ACI Worldwide Accelerates Real-Time Payments Modernization with New Digital Overlay Services
July 16 2020 - 2:00AM
Business Wire
New services help banks realize the benefits of
real-time payments investment through enhanced digital experiences
for consumers, merchants and corporates
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
it is accelerating real-time payments modernization for its
customers globally through new digital overlay services. ACI,
through collaboration with Mindgate Solutions, now delivers
value-added digital overlay services through its UP Real-Time
Payments solution, enhancing customer experience while
strengthening real-time payments offerings.
The new services enable banks and financial intermediaries to
add a range of real-time digital overlay services to support a
high-volume, data-rich digital payments ecosystem for consumer,
corporate and merchant customers. Digital overlay services deliver
white-label mobile apps and web portals, plug-ins, APIs and SDKs
for digital and social media channels on top of real-time payments
infrastructure, which help banks and financial intermediaries to
keep pace with evolving customer demands.
Additional benefits provided to
organizations:
- Seamless end-to-end solution for contactless and secure QR code
payments, including merchant-initiated payments using dynamic QR
codes
- Integrated end-to-end bill payment solution for banks and
financial institutions globally with self-service portals and
onboarding processes
- Simplified integration for merchant mobile applications,
including support for Request to Pay (RtP)
- Flexible person-to-person (P2P) payment services based on
proxy/alias (i.e., phone number or email) for added security
“The global real-time payments landscape continues to evolve
rapidly, with enhanced customer experience sitting at the heart of
this transformation, aided by regulatory mandates and new
technologies. Today’s consumers increasingly expect a seamless
payment experience across multiple channels — whether it’s through
social media, physical point-of-sale or eCommerce,” said Craig
Ramsey, head of real-time payments, ACI Worldwide. “Together with
our strategic partner Mindgate, we are ensuring that banks and
their customers are real-time ready.”
“ACI is a real-time payments pioneer, with a successful track
record of working with leading financial institutions around the
world,” said George Sam, co-founder, Mindgate Solutions. “We’re
excited to extend our collaboration with ACI to bring
market-proven, pre-integrated, innovative digital overlay services
to ACI’s growing customer base around the world, helping drive
digital payments adoption.”
“The COVID-19 pandemic and resulting economic impacts will
likely lead to long-term behavioral changes, and businesses need to
adapt their strategies accordingly,” continued Ramsey. “We recently
surveyed global payments experts, 36 percent of whom had seen an
increase in digital transaction volumes over the last few months,
and almost half (47%) had seen a shift of transactions across
digital channels. This reinforces the rising interest in real-time
payments and digital overlay services across the globe — a trend we
expect to continue.”
Digital overlay services are expected to be a particular area of
focus in those markets that experience high real-time payments
growth, as highlighted in ACI and GlobalData’s new Prime Time for
Real-Time report.
About ACI Worldwide
ACI Worldwide powers electronic payments for more than 6,000
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. 2020
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and
all ACI product/solution names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in
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Product roadmaps are for informational purposes only and may not
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release and timing of future product releases remains at ACI’s sole
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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/20200715005025/en/
Media Contacts Christopher Taine
christopher.taine@aciworldwide.com +49 (0) 89 45230 128 Dan Ring
dan.ring@aciworldwide.com +1 (781) 370-3600
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