ACI receives top honors for its use of IT in retail banking at it drives business benefits for financial services providers
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has been recognized at the annual FStech Awards in the category ‘Best Use of IT in Retail Banking & Insurance.’ The awards celebrate technology excellence and innovation within the financial services sector.
A panel of independent judges recognized ACI’s ability to drive innovative development on existing infrastructure, evidenced by the successful launch of BMO Financial Group’s Payment Hub and the implementation of Malaysia’s Real-Time Retail Payments Platform (RPP). ACI’s UP Real-Time Payments solution was highlighted for its extensive capabilities, serving a wide range of real-time payments requirements and delivering an integrated portfolio of value-added services for the retail banking sector.
“We are honored to be recognized with this award, which reflects our commitment to supporting our customers as they transform and modernize their payment systems, and steady themselves for the disruption that will continue to reshape the financial services industry,” said Craig Ramsey, head of real-time payments, ACI Worldwide. “We continue to strive to meet the needs of multiple real-time payments schemes around the world and to quickly create differentiated products that address consumer, business and merchant demands – with innovation and new end customer overlay services at the core of this approach.”
ACI has an unmatched global customer base of financial institutions and payment service providers using its UP Retail Payments and UP Real-Time Payments solutions. In the UK, financial institutions have used ACI’s real-time capabilities to access the UK Faster Payments scheme since its launch in 2008. Currently, more than 50 percent of the scheme’s payments are being processed by ACI solutions. ACI Worldwide currently supports real-time payments around the world, including live customers in Australia, Singapore, Thailand, Malaysia, Europe and throughout North America. Eight out of the world’s top ten banks currently use ACI’s enterprise-class UP Retail Payments solution, which delivers 24x7x365 secure payment capabilities through its ‘active-active’ configuration.