Mastercard & ACI Worldwide Announce First Real-Time Payments Infrastructure Collaboration with Cámara de Compensación Elect...
February 22 2021 - 7:55AM
Business Wire
- Modernizing Peru’s real-time payments infrastructure is
Mastercard and ACI’s first partnership project since the
announcement of their alliance to develop real-time payment
solutions around the world
- Mastercard’s Instant Payment Service will allow for the
processing of 24/7 real-time payments using the ISO 20022 standard
as a managed service, enabling banks to develop new use cases for
customers
- ACI is helping financial institutions in Peru manage the
transition to the new ISO 20022 standard by offering an adaptor
solution based on the ACI Enterprise Payments Platform
Mastercard and ACI Worldwide (NASDAQ: ACIW), a leading global
provider of real-time digital payment software and solutions, today
announced that Cámara de Compensación Electrónica (CCE) will
utilize the ACI Enterprise Payments Platform to accelerate
financial institutions’ access to Mastercard’s Instant Payment
Service, the new real-time payments managed service that will enter
Industry Testing in Peru later this year.
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CCE is the first customer Mastercard and ACI will collaborate on
following the announcement of their alliance in September 2020.
Mastercard and ACI are working together to offer best-in-class
central infrastructure, payments localization and access solutions
to central banks, scheme operators, financial institutions, payment
service providers, and other organizations launching real-time
payments initiatives.
CCE is a private institution that manages the clearing of
financial institutions’ transfers, direct debits, credit
installments, checks and bills of exchange. It initially launched
its real-time payments scheme—Immediate Interbank Transfers
(IIT)—in 2016 and is working with Mastercard to fully modernize
Peru’s digital payments infrastructure. Today’s announcement means
that ACI will combine its payments access and real-time message
transformation technology with Mastercard’s Immediate Payments
Service, the central infrastructure being deployed as a managed
service using the ISO 20022 message standard to deliver an
unmatched end-to-end offering for CCE. CCE’s IIT service operates
24/7; its transfers can be performed using internet or mobile
banking and are processed in real time.
The ACI Enterprise Payments Platform will operate alongside
Mastercard’s Immediate Payments Service to simplify and speed up
connectivity for participants to Peru’s new real-time ISO 20022
scheme, ahead of Industry Testing, which will begin later this
year. Financial institutions will be able to connect to the new
scheme via new, modern APIs.
“The volume of immediate transfers that we process each month
has more than quadrupled. In January 2020, we processed 580,000, a
number that increased to more than 2.8 million per month by January
2021,” said Martín Santa María, CEO, Cámara de
Compensación Electrónica (CCE). “Thanks to the Mastercard and
ACI Worldwide partnership, we can exceed this growth, as both
consumer and business demand for real-time payments rapidly
increases across the country.”
“Modernizing a country’s payments infrastructure is a major
undertaking and we have a long, global track record of successfully
deploying real-time payment systems,” said Carlos Pontes,
executive vice president, New Payment Platforms, LAC,
Mastercard. “We are excited to continue our work with CCE
together with ACI to develop a powerful and flexible real-time
payments solution. This infrastructure will provide a platform for
innovation to support the country’s economy, transforming the
payments landscape for both financial institutions and their
customers.”
“Latin America is at the forefront of payments modernization,
with Peru among several countries in the region planning to adopt
real-time payments based on ISO 20022, with its potential
high-value-add use cases. As these countries look to launch their
own real-time payments schemes, they are turning to ACI and
Mastercard, and we are excited to deliver Peru’s new real-time
central infrastructure,” said Jeremy Wilmot, chief product
officer, ACI Worldwide. “The combination of ACI and Mastercard
technologies working together will accelerate adoption of real-time
payments in Peru by supporting an easy onboarding path for the
participants of the scheme.”
Mastercard’s multi-rail proposition enables people and
organizations to send and receive money how, where and when they
choose, across both card and account-to-account payments rails.
Mastercard’s experience in real-time payments implementations
includes the launch of The Clearing House’s RTP®—the transformative
real-time payments system in the US—which was an evolution of
Mastercard’s highly successful and reliable systems developed for
Faster Payments in the UK, FAST in Singapore and PromptPay in
Thailand. Mastercard is now providing real-time payments
infrastructure for 12 of the top 50 GDP countries.
ACI currently supports 18 real-time domestic schemes around the
world, including Zelle and The Clearing House in the US.
Approximately 50 percent of the UK’s Faster Payments and 75 percent
of Hungary’s GIRO transactions are processed through the ACI Low
Value Real-Time Payments solution.
About Mastercard (NYSE: MA) www.mastercard.com Mastercard
is a global technology company in the payments industry. Our
mission is to connect and power an inclusive, digital economy that
benefits everyone, everywhere by making transactions safe, simple,
smart and accessible. Using secure data and networks, partnerships
and passion, our innovations and solutions help individuals,
financial institutions, governments, and businesses realize their
greatest potential. Our decency quotient, or DQ, drives our culture
and everything we do inside and outside of our company. With
connections across more than 210 countries and territories, we are
building a sustainable world that unlocks priceless possibilities
for all.
About ACI Worldwide (NASDAQ: ACIW)
www.aciworldwide.com ACI Worldwide is a global software
company that provides mission-critical real-time payment solutions
to corporations. Customers use our proven, scalable and secure
solutions to process and manage digital payments, enable
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with local
presence to drive the real-time digital transformation of payments
and commerce.
About CCE www.transferenciasinterbancarias.pe Cámara de
Compensación Electrónica S.A. is a private company that is owned by
the banks and dates back to 2000. It is regulated and supervised by
the Central Bank of Peru, and operates core payments system
infrastructure in Peru. It is currently working to modernize its
infrastructure by launching a new real-time payment system.
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Mastercard James Thorpe James.thorpe@mastercard.com +4420 7557
5430
ACI Worldwide Dan Ring dan.ring@aciworldwide.com
781-370-3600
CCE Christine Mur cmur@cce.com.pe
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