Rabobank Selects ACI Worldwide's UP Immediate Payments for SEPA Instant Payments
January 19, 2017 at 03:00 am
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ACI Worldwide announced that Rabobank will utilize the company's UP Immediate Payments solution. Rabobank needed a system to ready itself for the evolution of instant and open banking and selected ACI's UP Immediate Payments for SEPA Instant Payments. With the onset of new instant payments schemes across Europe, Rabobank required a flexible solution to address domestic NL instant payments processing as well as pan-European instant payments. Available via a SaaS delivery model or on-premise, ACI's UP Immediate Payments provides connectivity and processing for the local and pan-European SEPA Instant Credit Transfer schemes (SCT Inst). UP Immediate Payments is already in production at other banks as a single point of access and liquidity controls for other country immediate payments (IP) schemes. It features enhanced functionality specifically for the management and processing of real-time payments, including exceptions handling, business intelligence and monitoring dashboards.
ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. The Companyâs segments include Banks, Merchants, and Billers. It provides payment solutions to large and mid-size banks globally for retail banking, real time, digital, and other payment services. It support merchants globally, including Tier 1 and Tier 2 merchants, online-only merchants and payment service providers, independent selling organizations, value-added resellers, and acquirers who service them. Within the Billers segment, the Company provides electronic bill presentment and payment (EBPP) services to companies operating in the consumer finance, insurance, healthcare, higher education, utility, government, and mortgage categories. Its solutions include ACI acquiring, ACI issuing, ACI enterprise payments platform, ACI low value real-time payments, ACI high value real-time payments, and others.