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ACI Worldwide to Connect U.S. Banks to Real-Time Payments Scheme

ACI will offer its UP Immediate Payments solution via a hosted cloud, allowing banks of all sizes to efficiently access TCH and Zelle networks

Monday, April 24, 2017

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NAPLES, FLA.—April 24, 2017—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.

ACI will showcase its UP Immediate Payments solution at NACHA PAYMENTS 2017 (booth #411), April 23-26 in Austin, Texas.

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. 2017. 
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.

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