ACI Worldwide (NASDAQ:ACIW)
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1 Year : From Jan 2019 to Jan 2020
Modernization of BMO’s globally recognized payments architecture
drives new products to market quickly and effectively
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, announced today that BMO
Financial Group is leveraging its globally-recognized BMO Payment Hub
powered by ACI’s Universal Payments (UP) Real-Time Payments solution to
accelerate new products to market, such as Zelle’s business-to-consumer
“Our focus is to create services that better support our customers and
make payments faster and easier,” said Sharon Haward-Laird, Head, North
American Treasury & Payment Solutions, BMO Financial Group.
ACI’s UP Real-Time
Payments solution provides BMO with connectivity to real-time
payment networks from a single hub, which allows the bank to deliver
faster and more efficient payment experiences for customers. In
addition, BMO has also deployed Zelle, which allows businesses to
capitalize on real-time B2C payments using a consumer’s email address or
U.S. mobile phone number.
The implementation of BMO’s Payment Hub, powered by ACI’s UP Real-Time
Payments solution, earned the bank a 2019
Celent Model Bank Award for Payment Services Hub Implementation.
“Changing customer demands creates the need for banks to become ever
more digital, which is driving the imperative to modernize their payment
systems,” said Gareth Lodge, senior analyst, Celent. “BMO has chosen to
embrace this need for change and established an architecture and a
backend operation to support the move for greater agility, speed and
flexibility. This project is a key component of this, to position them
for future success.”
“BMO transcends innovation and its recent Celent award win is very well
deserved,” said Craig Ramsey, Head of Real-Time Payments, ACI Worldwide.
“BMO embarked on a transformational project that has already proven to
be fruitful. And, adding Zelle faster payments is only the beginning.
With ACI’s UP Real-Time Payments solution, BMO has the freedom to
rapidly make strategic or tactical moves, and realize new market
opportunities essential to their success.”
ACI is an official technology partner of the Zelle network, a leading
payments network that has processed hundreds of millions of
transactions. 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 faster payments needs (including Zelle and The
Clearing House RTP) 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
ACI will showcase its real-time payments and payments intelligence
offerings at The Payments Canada 2019 Summit, May 14-16 in Toronto.
at The Payments Canada Summit 2019.
About ACI WorldwideACI 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
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. 2019ACI, 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
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