Transforming Payment Environments
UP Retail Payments solution combines the features and functionalities of legacy and next-generation technologies in a coexistence environment. The solution supports financial institutions’ chosen Open API strategies through the Universal Payments Framework’s API manager capabilities. This holistic solution delivers clear business value and benefits for transforming your payments environment while protecting the investments made in existing systems.
ACI has defined a practical path to the future called “Navigating the Five C’s.” It allows financial institutions and intermediaries to maintain business as usual while transforming to an enterprise payment solutions.
With a secure foundation, institutions can move to a real-time and open environment and compete successfully in the New Payments Ecosystem.Read the info sheet Contact Us
The Power of UP Framework
The power of the UP Retail Payments solution lies within the UP Framework, built on an open service-oriented architecture to deliver robust orchestration enabling:
- Easy integration with multiple systems for an enterprise view of customers, accounts and transactions
- Rapid delivery of new payments types including any-to-any payments, mobile banking and payments, etc.
- Extended support for cardless transactions, as well as card-based payments
- Full optimization of regulatory mandates
Closing the Competitive Opportunity Gap
Current payment environments have served financial institutions well in the past. However, adding new channels, regulations and other customizations have resulted in layers of complexity within multiple business and channel silos. This environment creates a slower time to market, higher costs and an inconsistent experience for customers.
The UP Retail Payments solution enables the rapid development of products for financial institutions to successfully compete in the marketplace and provides the ability to drive consistency across all channels to enhance the customer experience.
Solution Benefits for Financial Institutions and Intermediaries
Increase customer loyalty by providing customers with payment choice, control and consistency across all channels.
Drive additional revenue by rapidly delivering high-margin products and services for cross-selling and upselling.