News

ACI, Zelle partner to provide real-time payments option for FIs

November 29, 2017

ACI Worldwide, a provider of real-time electronic payment and banking solutions, has been named a technology partner of the Zelle P2P network, and will provide integration for financial institutions to connect to the network.

ACI provides connectivity to real-time payment networks from a single hub, bringing a broader reach to the market and allowing FIs to quickly deploy real- time payments, a company press release said.

"Zelle is increasing P2P payments adoption by creating a common payments experience for consumers — regardless of which bank they use," ACI Vice President W.A. Proctor said in the release. "As more consumers engage in real-time payments through Zelle's payment experience, it will undoubtedly influence the widespread consumer and business adoption of real-time payments."

The ACI Universal Payments portfolio of solutions includes UP Real-time Payments and UP Immediate Payments, giving banks control, choice and flexibility in how they manage real-time payments, according to the release.

The service is offered via cloud or on-premises; banks can implement features required to enable support for The Clearing House real-time payments and the Zelle Network, including validation, verification, fraud and compliance, authorization, liquidity and exception handling.