Business
ACI Worldwide Collaborates with Microsoft to Accelerate Global Move to Real-Time Payments
ACI Real-Time Payments Cloud Platform, Hosted in Microsoft Azure, Helps Financial Institutions Enable Instant Payments Transactions Faster MIAMI--(BUSINESS
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nACI Real-Time Payments Cloud Platform, Hosted in Microsoft Azure, Helps Financial Institutions Enable Instant Payments Transactions Faster\n\n\n MIAMI--(BUSINESS WIRE)--\nACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced a collaboration with Microsoft to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform. Hosted in the Microsoft Azure environment, ACI RTPC is a multi-tenant SaaS platform that provides a payments interface between financial institutions and instant payments infrastructure, including The Clearing House's Real-Time Payments (RTP) Network and The Federal Reserve's FedNow Service in the U.S.\n\n\n“By hosting ACI’s Real-Time Payments Cloud in Microsoft Azure, financial institutions will now have access to an award-winning, end-to-end solution to enable their processing of 24/7 payments,” said Craig Ramsey, Head of Real-Time Payments at ACI Worldwide. “In the U.S., the platform allows financial institutions and technical service providers to onboard to Real-Time Payments and FedNow, offering simplicity of operation and interoperability with both services.”\n\n\nAs the platform of choice to support payments aggregators and networks, ACI’s RTPC helps financial institutions of all sizes gain access to both domestic instant payment networks: RTP and the FedNow Service. Overseeing payment operations can be overwhelming; ACI’s RTPC solution lowers the barriers to entry, allowing any provider to have direct, real-time access to RTP and the FedNow Service and benefit from the platform’s elasticity to increase transaction volumes as their business grows. For example, ACI currently supports Corporate One Federal Credit Union, one of the largest credit unions in the U.S. and a leader in real-time payments. Corporate One serves 14 of the top 50 credit unions in asset size and has more than 700 members across 45 states, reaching more than 28.5 million people.\n\n\nIn addition, ACI’s relationship with Microsoft supports ACI’s AI-powered anti-fraud processing model— featuring patented proprietary incremental learning technology—that allows clients to run payments operations securely and with high resiliency, all while protecting transactions and financial institutions’ and ...