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Real-time payments: forging path to the “new normal”

digital

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.

Mobile wallets reach “tipping point” – ACI Worldwide and Aite report

Mobile wallets reach "tipping point"

This week Apple Pay celebrated its third birthday, and ACI Worldwide and Aite Group released data on rising mobile wallet usage, indicating that consumers in the US and Europe are starting to catch up with those in Asia and Latin America where mobile wallets dominate.

Banks look to immediate payments to drive revenue

flat vector for business mobile payment concept and  digital marketing with business e commerce concept

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 […]

Planet Payment and ACI launch UnionPay’s SecurePlus

unionpay

Planet Payment, a provider of international payment processing services, and global processor ACI Worldwide are working together to bring UnionPay International’s SecurePlus solution to merchants eager to accept the Chinese issuer’s debit and credit cards with less customer friction and more currency options. Paybefore (Banking Technology‘s sister publication) reports that SecurePlus offers enhancements over existing solutions […]

Why getting ready for real-time is a priority for Rabobank

Erik Kwakkel, Rabobank Netherlands

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

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

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

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

ACI Worldwide's UP Payments framework

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

Real-time payments infographics

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.

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