Business
ACI Worldwide and Mastercard to Collaborate and Advance New Payment Solutions and Experiences for Customers
ACI and Mastercard will begin their collaboration by working together to offer industry-leading technology and expertise to central banks, scheme operators
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nACI and Mastercard will begin their collaboration by working together to offer industry-leading technology and expertise to central banks, scheme operators and market participants to fast-track the migration and modernization of real-time payment solutions around the world\n\n NAPLES, Fla. & PURCHASE, N.Y.--(BUSINESS WIRE)--\nACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, and Mastercard, the global multi-rail payments technology company, today announced that they will partner to provide a wide range of real-time payment solutions globally. They will initially collaborate to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005265/en/\nThe real-time account-to-account payments market continues to quickly expand. Prime Time for Real-Time — a recent study analyzing global real-time, account-to-account payment volumes and forecasts across 30 global markets — projects a Compound Annual Growth Rate (CAGR) of 23.4 percent from 2019 to 2024. While existing schemes around the world are adding new participants and value-added services, additional country and regional schemes are launching each year, including more than 20 schemes in varying planning stages.\n\nWith a complementary real-time payments vision, the combination of Mastercard’s central infrastructure and ACI’s payments access and real-time message transformation technology delivers an unmatched end-to-end offering. The new joint solution delivers key benefits including:\n\n\nFlexible deployment options — Mastercard and ACI collaboration provides deployment options that range from a fully managed service in the cloud, to supporting on-premise software for government, central bank and system operator-owned platforms\n\n\nAbility to support existing local market requirements — the joint solution reduces the amount of time to onboard participants and provides flexibility to accelerate real-time adoption\n\n\nISO20022-first approach — joint real-time capabilities support organizations today and tomorrow, and provide tra...