New functionality in ACI’s UP Immediate Payments solution addresses global demand for real-time and digital payments during and beyond COVID-19 pandemic
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced the launch of a series of new capabilities in its UP Immediate Payments solution. To address the increased demand for new real-time and digital payments during and beyond the pandemic, UP Immediate Payments now offers extended API capabilities for simple integration into any digital channel—including internet banking, mobile banking, mobile wallets, eCommerce portals, bill pay apps and social media payments.
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These capabilities bring the benefits of real-time payments to additional digital channels for consumers, merchants and billers. Leveraging recent product investments to support India’s Unified Payments Interface (UPI), the highest volume real-time scheme globally, the new capabilities are now available to support customers and schemes around the world.
UP Immediate Payments is a configurable pre-packaged, end-to-end solution offering a complete range of capabilities for processing real-time payments, including origination, processing, orchestration, clearing and settlement, fraud detection and connectivity—all on a single platform. The solution enables financial institutions and payment service providers to complement their existing infrastructure, lower costs and maximize investment value.
“Real-time payments are set to experience explosive growth worldwide, with the global pandemic highlighting the need for new and innovative digital payment options more than ever before,” said Craig Ramsey, general manager and head of real-time payments, ACI Worldwide. “The new capabilities within our UP Immediate Payments solution will enable financial institutions to be real-time ready, while at the same time create new value-added services for consumers and financial institutions.