Westpac New Zealand Overcomes Marketplace Challenges with Leading Retail Payments Platform
ACI Worldwide’s UP Retail Payments solution delivers flexibility, scalability and speed for Westpac New Zealand’s core banking operations
Tuesday, October 24, 2017
Naples, FLA – October 24, 2017 – ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Westpac New Zealand has upgraded core payment processing to UP BASE24-eps on Linux, delivered through ACI’s UP Retail Payments solution. In doing so, Westpac NZ leads the way globally in deploying payments applications on the operating system.
Westpac NZ chose ACI’s market-leading retail payments platform to overcome marketplace challenges and reduce internal technology costs associated with its legacy systems. With the platform, Westpac NZ is now able to make changes at speed, deliver quickly to customers, and rapidly scale up operations.
ACI’s UP Retail Payments solution acquires, authenticates, switches and authorizes financial transactions across multiple channels. Drawing on more than 40 years’ experience in payments software, the platform supports card, ATM and bank branch transactions through to mobile commerce and internet banking. It has been developed to address rapidly changing market needs, such as real-time payment schemes, by bridging current payment systems with ACI’s Universal Payments (UP) solutions.
“To stay competitive in the current marketplace, we had to reduce our total cost of ownership, and redeploy our most important asset – our people – onto projects that give us a competitive edge,” said Dawie Olivier, CIO, Westpac New Zealand. “By implementing the retail payments solution on Linux, we can fully benefit from our shift to DevOps methodology and practices, and have new products ready in days, rather than months. Additionally, moving our people to creating new, innovative solutions has boosted morale and enabled them to work in fast-moving, highly-collaborative teams.”
“ACI is thrilled to announce the go-live of Westpac New Zealand on UP BASE24-eps on Linux. This approach makes Westpac a leader not only in the region, but across the world,” said Phillip Finnegan, General Manager, Pacific, ACI Worldwide. “The close working relationship between Westpac’s and ACI’s engineering teams has resulted in an implementation that improves their business margins, enhances their technology operations, and, most importantly, improves the end user experience.”
Find out more:
- Westpac New Zealand Completes Major Banking Technology Transformation with ACI Worldwide [Press Release] | [Video]
- ACI Worldwide and Westpac New Zealand Deliver Real-Time Payments Through DevOps Transformation [Press Release] | [Video]
- Westpac New Zealand Protects Against Evolving Fraud Threats with ACI Worldwide’s Real-Time Fraud Solution [Press Release] | [Video]
About Westpac New Zealand
Westpac has been serving New Zealanders since 1861 and is today one of the New Zealand’s largest full service banks with more than 1.3 million customers. Westpac NZ provides a full range of retail and commercial financial services including home and business lending, funds management and treasury services. Westpac NZ employs more than 4,000 staff, and is committed to improving the social, environmental and economic wellbeing of all New Zealanders.
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. 2018.
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.
E-mail: [email protected]
Phone: +1 (781) 370-3600
Katrin Boettger (EMEA)
E-mail: [email protected]
Phone: +44 (0) 7776 147910
Christopher Taine (APAC/EMEA)
E-mail: [email protected]
Phone: +49 (0) 89 45230 557