- Solutions
- Banking
- Enterprise Payments PlatformRapidly respond to shifting trends, regulatory requirements and new competition with a flexibly deployed payments platform.
- AcquiringDigital acceptance, merchant management
- IssuingDigital payments and accounts issuing
- Fraud ManagementReal-time enterprise fraud management
- ATMsSelf-service, omnichannel digital experience
- High Value Real-Time PaymentsMulti-bank, multi-currency processing
- Low Value Real-Time PaymentsComplete real-time payments processing
- Digital Central InfrastructureCutting edge real-time payment infrastructures
- Merchant Payments
- ACI Payments Orchestration PlatformEnable customer journeys across commerce channels, accept payments, prevent fraud and optimize your payments journey
- In-StoreDynamic, modern in-store payments
- eCommerceOnline and mobile payments
- Alternative Payment MethodsGive more ways to pay
- Value-Added ServicesEngagement, optimization and reporting
- Fraud ManagementEnd-to-end fraud orchestration
- Risk, Security and ComplianceAchieve and maintain compliance
- Industries We Serve
- Billing and Bill Payments
- ACI SpeedpayDrive customer satisfaction with the widest range of bill pay options in the industry.
- Bill Payment APIs and SDKsOutsource bill payment processing
- Digital DisbursementsSimple, satisfying payment options
- Alternative Payment MethodsGive more ways to pay
- Loan ServicingPreferred loan payment options
- Treasury ManagementStreamline and integrate your back office
- Automated Debt CollectionImprove your collections process
- Digital WalletsManage digital cards and payments
- PCI Compliance and SecurityAchieve and maintain PCI compliance
- Industries We Serve
- Fraud Management and Payments Intelligence
- Fraud ManagementFraud solutions to minimize risk and prevent fraud
- Fraud Management for BankingEnterprise-wide fraud prevention
- Anti-Money LaunderingStay ahead of money-laundering schemes
- Robotic Process AutomationAutomate payment processing operations
- Fraud Management in the CloudProtect your business from the cloud
- Fraud Management for MerchantsProtect payments from end to end
- ChargebacksPrevent chargebacks before they happen
- SCA ComplianceAchieve and maintain SCA compliance
- Digital Identity SolutionsConfirm identities with behavioral analytics
CompanyCustomers
Home
Industry Associations
ACI and Afinis
ACI and Afinis (formerly known as IFX)
Implementing standardized APIs is increasingly important for financial services firms as they strive to provide superior digital experiences and tailored customer offerings faster and more efficiently. Next-generation merchants, including global players such as Uber and Airbnb, have built their success on openly accessible APIs and technologies that are constantly evolving to meet market needs. Because they have built their products and services on openness, they also expect an open technical setup from their payment providers. This puts pressure on payment providers to deliver state-of-the-art payment technology.
ACI has been a longer time supporter of Afinis to develop API standards and non-functional requirements (NFRs) that enhance scalability, reliability and security. With global demands for 24x7x365 banking access, robust NFR’s ensure zero downtime for systems, allowing customers the world over to conduct transactions and meet their banking needs.
What is Afinis?
Afinis is a global non-profit association that helps develop standards for financial data exchange. It has been working to develop a standardized way for credit unions and other financial institutions to provide more open access to their data instead of relying on proprietary APIs from financial institutions and vendors.
In April 2018, NACHA and Afinis announced a merger in order to accelerate and strengthen the development of standardized Application Programming Interfaces (APIs) in support of the diverse global financial services industry. The merger agreement allows NACHA and Afinis to align the API development priorities of NACHA’s API Standardization Industry Group (ASIG) and the Afinis Open Banking APIs Working Group. The new group named ‘Afinis’, will now operate as an independent group within and supported by NACHA, with its own governing board.
Most recently, Afinis has been working to develop a standardized way to for credit unions and other financial institutions to provide more open access to their data instead of relying on proprietary APIs from financial institutions and vendors. Also, in January of this year, NACHA announced a collaboration with Accenture to create and launch a microsite and developer portal to support API standardization across the payments world. In addition, it will provide the financial services industry with several API resources, such as developer tools, training materials, blogs about products, articles and samples of code.
