ACI invests in Mindgate to drive real-time payments growth
The paytech is India’s market leader in processing UPI transactions.
ACI Worldwide
Rise up women – you can do it, you really can!
Be bolder, take risks, network, and challenge unconscious bias!
ALTO taps ACI for Indonesian alternative payments growth
ACI will provide its UP Retail Payments solution.
ACI to acquire Speedpay for $750m from Western Union
Deal will bring Speedpay and UP Bill Payment platforms together.
ACI buys paytech assets from RevChip and TranSend
Acquisitions to enhance its in-store payment solutions.
Top fintech stories this week – 1 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
ACI Worldwide to power Hungarian real-time payments
For a total of 17 banks so far.
Malaysia gets real-time payments with ACI Worldwide
Under the DuitNow platform.
ACI Worldwide plugs National Bank of Kuwait into Swift’s gpi
First bank in the country signing up to gpi.
BioCatch brings behavioural biometrics to ACI Worldwide
Paytech ACI plans to stop fraud for banking customers.
ABN Amro gets payment innovation infrastructure with ACI Worldwide
The bank hopes to achieve cost savings by migrating to a more cost-efficient IT platform.
Utkarsh Small Finance Bank in paytech overhaul with ACI Worldwide
Utkarsh Small Finance Bank is live with the latest version of ACI Worldwide’s UP Retail Payments solution.
BMO in paytech revamp with ACI Worldwide
The real-time payments project was completed in nine months.
Commercial Bank of Ethiopia debuts ACI’s retail payments solution
Aiming to push the cashless economy in the country.
Rabobank upgrades card management with ACI Worldwide
To help the bank improve its declining card business revenue.
Erste Bank Hungary in paytech revamp with ACI Worldwide
Erste Bank Hungary (EBH) implements ACI Worldwide’s UP paytech suite.
Hungary’s OTP Bank picks ACI for open banking plans
Deepens relationship with ACI via API manager and universal payments portfolio.
ACI Worldwide and HyperPay partner to fight fraud in MENA
The two companies will offer integrated, real-time fraud prevention solutions for e-commerce payments for merchants in MENA.
Payments round-up: 22 November 2017
Hot on the heels from Monday’s (20 November) round-up, here are more lively adventures in the paytech space. Featuring Manigo powering up; Volante Technologies and eVision in North Africa; and ACI Worldwide and Payworks getting friendly. Digital money platform Manigo has launched. The firm, which is based in London’s tech hub Level39, says it will […]
Top fintech stories this week – 17 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
ACI powers Malaysia’s real-time payments network plan
Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s real-time retail payments platform (RPP) using ACI Worldwide’s UP Immediate Payments solution. RPP is an initiative to modernise the country’s infrastructure to all participants in the ecosystem, including banks, institutions, businesses, consumers and the government. PayNet resulted from the merger of Bank […]
Westpac NZ in paytech modernisation with ACI Worldwide
Westpac New Zealand has completed “a wide-ranging banking technology transformation” with ACI Worldwide, according to the vendor.
Real-time payments: forging path to the “new normal”
Escalating customer expectations, regulatory requirements and technological developments are fuelling the need for instant payments. Market providers agree that real-time payments will be the “new normal” and, it’s not a matter of if, it’s a matter of when.
Banks look to immediate payments to drive revenue
Immediate payments is a key revenue driver for 66% of banks in markets with IP schemes, according to new benchmark data from processor ACI Worldwide and UK consultancy and Banking Technology’s sister company Ovum. Paybefore, Banking Technology’s sister publication, writes that the benchmark report, “2017 Global Payments Insight Survey: Retail Banking,” also found that although […]
Why getting ready for real-time is a priority for Rabobank
When it comes to payments, the Netherlands, like its Scandinavian neighbours, is certainly one of the most advanced countries in the world. Banks and retailers have been working together for many years in an effort to decrease the amount of cash in circulation, working instead towards a “cleaner” and “safer” cashless environment.
