ACI Worldwide to power Hungarian real-time payments
IT services company T-Systems and Hungarian processor Takarékinfo have selected ACI Worldwide’s UP portfolio of solutions to enable 17 Hungarian banks to offer real-time payments services as part of their digital transformation projects.
The Hungarian payments processor is preparing for real-time, big time
ACI’s UP Immediate Payments solution connects the 17 banks to the country’s domestic real-time payments scheme, set to launch in June 2019.
The ability to provide customers’ balances in real-time is a “crucial” compliance requirement of the nation’s real-time payments scheme.
The solution offers a range of capabilities, including origination, processing, clearing and settlement, fraud detection and connectivity.
“The launch of a real-time scheme in Hungary means banks will be able to offer their customers new and innovative services; we are proud to support Hungary’s financial institutions with their digital transformation projects,” says Zoltan Kozma, CIO, Takarékinfo.
In the UK, the solution has been used by financial institutions to access the UK Faster Payments scheme since its launch in 2008. Currently more than 50% of the scheme’s payments are being processed by ACI solutions.
Additionally, ACI has customers using UP Immediate Payments to access Singapore FAST, the Australian NPP (New Payments Platform) and Malaysia’s Real-time Retail Payments Platform (RPP).
ACI is also implementing The Clearing House RTP system and Zelle for customers in the US and serves on the ISO 20022 Real-Time Payments Group and the EPC Instant Payments Technology Group.
