back Back

ACI Worldwide and Microsoft partner to boost real-time payments

By Delisha Fernandes

September 20, 2023

  • ACI Worldwide
  • Anti fraud
  • cyber incidents
Share

ACI Worldwide, Microsoft, Real-Time Payments, financial institutions, SaaS platform, Federal Credit Union, anti-fraud, cyber incidents, FinTech news, FinTech USACI Worldwide, a real-time payments software, has 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 US

“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.”

ACI’s RTPC helps financial institutions of all sizes gain access to both domestic instant payment networks: RTP and the FedNow Service. In 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 aggregators’ privacy.

“We’re proud to have worked with ACI to create a fully cloud-native environment that enables intercommunication between different systems across the payments ecosystem,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. “With the ability to exchange data in an interoperable manner, we’re excited for the new benefits this will provide financial institutions and their customers—helping speed payments, improve fraud management, and unlock new areas of efficiency and ways of doing business.”

ACI RTPC is the byproduct of ACI’s decades of experience processing real-time transactions for financial institutions on every continent, currently supporting 25 schemes across the globe. ACI Worldwide is fully certified for the FedNow Service and is a designated FedNow Instant Payment Pioneer, having supported the service with the Federal Reserve as part of its pilot program.

Previous Article

September 20, 2023

Traydstream’s document checking service now available on hive.t platform

Read More
Next Article

September 20, 2023

Libra Internet Bank of Romania taps Temenos for cross-border payments

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

ACI Worldwide

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Spend Management Platforms to optimize your business finances

Read More

Today

POP raises $2.4m in Seed Funding from India Quotient to launch UPI Play

Read More

Today

Veefin obtains strategic stake in Regime Tax Solutions through its subsidiary

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023