ACI Worldwide (NASDAQ:ACIW), a leading global provider of real-time electronic payment and banking solutions, today launched the UP Real-Time Payments Solution—the only global solution that allows financial institutions to address their Real Time Gross Settlement (RTGS), SWIFT messaging and real-time payments needs with a single, universal offering.

New requirements for payments processing have never been more prolific. Real-time payments, changes to processing of RTGS payments, SEPA Credit Transfers and Direct Debits, Open APIs and Blockchain are all prioritized for investment—but banks are increasingly challenged by the complexity and cost of addressing them all.

The UP Real-Time Payments Solution gives banks complete control, choice and flexibility in how they route their real-time payments. As a single, universal offering, the UP Real-Time Payments solution removes the complexity banks face in managing separate systems to support the wide range of low and high-value payment options that their customers need. It also empowers banks to optimize their transaction costs and orchestrates any payment type, channel, currency or network in a single or multibank setup with 24X7 worldwide support.

The UP Real Time Payments solution combines the power of the ACI Money Transfer System and the innovation and real-time processing of UP Immediate Payments—providing connectivity to immediate payments schemes and RTGS globally. Banks can implement the features required to enable these latest initiatives, from basic connectivity to a new scheme­—such as those supporting SEPA Instant Payments, The Clearing House or Zelle—to full-service processing that includes validation, verification, fraud and compliance, authorization, liquidity and exception handling.

"Banks are facing acute pressure to provide customers with a real-time experience," said WA Proctor, vice president, ACI Worldwide. "Competition from start-up companies offering real-time payments—combined with a rising number of domestic and global payment gateway connections—has led to a convergence of the retail and transaction banking world. The UP Real-Time Payments Solution grows with a bank's evolving needs, to help its customers to take advantage of global transaction growth opportunities that real-time payments enable."

By harnessing ACI's proven mission critical payment engine Money Transfer System, handling $14 trillion in daily transactions and the innovative UP Immediate Payment solution, banks now have choices. They can choose the optimal path for real- time transactions, deploy in the cloud or in an on-premise model—and with support for Red Hat Enterprise Linux/x86, UP Real-Time Payments Solution provides organizations with a lower total cost of ownership. The solution allows banks to quickly launch new real-time payment schemes services, with flexible, scalable options via open APIs and provides full SWIFT functionality, including GPI and direct connectivity to SWIFTNet.

ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers' premises or through ACI's private cloud, we provide real-time, immediate payments capabilities and enable the industry's most complete omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.

© Copyright ACI Worldwide, Inc. 2017. 
ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo, ReD, PAY.ON and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.

Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI's sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.

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