ACI Worldwide Recognized by Central Banking Magazine for Real-Time Payments Services

By AIT News Desk On Apr 22, 2021

ACI wins Central Banking Award for Payments Services; lauded as “an important provider of real-time digital payments software”

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, announced that it has been recognized by Central Banking Magazine with its 2021 Central Banking Award for Payments Services. The award highlights ACI as an important provider of real-time digital payments software, helping banks and small companies connect to core central bank infrastructure.

“When central banks and governments around the world implement and launch a new payments system, it becomes a major payments modernization effort for the entire nation”

The Central Banking Awards emphasize outstanding performance and achievements of individuals and organizations within the central banking community. Supporting central banks around the world in the transition toward real-time payments, ACI provides a growing range of real-time payments services for round-the-clock settlement systems and reliable overlay services that are vital in making sure banks, merchants, individuals and fintechs can be connected seamlessly.

“When central banks and governments around the world implement and launch a new payments system, it becomes a major payments modernization effort for the entire nation,” said Sam Jawad, executive vice president, Banking, ACI Worldwide. “Whether the rationale is financial inclusion or part of an economic policy to support businesses through improved cash flow, it is important to make sure that participants within the ecosystem — banks, processors, merchants and consumers — benefit. This recognition is testament to our great team of experts and their work in leading central bank and central infrastructure initiatives.”

According to Central Banking Magazine, “The workload of central bankers hit a new peak during the past year as officials scrambled to respond to external and internal policy and operational issues presented by the pandemic. And, ACI has emerged as a leading partner for central banks as they spearhead the transition toward near-instantaneous transfer of funds around the world.”

ACI currently supports 18 real-time domestic schemes around the world, including Zelle and TCH in the US. Approximately 50 percent of the UK’s Faster Payments (UKFP) and 75 percent of Hungary’s AFR transactions are processed through the ACI Low Value Real-Time Payments solution. The ACI Low Value Real-Time Payments solution is also the core processing infrastructure for Malaysia’s Real-Time Retail Payments Platform (RPP), and STET’s real-time payments platform for PSPs in Europe. Additionally, ACI has customers using its solution to access Singapore FAST and the Australian New Payments Platform (NPP).