ACI’s UP Real-Time Payments solution is the only global solution that allows financial institutions to address their RTGS (Real-time Gross Settlement), SWIFT messaging, ACH and real-time faster payments needs with a single, universal offering. ACI enables faster time to market, better management of cash flow, improved secure payments and fraud detection capabilities, simplified connectivity to new payments types, and transparency for customers in tracking their payments.

“Creating an effortless client experience is what drives BMO’s focus on innovation. The UP Real-Time Payments solution enables foundational payments hub capabilities that will allow us to provide our customers with a broad range of payment options, including new functionality, while also increasing digitization,” said Sharon Haward-Laird, Head, North American Treasury & Payment Solutions, BMO Financial Group.

“ACI provides a real-time payments hub that creates a unified experience across channels and the flexibility to address global market payment needs, today and into the future,” said Craig Saks, Chief Operating Officer, ACI Worldwide. “We are uniquely qualified to provide this type of real-time payment technology and we’re excited to be providing our solution to BMO.”

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider and the 8th largest bank, by assets, in North America. With total assets of $710 billion as of October 31, 2017, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers.