News

ACI, BMO team to offer real-time B2C payments

May 14, 2019

ACI Worldwide Inc., a provider of real-time electronic payment and banking solutions, has announced that BMO Financial Group is using its BMO Payment Hub, powered by the ACI Universal Payments real-time payments solution, to deploy new products, such as Zelle business-to-consumer payments.

"Our focus is to create services that better support our customers and make payments faster and easier," Sharon Haward-Laird, head of North American treasury and payment solutions at BMO Financial Group, said in a press release.

ACI UP Real-Time Payments gives BMO connectivity to real-time payment networks from a single hub, for faster and more efficient payments. In addition, BMO has also deployed Zelle, which allows businesses to capitalize on real-time B2C payments using a consumer's email address or U.S. mobile phone number.

ACI is an official technology partner of the Zelle network, which has processed hundreds of millions of transactions. ACI UP is the only global solution that allows financial institutions to address their real-time gross settlement, SWIFT messaging, ACH and faster payments needs with a single, universal offering, the release said.