ACI Worldwide powers pan-European instant credit transfer scheme
ACI Worldwide has been named by EBA Clearing as one of the “frontrunner service providers” for the pan-European EBA SEPA Instant Credit Transfer Scheme (SCT Inst), due to go live in November 2017. The scheme will enable consumers and businesses to make euro credit transfers in real-time between accounts across an international area that will […]
ACI powers Faster Payments for Turkish Bank UK
ACI Worldwide has partnered with Turkish Bank UK to power its Faster Payments offering. The UK-based bank will use ACI’s aggregator service to connect to the nation’s Faster Payments Scheme (FPS) – allowing it to process all transfers to and from UK bank accounts “instantly”. It will use the service via ACI’s cloud-based delivery model […]
TransferWise connects to UK Faster Payments Scheme
TransferWise has “successfully” integrated into the UK’s Faster Payments Scheme (FPS) using ACI Worldwide’s tech at the back-end. As Banking Technology reported in August, TransferWise became the “first” tech firm to get direct access to FPS as technical partner to Raphaels Bank. Prior to that, ACI partnered with the same bank, opening up access to […]
Erste Bank Hungary updates retail payments hub with ACI Worldwide
Erste Bank Hungary is implementing ACI Worldwide’s UP Retail Payments solution, upgrading from the older versions of ACI’s solutions. The bank will also deploy ACI Proactive Risk Manager (a fraud management solution) and ACI Interchange (central monetary transaction manager) to calculate interchange fees. Erste and ACI have been working together since 2003. Tamás Foltányi, COO […]
Infographics: real-time payments – the odyssey
Banking Technology, ACI Worldwide and Nets have joined forces to survey the global market about the highs and lows of its current journey towards real-time payments. From individual institutions’ readiness to key market drivers, obstacles and fraud concerns, and everything in between – survey participants from across the globe share their views.
ACI Worldwide integrates Ethoca Alerts for payments gateway
ACI Worldwide will integrate Ethoca’s service, Ethoca Alerts, into its UP eCommerce Payments solution, making it available to payment service providers (PSPs) worldwide. The integration gives PSPs, acquirers, processors and their merchant customers a means to “bolster” their fraud defences with card issuer-confirmed fraud and customer dispute data. Keith Briscoe, chief marketing officer, Ethoca, says […]
ACI Worldwide teams with Raphaels Bank for Faster Payments Scheme access
ACI Worldwide is partnering with UK-based Raphaels Bank, opening up access to the Faster Payments Scheme in the UK for financial institutions (FIs), including challenger banks and payment service providers (PSPs). ACI says its relationship with the bank means FIs and PSPs can use ACI as a “technical aggregator” providing real-time access to Faster Payments […]
UK businesses are frustrated by delayed business payments so where is the broken cog?
Almost half (48%) of SMEs in the UK are frustrated by payments taking too long to reach their bank account, a survey conducted by YouGov on behalf of ACI has found this week. The businesses surveyed also state that these delays are negatively affecting their ability to run their business. A third of the SMEs […]
Banks face new wave of disruption warns report
Following years of mistrust and rivalries, the time has come to reimagine the payments relationships between banks, retailers and fintech firms, according to a joint report from analyst firm Celent and payments systems company ACI Worldwide.
Roundtable: a world of real-time payments
Call it immediate, instant, fast(er) or real-time, the drive to speed up payments is being discussed in almost every country. As part of that discussion Banking Technology and ACI Worldwide brought together international participants from Australia, Europe, the UK and the US review the opportunities and challenges ahead.
UK consumers look for speed
Nearly half of UK consumers say that faster payments are a factor in their choice of back account provider, with 45% saying that the offer of faster electronic payments would encourage them to switch their bank account provider.
Harmonisation of ISO 20022 is crucial – but who should be in charge?
It seems not a day goes by without seeing those three little letters and five numbers – ISO 20022 – appearing in headlines or articles. But hang on a minute, what’s all the commotion about? It’s just another message format that I need to make sure my systems can handle, right?
The Irresistible Rise of Real-Time Payments
Whatever label you use, instant, immediate, faster or real-time payments have moved to the top of the agenda at every payments-related event so far this year and are sure to be high on the agenda when Swift’s annual Sibos event lands in Singapore in October. Nearing the halfway mark for 2015, here’s a roundup of the stories so far …
Efforts to harmonise real-time payments implementation are up against the clock
The window of opportunity to harmonise international real-time payments implementations is rapidly closing as plans for domestic systems move ahead according to panellists at the EBAday conference this week.
New payment systems regulator will open up payments systems to non-traditional players
Last week saw the launch of the Payment Systems Regulator, the first time the UK gets a regulatory body overseeing the £75 trillion a year payments systems. Its brief is clear: to open up the UK payments infrastructure, which is currently controlled by the high street banks, make it more accessible to challenger banks and fairer for consumers. The regulator has been given strong powers by the government and has already made it clear it will fine the banks if they do not step up to the mark.
