News

ACI rolls out real-time payments scheme for US banks

April 25, 2017

Banking and payments solutions provider ACI Worldwide is offering its UP Immediate Payments solution via a hosted cloud, providing financial institutions of all sizes with access to real-time payments in the U.S., according to a company press release.

Multiple institutions seeking the same solution will be able to share connectivity to The Clearing House and Zelle networks, reducing the costs of real-time payment operations and time to market, the company said.

UP Immediate Payments allows banks to bypass software maintenance costs, ongoing regulatory requirements and the risk of uncertain volume projections, according to the release. The solution is complemented by a testing service to ensure fast, seamless deployment.

"As digital banking becomes more prevalent in the U.S., banks must meet customer expectations to remain competitive," ACI Vice President W.A. Proctor said in the release. "The introduction of real-time payments in the U.S. is a prime opportunity to align services with today's consumer needs — it is also a critical capability for any financial institution to thrive in the future." 

Currently, UP Immediate Payments supports more than 60 percent of the direct participants in U.K. Faster Payments, as well as Singapore FAST and Australia's New Payments Platform. The hosted cloud solution will also be available to support the EBA SEPA Instant Credit Scheme in the European Union.