ACI Worldwide Launches Universal Confirmations—Empowering Banks to Deliver Full Transparency to Customers
September 23 2019 - 2:00AM
Business Wire
ACI to participate in joint pilot program with
SWIFT one year before new payments confirmations become
mandatory
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
its support of the SWIFT universal confirmations program, which is
due to go live in November 2019.
By the end of 2020, all financial institutions on SWIFT will be
required to confirm payments to the Basic Tracker. ACI, which has
been a SWIFT partner for more than 20 years, is rolling out
universal confirmations for all customers wanting to participate in
the SWIFT pilot program one year before the new rules will become
mandatory.
“For ACI, this is another exciting opportunity to collaborate
with SWIFT, as we expand on our real-time payments offering,
providing real-time information on payments,” commented Craig
Ramsey, head of Real-Time Payments, ACI Worldwide. “We pride
ourselves on being on the cutting edge of key technologies and
industry initiatives and look forward to offering our customers the
ability to take advantage of SWIFT’s program.”
Financial institutions on SWIFT that are not gpi-enabled will be
able to confirm their incoming payments manually using a new Basic
Tracker, as well as through a range of other automated solutions.
SWIFT gpi member banks will continue to be able to access the full
gpi Tracker to confirm payments, as well as benefit from the full
search and tracking features of gpi, along with the suite of
value-added services.
“Without confirmations, the flow of money around the world
becomes more complicated. Businesses depend on knowing that a
payment has arrived and this is an integral part of their supply
chain,” said Fabien Depasse, head of SWIFTgpi customer success.
“Without this step, trade can grind to a halt and goods and
services end up delayed. Confirmations enable banks to provide an
excellent customer experience by offering transparency and
certainty that the funds have reached their destination and are
available to the beneficiary.”
Visit ACI Worldwide at Sibos 2019 in London (booth Q125) and
learn how to accelerate business with real-time payments and open
banking strategies.
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. 2019 ACI, ACI Worldwide, the ACI
logo, ACI Universal Payments, UP, the UP logo and all ACI
product/solution 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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version on businesswire.com: https://www.businesswire.com/news/home/20190922005018/en/
Katrin Boettger E-mail: katrin.boettger@aciworldwide.com Phone:
0044 (0)7776 147 910
Dan Ring E-mail: dan.ring@aciworldwide.com Phone:
781-370-3600
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