head of Partner Management at SWIFT. “Since the inception of the SWIFTReady program, ACI Worldwide has consistently demonstrated its ongoing commitment to satisfying the standards we set forth on behalf of the entire community.”
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, supplies standards and secure messaging services to financial entities. Candidates for the SWIFTReady accreditation are evaluated on an annual basis to determine their ability to meet a wide range of SWIFT-specific criteria.
Money Transfer System is a multibank and multicurrency global payments processing and risk management system that provides continuous processing capabilities. With interfaces directly to SWIFTNet services, as well as multiple real time gross settlement (RTGS) and low value networks across the globe – the system is a single, integrated solution for domestic and international payments processing, which also fully supports processing for transactions under the SEPA Credit Transfer and Direct Debit schemes.
Open Account Manager is a comprehensive trade solution that offers open account services, including online purchase order (PO) issuance, invoice matching, and automatic generation of invoices and packing lists. It enables financial institutions to align with both their customers and the strategic partners of their customers, to integrate services across the trade value chain. This integration creates more symbiotic relationships and increases business opportunities with all aspects of the open account trade process. Open Account Manager is designed and built from the ground up on the TSU standards, and is fully compliant with TSU Release 2.
For more information on ACI Money Transfer System please visit www.aciworldwide.com/moneytransfersystem. For more information on ACI Open Account Manager please visit www.aciworldwide.com/openaccountmanager.
For more information contact:
+44 (0) 1923 812741
Notes to editors
About ACI Worldwide, Inc.
ACI Worldwide is a leading provider of software and services solutions to initiate, manage, secure and operate electronic payments for financial institutions, retailers and processors around the world. ACI offers a vision for the future of an integrated solution that can meet all their payment needs – from a single service to a complete toolset. ACI products deliver payment processing, online banking, fraud prevention and detection, and back-office services, providing agility, reliability, manageability and scale to customers around the world. Visit ACI Worldwide at www.aciworldwide.com.