Helping to shape immediate payments schemes around the world
ACI has implemented UP Immediate Payments to meet the unique requirements of different country schemes including UK Faster Payments, The Clearing House real-time payment system, Zelle Network, Singapore FAST and the New Payments Platform in Australia. We are helping to define and drive the initiatives in the United States and Europe.
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UNITED STATES FASTER PAYMENTS
Access The Clearing House (TCH) and Zelle Network with ACI’s UP Immediate Payments Solution. ACI offers rich functionality and deep experience from serving on the US Federal Reserve’s Faster Payments task force and Secure Payments task force. ACI is helping The Clearing House to design and build an access capability that can be managed directly by participants or alternatively utilized through a fully managed cloud-based service, providing a range of functionality from basic connectivity to stand-in processing, risk management and fraud prevention.
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Fast and Secure Transfers (FAST), formerly referred to as Giro 3 “G3” payments, is Singapore’s response to the demand for faster payments between parties and serves both businesses and consumers. ACI supports Singapore FAST with a solution based on UP Immediate Payments that is live in Singapore today.
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AUSTRALIA NEW PAYMENTS PLATFORM
We are building upon the existing, proven capabilities for our real-time solutions in other markets to offer Australian organizations a solution that easily and quickly enables New Payments Platform (NPP) processing.
The extensible solution speeds the availability of new overlay services.
Standards working groups
ACI is a part of standards working groups such as the ISO20022 Real Time Payments group, Euro Banking Association (EBA) Instant Payments Forum and European Payments Council Scheme Technical Forum (ESTF), as well as payments and security task forces for the US Federal Reserve faster payment initiative. ACI chairs the International Payments Framework Association (IPFA) Rules Committee.
One of the first organizations to sign a letter of commitment with the UK FPSL to deliver aggregator solutions (full service, multi-tenant and single-tenant).
Experience with payments processing across the globe including real-time fraud, sanctions and AML controls.
Member of the Banking Industry Architecture Network.