ACI Worldwide Joins U.S. Faster Payments Council to Drive Real-Time Payments Across the U.S.
November 20 2019 - 8:00AM
Business Wire
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
that it has officially joined the U.S. Faster Payments Council
(FPC), a membership organization that seeks to enable Americans to
safely and securely pay anyone, anywhere, at any time with
near-immediate funds availability. As a member of the council, ACI
supports its aim of facilitating faster payments ubiquity in the
U.S.
A recognized expert in faster payments, ACI has been a global
leader in payments technology for more than 40 years. The company
currently supports 18 real-time domestic schemes around the world,
including Zelle and TCH in the U.S., and will support FedNow as it
moves toward production. ACI provides processing for approximately
50 percent of the UK’s Faster Payments (UKFP), the core processing
infrastructure for Malaysia’s Real-Time Retail Payments Platform
(RPP), and STET’s real-time payments platform for PSPs in Europe.
Additionally, ACI has customers using UP Real-Time Payments to
access Singapore FAST and the Australian NPP (New Payments
Platform). ACI also serves on the ISO 20022 Real-Time Payments
Group and the EPC Instant Payments Technology Group.
“As an independent, solution-agnostic member organization, the
FPC is in a unique position to work with all industry stakeholders
and tackle challenges that may be more difficult to address through
bilateral cooperation alone,” said Kim Ford, executive director,
Faster Payments Council. “We look forward to leveraging ACI’s vast
experience in global payments as we continue to create dialogue and
facilitate action to drive the adoption of faster payments in the
U.S."
“ACI’s commitment to the advancement of Faster Payments in the
U.S. goes beyond our business goals,” said Craig Ramsey, head of
real-time payments, ACI Worldwide. “As consumer demand for speed,
convenience and simplicity with payments increases, the push for
real-time payments will continue to accelerate, and the launch of
multiple real-time payments systems in U.S. is clear evidence of
that. ACI’s goals are aligned with the FPC’s as we look to drive
the successful implementation, adoption and monetization of
real-time payments in the U.S.”
ACI’s UP Real-Time Payments solution can help solve for a
rapidly changing wire-transfer market, and meet the new real-time
standards and schemes. UP Real-Time Payments addresses real-time
payments by offering organizations the ability to serve both
corporate (RTGS) and retail customers’ needs with a single,
universal solution.
About the U.S. Faster Payments Council (FPC) The FPC is
an industry-led membership organization whose mission is to
facilitate a world class payment system where Americans can safely
and securely pay anyone, anywhere, at any time and with
near-immediate funds availability. By design, the FPC encourages a
diverse range of perspectives and is open to all stakeholders in
the U.S. payment system. Guided by principles of fairness,
inclusiveness, flexibility and transparency, the FPC will use
collaborative, problem-solving approaches to resolve the issues
that are inhibiting broad faster payments adoption in this country.
For more information, please visit FasterPaymentsCouncil.org.
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/20191120005090/en/
Dan Ring E-mail: dan.ring@aciworldwide.com Phone: 781-370-3600
Nidhi Alberti Email: nidhi.alberti@aciworldwide.com Phone:
781-370-3600
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