ACI’s global payment processing solution achieves major industry certification for seventeenth consecutive year
India —October 1, 2014—ACI Worldwide(NASDAQ: ACIW), a leading global provider of electronic payment and banking solutions, today announced that its market-leading global payment processing solution, ACI Money Transfer System, has achieved the 2014 SWIFT Certified Application for Payments label. This marks the seventeenth consecutive year that Money Transfer System has achieved this industry certification.
The SWIFT accreditation for payments recognizes that Money Transfer System supports SWIFT’s stringentprocessing requirements. Money Transfer System delivers financial institutions a complete, robust solution to process SWIFT MT or MX messages, domestic and international payments on a proven platform.
“ACI is a leader in the SWIFT community and its long-standing achievement of SWIFT Certified Application labels and more recent integration of SWIFTRef, demonstrates the breadth and depth of its solutions, which are able to support an ever-changing transaction banking marketplace,” saidFilip Versluys, head of partner marketing, SWIFT. “We are pleased to recognize ACI’s ongoing commitment to SWIFT.”
“We pride our company on delivering financial institutions the control, choice and flexibility they need in order to succeed. And as banking and payments evolve, more banks are turning to us to ensure they are ready for the next generation of the payment evolution,” said Matt Ellis, senior vice president and product line manager, Transaction Banking, ACI Worldwide. “We are proud of this achievement—17 consecutive years of attaining SWIFT accreditations validates the great team and great technology behind our transaction banking offerings.”
Money Transfer System is a functionally-rich payments and SWIFT messaging solution that provides global processing capabilities. With interfaces directly to SWIFTNet services, as well as multiple real-time gross settlement (RTGS), low value and real-time networks across the globe, the system is a single, integrated solution for domestic and international processing, including the SEPA Credit Transfer and Direct Debit schemes.
Money Transfer System is part of ACI’s UP Transaction Bankingsolution. ACI’s Universal Payments (UP) portfolio of solutionsorchestrates all aspects of payments processing for any payment type,any channel, any currency and any network.Money Transfer System will be featured among ACI’s other transaction banking solutions at the Sibos Conference, September 29-October 2 in Boston.
In related news, ACI recently joined the Common Global Implementation-Market Practice Group (CGI), which helps define standards for corporate financial institutions to connect to SWIFT.